#20 - Government collapse in Italy
The era of nonstop stimulus is upon us and HSBC might close your account if you have bitcoin or if you enter one of their branches without a mask.
Markets
Spending didn’t speed the last recovery, but Biden’s team is keen to keep the money flowing endlessly. Welcome to the era of nonstop stimulus.
Italy's government in crisis after former PM pulls support for ruling coalition
Italy's former prime minister Matteo Renzi said two ministers from his Italia Viva party would resign, effectively triggering the government's collapse.
HSBC says customers who refuse to wear a face mask will have their accounts withdrawn. The lender reiterated that face masks are mandatory in all branches, unless legally exempt, warning customers that non-compliance could result in accounts being closed.
Technology
Below the first of a series of tweets commenting on the above event:
Health
Visualizing the history of pandemics
The history of pandemics does put things into perspective. From the Antonine Plague to the ongoing COVID-19 event, ranked by their impact on human life in illustrations and numbers.
Bitcoin
Bitcoin is often critiqued for its energy consumption, however, would it be a store of value if it was completely free to produce and no cost to protect it?
Let’s have a look at some other energy consumers out there for comparison.
FinCEN is extending the public comment period on its proposed rule by 45 days, citing "the robust responses" provided so far. This doesn't guarantee the rule won't go through, but takes us well past January 20 and into the Biden administration.
Bitcoin for Corporations - online conference
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February 3-4, 2021 Learn more
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Regulate bitcoin
This week Christine Lagarde called for global regulation of bitcoin, a lot of comments from the bitcoin community were made as expected, I have summarized a few of the more salty highlights to her video below.
If you are only going to watch one video this week, do watch this conversation with Michael Saylor where he discuss the FUD the past week including Christine Lagarde as well as the 3 day drop the past week. If you did not check the price of bitcoin since the last newsletter you have probably not notice the “crash”.
Headlines
Goldman Sachs to Enter crypto market ‘soon’ with custody play
Bitcoin exchange Bakkt to become publicly traded with $2.1B valuation
The first federally chartered digital asset bank is a reality
Bill Miller says regulatory pressure may be boosting Bitcoin
Tweets
This newsletter is for informational purposes only. Individuals and entities should not construe any such information as legal, tax, investment, financial, accounting or other advice. Nothing contained in this newsletter constitutes a recommendation or endorsement by the author to buy or sell bitcoin, cryptocurrencies, music rights or other financial instruments. #DYOR
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À Bientôt