Bitcoin video 21,000,000


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Square $SQ has purchased another $170 million worth of #bitcoin

SAN FRANCISCO–(BUSINESS WIRE)– Square, Inc. (NYSE: SQ) has posted its results for the fourth quarter and full year of 2020 on the Financials section of its Investor Relations website at and filed these results with the Securities and Exchange Commission.

Square will host a conference call and earnings webcast at 2:00 p.m. Pacific time/5:00 p.m. Eastern time today to discuss these financial results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Square’s Investor Relations website at A replay will be available on the same website following the call.

Square also announced today that it has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million. Combined with Square’s previous purchase of $50 million in bitcoin, this represents approximately five percent of Square’s total cash, cash equivalents and marketable securities as of December 31, 2020.

What happens when Bitcoin runs out?

So what happens when Bitcoin supply runs out?

I have been thinking of this non stop as I can not put my finger on this. So help me out if you can. Here is what I have been thinking about:


Some information:

There are 21,000,000 Bitcoin. So here is the thing anyone who has traded stocks on stock exchanges would know 21 million shares in a company is absolutely tiny so keep that in mind as we talk about Bitcoin supply and demand and the problem it may cause. What I am suggesting is that compared to the hundreds of thousands of companies listed on stock exchanges the amount of Bitcoin (Translated to shares) is tiny its so small its not funny. 



Next challenge is …. Market cap vs shares available. Ok so show me companies on stock exchanges that have 21,000,000 shares in circulation that have Bitcoins Marketcap.  

Look I love Bitcoin but if you have demonstrated a company with 21,000,000 shares with a similar market cap you would have shown me a company that has enormous REVENUE. 

Ok so put that to one side… Lets forget revenue. Lets pretend Bitcoin is a commodity.  Lets compare it to gold a safe stock economies turn to in panic times. To my knowledge commodities do not produce revenue… the companies surrounding that commodity may but not the material itself. 

Here is what I find interesting and there are crazy claims here:

There are only 21,000,000 Bitcoin (That’s not very many) What will happen when Bitcoin runs out?

Bitcoin did have a shady past with many criminals using it to trade as alleged with Silk road traders. My question is how many Bitcoin were lost by criminals. Look I think there are smart criminals out there however if you watch the news and listen carefully I am guessing that there are lots of drug affected low level criminals that had no idea what Bitcoin actually was and at that time would have accepted it for payment not knowing what the future held. Not only would they not know what its current value was they would not know how to access it now…Meaning lost Bitcoin. 


OK so dumb drug effected criminals can not access the old Bitcoin. The reason I raise this is that it takes away from the supply that is currently in the Bitcoin market.  Read more below:


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So what happens when Bitcoin supply runs out?

So Bitcoin is slowly running out! Criminals have some who has the rest?

  • Big institutions: As reported big companies and institutions are now rushing to secure Bitcoin… Why… Well It could be because they are hedging their bets. Another reason with all due respect Bitcoin is “Cool”.  So if its cool and perhaps necessary well then why risk missing out and looking bad. The old FOMO but at a corporate level. 

So you have corporates, and criminals soaking up the supply so far. What is next…. Here is what:

Community: Ok so go to twitter and type in the explore button “Cryptocurrency” There is thousands of posts every hour. 

The average punter is excited about cryptocurrency and bitcoin is the first go to crypto. 

The average punter can never afford one BTC, lets face it at 20,000 its out of most folks reach to get involved. So they finally work out that they can just buy a portion of the BTC. So then you have millions of people buying LITTLE bits of Bitcoin.

That’s fine! go for it! Invest jump in do your thing. But what is actually happening is Bitcoin as an ecosystem then introduces a risk with newbies…Newbies are likely to invest just a little… They are more likely to loose their wallets, forget about it, forget their seed or if there is a crash mentally just say … You know what worth the gamble and completely forget about the tiny amount of Bitcoin they bought. 

Ok so my point is that the total amount of supply is draining and getting smaller and smaller. Corporates, Criminal and Community so far. 

Next is Wallets! Ok so just talking personally… I have a dozen different wallets across different platforms and I bet I am not alone. I have Coinbase, Binance, Free Faucets, Metamask for me to actually work out my total Bitcoin I would have ZERO idea. I did not do this on purpose its just due to the structure and I am not consolidating the Bitcoin it is not worth it on a small level. 

So my point is there are various factors that are reducing the supply…What happens when supply dries up… UP down UP down… Hmmm 



Binance Labs Leads Strategic $12M Investment Round in MathWallet

Welcome to ICO Announce today we are talking about Binance Labs  who have been said to have led a strategic $12 Million dollar series B in MathWallet: You may recall that MathWallet was one of the first crypto wallets to support the Binance Smart Chain.

It is reported that Binance Labs  led the Series B funding round for Singapore-based start-up MATH, the blockchain firm behind the crypto wallet, MathWallet.


The announcement was made on Thursday: Binance Labs led a $12 million investment in the cryptocurrency wallet maker, which has received funding from NGC Ventures, Amber Group and Capital6 Eagle.


What is Mathwallet? MathWallet is a described as a multi-platform cryptocurrency wallet that supports more than fifty  public blockchains and enables storage of Bitcoin and key cryptocurrrencies like Ethereum, EOS, Tron to name a few. 


At the time of writing this Mathwallet supports these cryptocurrencies: 


Kusama,Filecoin, Edgeware, Enigma, Filecoin, Testnet, Secret Network, Nervos, Near, OKExChain, VeChain, FTchain, Harmony, KAVA, Vapor

CoinEX, XLM, ZILLIQA, YAS,CODEX, Band Protocol, FIBOS, Enumivo, BOS, Telos, NEO, TomoChain,Ethereum Classic, Nebulas, Ethersocial, WORBLI, Wax, Eth2, Libra, Hashgard, Substrate

Straightedge, Solana, Kulupu, Helium, Equilibrium, Terra


The company claims to have been profitable since the beginning of 2020, and it has previously raised seed funding from previous rounds of investors that included Fenbushi Capital and Fundamental Labs.




About MATH

MATH is a multi-chain and cross-chain blockchain assets hub, and its products including: MathWallet (supported 60+ blockchains including BTC, ETH, Polkadot, Filecoin, Solana, BinanceChain etc and 1.2M users), MATH VPoS Pool, MathDAppStore, MathStaking, MathCustody, MathNFT, MathChain, MathHub, MathDEX, MathID, MathPay etc. Our investors includes Fenbushi Capital, Alameda Research, Binance Labs, FundamentalLabs, Multicoin Capital, NGC Ventures. Visit for more information.


About MathWallet

MathWallet is a multi-platform (mobile/desktop/hardware) universal crypto wallet that enables token storage of 60+ chains including BTC, ETH, Polkadot, Filecoin, EOS, Solana, BinanceChain, Cosmos etc, supports cross-chain token exchange, multi-chain dApp store and operates nodes for POS chain.


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Which hedge fund has quietly been buying 1 Billion dollars of cryptocurrencies

Which hedge fund has been buying over a billion dollars in crypto?

Eric Peters (chief executive officer of One River Asset Management) said in an interview he set up a new company to take the opportunity on the growing interest in cryptocurrencies among institutional investors. In addition to its initial purchases, One River Digital Asset Management has commitments that will bring its holdings of Bitcoin and Ether to about $1 billion as of early 2021, he said. Mr Peters also noted he was drawn to cryptocurrency because of the volatility in financial markets. 

Who is Alan Howard?  Alan is a British billionaire hedge fund manager. Alan Howard has backed hedge fund One River Digital Asset Management in their purchase of both Bitcoin and Ethereum. Alan Howard was on the New York Federal Reserve’s investor advisory committee on financial markets and is one of a group of financial managers, who on occasion, advised New York Federal Reserve officials on economic policy.


On a similar topic there is another investor with One River Digital is the UK-based investment giant Ruffer LLP. Ruffer recently disclosed its 2.5%p position in Bitcoin calling it “a small but potent insurance policy against the continuing devaluation of the world’s major currencies.”



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Who is Eric Peters? Eric is the Chief executive officer of One River Asset Management. Eric leads One River Asset Management, an SEC registered investment advisor, managing capital for a number of the industry’s most highly regarded institutions. The firm identifies emerging thematic investment opportunities, constructs distinct multi asset-class hedge-fund portfolios to profit from the themes, implements those portfolios for its clients, and then actively manages the exposures. 

Clients work in collaboration with One River, utilizing this innovative capability to access precise market exposures, within a transparent, highly-liquid, cost-effective format, at a timing of their choosing. The 13 person firm’s operational infrastructure is built upon technology that is robust, flexible and highly scalable; enabling clients to construct a wide range of bespoke products to achieve their unique investment and business objectives. (Source Linkedin and Wikipedia) 


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How much bitcoin was traded in Silk rd?

How much bitcoin was traded in Silk rd?

So this is a curious question about Silk Rd and thinking about how much bitcoin flowed through it when it was super cheap? Maybe we will start for those of you that do not know what Silk Rd is and what role it played in the crypto market. What was Silk Rd “It was an online black market for all things seedy on the dark web” It was an online site that you could buy pretty much whatever your wanted including drugs. The online dark marketplace was started back in 2011 and was shut down in 2013 by the FBI. It is reported that the United States government seized more than one billion dollars worth of bitcoins connected to Silk Road which is strange because 

In early April 2013, the price per bitcoin dropped from $266 to around $50 and then rose to around $100. Over two weeks starting late June 2013 the price dropped steadily to $70. So if they seized 1Billion dollars worth that’s a fair chunk of the market cap for bitcoin at the time. My next question would be what did the United States government  do with the seized Bitcoin assets? And did many criminals just looking to launder money become super wealthy without even knowing it? Imagine some petty drug dealer accepting a few bitcoin for some drugs. He then gets locked up gets five years prison. Next thing you know its 2018 when bitcoin was peaking. Lol 

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Citigroup Inc bullish on Bitcoin

Citigroup has been reported to say that the bank has been partnering with central banks globally to build Central Bank Digital Currencies. Speaking on Friday CEO Michael Corbat  said at the Bloomberg Invest Talks ” CBDCs are the inevitable future of money”. Michael Corbat , who took over at the helm in 2012, didn’t reveal the specific governments the bank was working with.

“We’ve been working with governments around the world in terms of the creation and commercialization of sovereign digital currencies. I think it’s inevitable that they will be coming,” said CEO Michael Corbat.

What are your thoughts here are some on the topic from twitter: The central banks and governments are stimulating and markets are at all time highs, this seems to indicate that the fed and CB’s can see a problem that others cannot, otherwise why need stimulus? On a valuation basis we are at all time highs, consequently future stock returns look poor. Pretty soon Monopoly will have to issue a hyper-inflation edition of the classic board game. When a kilogram of bread will cost $50 in 10 years, you’ll be glad you chose bitcoin in 2020. There may be a wall of institutional money coming 2021.  Silver may also be the next to move due to AOC’s Green New Deal. Many are predicting a  bright future for gold silver Bitcoin and entrepreneurs.



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What is Satochi Nakamoto’s net worth?

This all depends if it is a single person or a group, however detective work looking at the active early wallets indicate that Satochi Nakamoto’s net worth in 2020 /21 would be around $20,000,000 USD. This means that if as predicted the price of bitcoin goes up to $115,000 then Satochi Nakamoto;s net worth would be the richest person on the planet. At its peak Bitcoin made Satoshi the 56th richest person in the world.  It is believed that Satoshi Nakamoto owns 1 million plus bitcoins. Very little is known about the Bitcoin creator whether its a person or a group of people however. Time will tell if the truth behind Satoshi will be  revealed and is Satochi spending his or her bitcoins?

People also ask has Satochi Nakamoto died? A news story ran in 2017 claiming that he has died in a hotel in Japan. Most critics of the news article claim it is fake with the assumption that if they knew who he was then he or she would have been discovered a long time ago. What happens when all 21,000,000 coins either get lost in cyberspace (lost wallets and keys). If you can not create more supply will bitcoin serve a purpose or will the trophy for the top cryptocurrency move to another token or coin?

Was Hal Finney actually Satochi Nakamoto? Is another interesting theory that is in the air. However if Finney was Satochi how do you explain the emails sent between them? Or perhaps that was just part of the elaborate plan to disguise the creator of Bitcoin.

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Craig Wright says Bitcoin was never designed to be censorship resistant

Dr Craig Wright explains that $Bitcoin was not designed to be censorship resistant, why that is the case? as well as why the nodes in a network have a hierarchical structure?

Dr Craig Steven Wright is an Australian software businessman. Dr Wright in the past publicly claimed to be the main part of the team that developed $Bitcoin, and the mysterious person behind the pseudonym Satoshi Nakamoto. These claims unfortunately are not believed by most of the cryptocurrency community base.

What appeared to initially trigger Dr. Wright’s response was a statement in the magazine that said:

In the ideal configuration, P2P networks shouldn’t have any hierarchy (all nodes are equal), and nodes should share the network load uniformly. This basic layer of a mesh of interconnected nodes is what helps Bitcoin to be censorship-resistant.

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How many Bitcoin are there?

There are twenty one million bitcoins as designed by Satochi. Bitcoin availability changes approximately every ten minutes and at the time of writing this there are approximately eighteen million available bitcoins.  


  • So a good question is what is the maximum amount of Bitcoin? The maximum and total amount of bitcoin that can ever exist is 21,000,000!


  • How many roughly are still to be mined? There are 2,500,000 bitcoins left to be mined.


  • What about how many bitcoins have been lost? No one knows 

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