βThe briefing also warned that the gasoline oil prices may remain elevated through the midterm elections. So the Pentagon deeply concerned about inflation and at the same time the Pentagon running a Bitcoin node. Those stories are connected everybody and I just want to shout that from the rooftops.β
βPowerful move looms for Bitcoin's price says the Ballinger bands indicator and is saying they've reached the tightest point ever on the monthly frame. I don't want to get into the whole article here because most basically just posting this tightest Bitcoin monthly Ballinger band squeeze ever. You can see it right here on the bottom part. This measures the the narrowness of this gap.β
Bitcoin protocol secures U.S. military data networks
βI think that the proof of power and the soft war approach to this, the write up from Jason Lowry years ago was completely under reported. And people just don't care about this concept until it's too late, until Bitcoin is literally being used to harden government infrastructure and data. And then it's well out of reach of the average person.β
βPresently, we're in experimentation. So I'll give you a deeper look into that. Presently, we have a node on the Bitcoin network right now. We're not mining Bitcoin. We're using it to monitor and we're going we're doing a number of operational tests to to secure and protect networks using the Bitcoin Bitcoin protocol.β
Military views Bitcoin as national power projection
βHe spoke to the Senate yesterday. Yesterday he spoke to the or the day before yesterday he spoke to the House. He said the military is running a live node on the Bitcoin network testing it for national security purposes. And he made the disclosure at the House Armed Services Committee hearing on Wednesday. This is a day after telling the Senate Armed Service Committee that Bitcoin has incredible potential as a tool for power projection, American power projection.β
Russia legalizes Bitcoin for international trade settlement
βWe saw that Russia is adopting cryptocurrency. It is going to happen on July 1st. And so, we got a couple months and exporters will gain a legal path to accept Bitcoin and stable coins from buyers cut off from Western banking. And so, this is particularly aimed at Russian businesses. This isn't for the average Joe, you know, trying to maybe trade on a DAX.β
βWe have now finally broken that streak where Bitcoin is now trading higher one week after the X dividend date for the first time in 6 months. This is breaking a pattern of post payout weakness. Why might we be seeing this? Well, if you don't know what it is, it's Micro Strategy's perpetual preferred stock. It's called Stretch.β