🇧🇬 Bulgaria's BTC Wealth Opportunity, 📈 BTC's decreasing volatility, 🍏 Apple removes BTC whitepaper

Thursday Update: 27 April 2023

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Highlights

Bitcoin could make Bulgaria one of the richest countries in the world

(3 min read)

Bulgaria apparently holds the second-largest amount of Bitcoin in the world after Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Bulgarian authorities reportedly seized about 213,519 coins from a criminal group in 2017. However, the source of this information and the methodology used to arrive at this figure are unclear, and there is no official confirmation from the Bulgarian government or any other reliable source. Nevertheless, if the reports are accurate, then Bulgaria just needs to be wise and HODL its BTC, or at the very least indefinitely preserve a significant portion of BTC in their portfolio forever because Fiat currencies invariably tend to lose value over time.

Bitcoin's volatility has traditionally kept some investors at bay, but that is changing

(3 min read)

The ultrasound money’s historical volatility stems from its newness and round-the-clock international trading. However, the Motley Fool is quite bullish on Bitcoin and reports that its volatility has been decreasing as more investors see it as a long-term investment and as the market matures from a niche to mainstream option. These factors have also stabilised the BTC market cap as it recovers from a plunge in 2022 and made it less susceptible to large buy/sell orders by institutional players. As more plebs start to recognise Bitcoin’s value propositions and see it as a legitimate asset, its demand will grow, stabilising and increasing its price due to its finite supply.