All Of A Sudden...

There’s a nice restaurant by the lake right at the entrance to our town, and this place offers such a magnificent view. From there, you can take in almost the entire town, with the hills standing tall in the background and the lake perfectly mirroring those shapes.

Until today, there was a Coast Guard deck right in front of the restaurant, but for some reason, they decided to move it. Suddenly, the restaurant was gifted an even more stunning view—a clean, unobstructed one.

Now, if you want to snap a photo of this landscape, like I did, you won’t have any “unnecessary noise” in your shot, like that old, ugly deck and the battered boats tied to it. Sometimes, all it takes is removing the noise to truly appreciate the beauty of the bigger picture.

Speaking of removing noise, Russia is set to treat Bitcoin and other cryptocurrencies as property, exempting them from VAT after the upper house of parliament approved a new bill. President Putin is expected to sign it into law shortly. And just like that, the noise around Bitcoin starts to disappear.

It’s crazy to think how, in just a few years, Bitcoin went from being labeled as “criminal money” to now being recognized as “private property.” To me, these are the early tremors of the free fall that the current financial system is undergoing. At this point, the shift feels inevitable.

Amid the skyrocketing value of the cryptocurrency, Vancouver Mayor Ken Sim has proposed a motion for the city to adopt Bitcoin as a reserve asset. Indeed, Sim forwarded the proposal to preserve “the city’s purchasing power through diversification of financial resources” for the motion titled “Becoming a Bitcoin-Friendly City.”
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And that's not all for today...

A congressman from Brazil has officially proposed a bill to establish a strategic Bitcoin reserve in the country: the Bitcoin Sovereign Strategic Reserve. The Reserva Estratégica Soberana de Bitcoins (RESBit) aims to diversify the country’s Treasury. According to Portal do Bitcoin, a Brazilian media platform, Congressman Eros Biondini filed the proposal on Monday.
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I don’t know if you’ve noticed, but for a few months now, there’s been a steady stream of announcements from various states and big cities about adopting Bitcoin as a reserve asset. It’s something many of us here have long seen coming.

Maxis must be losing it right now with their “I told you so” chants and that classic Saylor quote: “There’s no second best.” Personally, I think the entire crypto space will benefit from Bitcoin’s growing recognition. On a related note, it was announced yesterday that a Dogecoin ETP has launched in Sweden.

I don’t know about you, but I’m hyped for the rest of this bull market—though I’m damn sure a bear market will follow. The cyclicity of it all is mesmerizing. Just yesterday, @toofasteddie mentioned that HBD APR is going back to 20%, which is fantastic. Once we take profits, we’ll need a safe spot to park those stables, and HBD seems rock solid to me.