Description

Weekly market update / outlook and weekly Bitcoin news:

• US Government faces 'significant risk' of default in June, Congressional Budget Office warns
• Sam Bankman Fried's ties to George Santos are just the beginning
• Gallup Poll:  Americans' preference for real estate, crypt plunges - fondness for gold skyrockets
• Bitcoin makes progress in clearing backlog but Lightning Network capacity and channels dropped amid congestion
• Ordinals and BRC-20 will disappear in a matter of months, says JAN3 CEO
• Liechtenstein Prime Minister says government to accept Bitcoin payments, open to investing reserves in BTC
• Binance announces exit from Canada, citing regulator tensions
• This Mother's Day, try explaining Bitcoin to your Mom
• Check out "Monthly Portfolio Update - May 2023" on substack and also look out for midweek post on "Bitcoin UTXO Management"

Substack: Bitcoin Fortress

Twitter: Bitcoin Fortress

Books: Amazon Author Page

Mentioned in this week's Podcast:

https://news.bitcoin.com/us-government-faces-significant-risk-of-default-in-june-congressional-budget-office-warns/

https://www.coindesk.com/consensus-magazine/2023/05/12/sam-bankman-frieds-ties-to-george-santos-are-just-the-beginning/

https://twitter.com/Erikcason/status/1657048239559020544

https://news.bitcoin.com/gallup-poll-americans-preference-for-real-estate-crypto-plunges-fondness-for-gold-skyrockets/

https://www.youtube.com/watch?v=xuO87Wza_pw

https://news.bitcoin.com/bitcoin-makes-progress-clearing-backlog-lightning-network-capacity-channels-dropped-amid-congestion-issues/

https://cointelegraph.com/news/ordinals-and-brc-20-will-disappear-in-months-jan3-ceo-says

https://news.bitcoin.com/liechtenstein-prime-minister-says-government-to-accept-bitcoin-payments-open-to-investing-reserves-in-btc/

https://www.coindesk.com/business/2023/05/12/binance-announces-exit-from-canada-citing-regulatory-tensions/

https://bitcoinmagazine.com/culture/give-bitcoin-for-mothers-day

https://bitcoinfortress.substack.com/p/monthly-portfolio-update-may-2023