This evening, Fed minutes will be announced, and the Jackson Hole Symposium starts tomorrow. Powell will speak on Friday. It is a busy week on the macroeconomic front, and the messages to be delivered are extremely important. Some significant developments have occurred in the last few hours. Now, let’s take a look at the current situation in light of the latest developments.
Today’s Important Developments
The El Salvador National Bitcoin Office (ONBTC) will provide Bitcoin certification training for 80,000 employees. The 160-hour virtual training will cover Bitcoin and its use as a legal tender. Concepts, laws, skills, management, and others. There are a total of 7 modules.
ONBTC director Stacy Herbert said the following on this matter;
“These training projects are very low time-preference commitments for the long-term success of El Salvador and Bitcoin (and technology) policy.”
Mt. Gox Continues Refunds
The 10-year saga is finally coming to an end. For the first time since the end of July, the first major transaction took place. 12,000 BTC were moved, and officials confirmed that this was related to customer refunds. The trustee still holds $2 billion worth of BTC, and it can be said that the massive supply burden is almost zeroed out. If Silkroad assets do not head for simultaneous sales, we might not see a major shock even if MTGOX sends all remaining assets for sale.
Moreover, it is known that most refunds have been made during this process. The size of assets for users who have not received refunds or completed the necessary processes is unknown. The remaining balance will be attributed to this possibility.
Trump and Elon Musk
While Trump makes great promises with the dream of becoming the president of crypto investors, Elon Musk is no longer very interested in crypto. The fact that the duo did not mention crypto in their latest Spaces broadcast was also demoralizing for investors. However, Trump said that if he is elected, he could include Elon Musk in his cabinet.
Last week’s Space broadcast was delayed by 30 minutes due to a major DDOS attack, and Elon Musk said, “As this major attack shows, there is a lot of opposition to people hearing what President Trump has to say.” So, he strongly supports Trump.
Bitcoin price fell back to $59,000 while US markets opened positively as this article was being prepared.
