El Salvador’s “Bitcoin President” Plans to Launch Geothermal-powered Bitcoin Mining Operation
Once a year, a group of friends who have been friends for decades gather for dinner, and each year, they call themselves the “Bitcoin Dinner Club”. The group includes people involved in the technology field both in the US and abroad, and the dinner is a chance to get together and discuss cryptocurrency, Bitcoin in particular.
One of the most prominent members of the team that built the world’s first decentralised digital currency, El Salvador’s President Mauricio Funes is now looking to set up a geothermal-powered bitcoin mining operation to help bolster the country’s struggling economy.. Read more about venezuela bitcoin mining and let us know what you think.Welcome to the internet, where the strange becomes reality and people become insanely rich. Today’s phenomenon revolves around an old meme that has suddenly become the target of WallStreetBets (WSB) meme promotions. In this film, a person starts rattling around, before a uniformed employee politely says this is Wendy’s. This is one of those nonrandom examples that somehow applies to anyone who is so lost in a moment that they don’t even realize who they are talking to. In the context of meme stocks exceeding their reasonable valuations based solely on the enthusiasm of investors who often do so more to laugh than to make money, it seems fitting that Wendy’s (NASDAQ:WEN) shares suddenly and inexplicably jumped to a new all-time high of nearly $30 this morning, before returning to more reasonable levels at the time of this writing. Of course, there is a certain amount of randomness in all of this. This meme has been around for a long time, so why the meme merchants suddenly thought to offer it for sale now, I guess we don’t know. Unlike other WSB Evangelical targets, WEN has not been the target of short sales and in fact has a strong balance sheet with decent growth prospects as the company positions itself as a breakfast spot after being COVID-19….. positioned. That’s what the mainstream media thinks.
Is it a conspiracy?
A Google search for wen meme stock has no shortage of excellent reports on how Wendy’s became the last stock to be targeted by WSB. But if you scroll through the posts on the WSB forum, it doesn’t seem to get much attention. I scrolled down the page for almost 15 minutes and didn’t see a single post about it. A search of the forum yields this analysis as the most relevant post. At the time of writing, he only had 56 karma from upvotes, which isn’t much for this kind of thing, and certainly doesn’t explain this kind of pumping. Fortunately, a website called Swaggy Stocks shows us excellent visualizations for all the major WSB stocks, and it has an interesting revelation about WEN stocks. Here we see that there was only a slight increase in comment volume (about 0.36% of total WSB ticker entries) before transaction volume increased. Therefore, it is as likely that the prize action is driving the comments as the other way around. If it wasn’t Reddit users who raised the price of the moon, then who? Whoever it was, I can understand them wanting the WSB to record it.
Today’s big crypto-currency tweet story, of course, comes from our new friend, President El Salvador, who tweeted: I didn’t even know volcanic energy could be harnessed in this way, but it’s great to see Bitcoin driving this kind of innovation, especially with all the misinformation about energy we’ve just seen. As the old saying goes…. Bitcoin will solve everything.El Salvador’s “Bitcoin President” Plans to Launch Geothermal-powered Bitcoin Mining Operation. Read more about venezuela btc mining and let us know what you think.
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