Wednesday, July 1, 2026

July 1st

7:07 AM What is bitcoin? Nothing, bitcoin is an algorithm used initially to transfer money. But it is possible to accumulate and even create new bitcoins by solving complicated mathematical problems in a process called mining. Money out of thin air as Trump once said. There are countries that banned mining of bitcoin because of the energy usage.

7:30 However by looking at the bitcoin price evolution in 2025 and this Forbes article, i really don't understand how he made 1.2 or 1.4 billions as some sites report today.

Ok, it's crypto in general, not only bitcoin. Crypto currencies including his own (the $TRUMP) are bitcoin memes. But still the numbers don't add up...