tw0122
2 days ago
A 45 MINUTES AGO
Politicians in Germany and Hong Kong have signaled their interest in adopting strategic Bitcoin reserves for their nations.
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Spot Bitcoin exchange-traded fund (ETF) issuer Franklin Templeton expects more nations to adopt strategic Bitcoin reserves in 2025, according to the company’s digital assets outlook. On Dec. 30, the ETF issuer published a list of predictions for next year, including its expectations for “several nations” to adopt Bitcoin BTC $94,087 reserves. Franklin Templeton said Bitcoin will solidify its position as a global asset that acts as a digital store of value. The ETF issuer said this will be accelerated by institutional and sovereign adoption. Source: Franklin TempletonWhile the ETF issuer did not provide details on which countries may adopt Bitcoin reserves, Franklin Templeton expects a “shift from speculation to utility” in 2025. The company said crypto’s foundational technologies will become integral to global financial systems next year. Related: Saylor floats US crypto framework with $81T Bitcoin reserve planHong Kong, Germany signals interest in Bitcoin reservesOn Dec. 30, Wu Jiexhuang, a member of Hong Kong’s Legislative Council, proposed adding Bitcoin to its national reserves for financial stability. Jiexhuang pointed to smaller nations like El Salvador and Bhutan, which have already adopted Bitcoin reserves, as examples for Hong Kong to follow.Jiexhuang also noted the market impact of the January approval of spot Bitcoin ETFs by the United States, which has bolstered institutional adoption. He also said that US President-elect Donald Trump’s proposal to make Bitcoin a strategic reserve asset could impact traditional markets. Bitcoin proponents like Strike CEO Jack Mallers say that Trump may issue an executive order designating Bitcoin as a reserve asset for the US. Similarly, in Germany, the Free Democratic Party (FDP) has expressed openness to adopting Bitcoin as a reserve asset.The FDP’s platform for the 2025 elections supports the use of distributed ledger technology and suggests the European Central Bank and the German Bundesbank consider Bitcoin to strengthen the resilience of the European monetary system.Christian Lindner, Germany’s former finance minister and leader of the FDP, criticized the German government for missing crypto opportunities and innovations. Source: Orangene OrangeLindner said that he had not heard a discussion about a crypto-friendly policy being implemented in the US, and how Germany could also gain the advantages that Bitcoin could bring. The ex-finance minister described this as a “failure,” emphasizing that they are missing out on this opportunity.
chumfm
2 days ago
Roger talks about everything other than what he previously stated and promised shareholders.He is now off on another tangent to yes,you guessed it,to increase shareholder value.Nothing that he's previously said has come too be,but don't fear,his new plan is iron clad.The share price will moon and everyone gets rich,so he says.I know I'm not holding my breathe.Good luck and good trading.
chumfm
2 weeks ago
And now in the 50 cent range.Look for another R/S followed by more dilution.That is the only way for Mr.Roger Hamilton to justify his diluting for his bitcoin fantasy.As mentioned before,why buy the stock,just buy bitcoin yourself.The share price will continue to fall.The only person profiting from this ATM is Roger himself.All the common shareholders are losing money each and everyday.Nothing he has said for the pass two years has come to pass.Still not trading ERL on the OTC,no dividends period,litigation non-existent and all these AI learning centers,where's the profits.Good luck and good trading.
chumfm
2 weeks ago
He keeps buying bitcoin at higher prices, yet says his average is going down.Not sure how that works,but again,never sure about anything they do.The dilution is killing the share price.Buy as many bitcoin you want, but if the share price drops and your share count increases,where is the shareholder value.Good luck and good trading.
tw0122
2 weeks ago
.70 dipping nicely .. Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $2 million to 214 Bitcoin for $20 million, at an average price of $93,586 per Bitcoin.
tw0122
3 weeks ago
.68 nice dip.. GNS Further to the previously reported issues related to the Company’s LZGI Asset Purchase Transaction, and in light of there being no out-of-court settlement reached to date with regards to the transaction, the Company’s Board has voted to proceed with arbitration to fully rescind ab initio the agreement and to pursue via the arbitration process the return of the 7.3 million ordinary shares in the Company issued and the $6.6 million in cash paid to date to LZGI as part of the transaction to the Company.
The Board further resolved that in the event the Company is successful in receiving back all or part of the 7.3 million ordinary shares related to this transaction, that these shares will be returned to the Company’s treasury, and the Company’s issued share capital will be reduced by the same number of shares.
The Board further resolved that in the event the Company is successful in receiving back all or part of the $6.6 million in cash related to this transaction, that this will be converted to Bitcoin as part of the Company’s Bitcoin treasury and the Company’s Bitcoin holdings will increase by the corresponding amount.
chumfm
3 weeks ago
Nothing new,happens everyday.The point is they only prosecute foreign enities or small fry.Have you ever seem a large corp or hedge fund go down.It just doesn't happen.No billionaires or large banks,unless your foreign,get dinged.This is the same in every country around the world,it's call protectionism.Nothing happens or will ever happen to the domestic companies.They know this and do whatever they want.You will see the odd fine and a slap on the wrist too say hey don't make it so obvious.In the end nobody loses their license to do business.These companies use that as an excuse for their businesses being non-profitable.GNS doesn't make money and never has.Last figure was minus $1.02 a share (-$1.02) with the split and more dilution it's probably more.The pivot to bitcoin did nothing to shore up finances in any way.It is just another bet on bitcoin going up,but also increases dilution.Bitcoin would have to reach $500,000 to break even.As an investor I see better opportuntities elsewhere.Good luck and good trading.
chumfm
3 weeks ago
As stated in an earlier disclosure,Mr.Roger Hamilton spews the same BS,time and time again.Each month your ERL dividends will be issued,never seen them yet.Each month another AI education center is opening,where are the financials.The only thing that really happens each month is the share price goes down.Mr.Hamilton has displayed and continues to display total disregard towards his shareholders.He has found his money making machine.Knowing that the company will fail,he has given himself a cushion.Paid by you,his bitcoin cushion will cement his spending habits.Promises,promises to no avail.Thanks Mr.Hamilton you screwed everyone again.Good luck and good trading.
tw0122
1 month ago
.74 SINGAPORE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $1.8 million to 172 Bitcoin for $15.8 million, at an average net price of $92,006 per Bitcoin.