Businesses accepting Bitcoin
I am compiling a directory of retailers who accept Bitcoin.
Discover local, national and international growers, artisans who believe in the hardest money ever discovered. Move over gold, Bitcoin has arrived.
It may sound bizarre to most reading that a funny internet money is gaining such traction. Wasn't it boiling oceans and funding terrorism just the other day on the BBC?! It is no secret that every new asset has its issues, but those criticisms are so silly. I say let's ban pens because they are used by terrorists! And those issues, even if you expand the grain of truth in them to a giant size fooball, are tiny compared to the issues that Bitcoin is solving.
Anyway...
- if you own stocks or have a pension, however small your stake, there is a new metric in town that you might want to take note of - sats/share. Thanks to innovator Microstrategy's Michael Saylor, it's the future already here on Wall St. It will be coming to a stock market near you.
- there is the Bitcoin Strategic Reserve concept that all businesses large, medium and minuscue should start thinking about ahead of the curve.
- and for businesses to start small in Bitcoin, check out this super simple way into zapping sats. That page has all the info you need to start from zero.
Bitcoin Strategic Reserve
If you run a company of any size, start building your Bitcoin Strategic Reserve. Accumulating Bitcoin in your company treasury is the best way to confront inflation, that's to say, the best way to preserve the energy you are expending on building and running your business.
A Bitcoin Strategic Reserve is a concept generally applied to nation states and large institutions, whereby governments, central banks, or other large institutions hold Bitcoin as part of their official foreign exchange reserves, similar to how they hold other reserve assets like gold, US dollars, or other major fiat currencies.
The idea of a Bitcoin Strategic Reserve is currently more theoretical than practical, especially at the US state level.
The term was briefly mentioned by former US President Trump at the 2024 Bitcoin Conference in Nashville, preceding an announcement of a Bitcoin Act Proposal by Senator Lummis of Wyoming. However, this remains a proposal rather than an implemented policy.
It's important to note that Bitcoin adoption typically starts from the bottom up, rather than being first embraced by the wealthiest nations. In 2021, El Salvador became the first country to adopt Bitcoin as legal tender, and more recently, Bhutan has reported holding over $1 billion in Bitcoin from its mining operations.
Meanwhile, individuals like Samson Mow have been working to promote Bitcoin adoption globally, including with a presidential hopeful in Suriname. However, there is no widespread evidence of nation-state adoption of Bitcoin, especially among G7 countries or the world's reserve currency issuer, the United States and the adoption of Bitcoin by major economies and global financial powers is likely to be a slower and more gradual process.
However you are hearing the term not only referenced by businesses like Strike, a small but important player in the defi world, but actually being implemented by them too.
Small, medium or large, LFG along this path too!
