Gemini Mining is intended to be established as a Limited Liability Company in Idaho Falls,  Idaho 83401 with the expectation of annual expansion 
in the  cryptocurrency mining industry.      

Gemini Mining solicits financial backing in order to acquire the hardware and necessary  equipment to deploy 11 ASIC miners.

The Gemini Mining mission is to secure the blockchain through the operation of advanced  computing and ASIC mining hardware to generate a long term digital asset holding.

Gemini Mining requests a total of $300,000.00 in exchange for 50% equity ownership in the  company. The funding proceeds will be used for the  following purposes: 

Purchase of 11 ASIC miners and hardware necessary for deployment. Lease a suitable location for set-up and operation of mini mining center. 
Startup capital to get the operation up and running, including data center cooling and ventilation. This operation will be profitable upon completion of set-up.


Crypto Mining is extremely profitable. There are Mega operations making millions and continuing to add new hardware. I have been involved in the crypto industry since 2015.
 I want to start relatively small and reinvest for biannual growth. 

 

Systems Administrator: Frank Estrada

 He is a retired Army veteran who served in the 82nd Airborne Division. 
BS in Network Systems Security
AS in Computer Network Systems
 Completed a Novell Engineering course. 
Certifications include: 
CNE: Certified Novell Egineer 
MCP: Microsoft Certified Professional 
CCNA: Cisco Certified Network Administrator.  

He has over 26 years experience architecture/ engineering of networking infrastructure, project management, and operational process design.


The hardware used for mining are called ASIC miners. ASIC is Application Specific Integrated Circuit. 
The miners we will be acquiring for the operation are $23k each. At present the estimated daily profit for 1 of these miners is $137 after electricity cost. I have monitored the daily profit fluctuate from $100 up to $500 per day over the last 4 months.  
The initial purchase will be for 11 miners. 
per day 11 miners at $139 = $1529
per month = $45,870
per year = $558,085
With the momentum of the current bull run for Bitcoin, the potential for massive gains are highly probable. I am located in Idaho Falls, ID. This is an optimal region for such an endeavor. Idaho Falls uses hydro Electric power which is available at an extremely low rate.  Each miner uses 3425 watts. 
At .0625 per kwh that is 5.14 per unit
 x 11 = $56.54 per day 
$1696.20 per month.
The power consumption is already figured into to daily profitability.
 The miners  consume a lot of power and emit that equivalent in heat. Cooling and proper ventilation is top priority. Heading into 6 months of winter will be a huge benefit for cooling. Ultimately I would like to add new miners every 4 to 6 months.

Idaho Falls Power harnesses the power of the snake river to provide it's residents with clean, reliable, hydropower at a fraction of the standard electric rate.

 I am 100% available for any questions or concerns you may have. I have tons of additional information available upon request. The bottom line is that upon deployment these miners start generating revenue. 

Crypto Mining: What's the Purpose of Mining Crypto
People all around the world contribute their computer's power to a shared global computer  (blockchain) in exchange for payment. Mining is the process of contributing power, and  miners earn a network fee along with newly minted coins. Think about the blockchain like  Amazon Web Services, but powered by the people instead of Bezos.
No central company  or government owns or controls the blockchain, it's decentralized. 

Decentralized Anything not controlled by a single central entity or group. 

Blockchain A decentralized global computer assembled by people all over the world.  Accessible to anyone with internet connection and some money. 

Hashing Hashing is the process of compressing data into an irreversible jumble  of bits. Each set of data has a unique hash; changing the data will require computing a  new hash. 

Mining is the process of validating and recording new transactions on a blockchain, as well  as hashing them to prevent shenanigans from sliding under the radar. However, 
depending  on the consensus model of the blockchain, typically proof of work or proof of stake, the mining process will be different.

 

 

 SWOT Analysis 

Cryptocurrency mining has exploded over the past five years as Bitcoin, Litecoin Ethereum,  and related cryptocurrencies have become popular forms of this type of monetary transfer.  One of the key strengths as it relates to cryptocurrency mining is that these businesses are  generally always able to remain profitable and cash flow positive. Outside of the individual that owns this business, there is usually no need to have a large staff. The gross margins generated from operations is 100% given that once complex mathematical problems are solved, revenue is generated by receiving coins. The acquisition of cryptocurrency can allow for the rapid growth  of these businesses. 

For weaknesses, it is no secret that cryptocurrencies have extreme volatility. As such, the  underlying profitability of these businesses can vary on a day-to-day or even an hour by hour basis. The nascent nature of this industry has required entrepreneurs to be diligent in every aspect of operation. These businesses also have high operating cost especially from an energy standpoint given that high-speed processors are needed in order to effectively mine cryptocurrencies. 

As it relates to opportunities, more and more cryptocurrency businesses are expanding  their operations by acquiring additional equipment. One of the interesting things about  this industry is that many cryptocurrency miners are beginning to use wind energy and  solar energy to reduce and eliminate their underlying utility costs. As more  cryptocurrencies enter the market, there's a substantial opportunity to mine them as well. 

Cryptocurrency mining is a very unique and interesting business that is expected to  continue to explode over the next 10 years. While there are still a number of questions  regarding this industry and how it will grow, a qualified entrepreneur that has an  understanding of this market is poised to generate substantial revenues moving forward.

For threats, cryptocurrency mining now carries a substantial number of issues. Foremost,  this is an unregulated market which may face new legislation or regulation in the coming  years. As such, an entrepreneur that is engaging this activity should retain a qualified attorney to make sure that mining operations are done within the letter of the law all  times. Additionally, cryptocurrency miners do face issues regarding theft depending on how the currency is stored. As such, highly established procedures and protocols must be  implemented in order to ensure that issues pertaining to regulation, theft, or related issues are kept to an absolute minimum. 

 Adoption Rises with Steps Towards Crypto Integration 

Mastercard and PayPal are finally making moves to integrate Bitcoin into their service   offerings, following industry peers like Visa and Square. The news comes on the heels 
of a  major spike in crypto investments, as almost 60% of Americans who own a cryptocurrency  made their first purchase in 2020 or 2021. Following major corporations such as Square and Microstrategy, who have already  adopted Bitcoin as a valid form of payment, other large payment providers are beginning  to follow suit. Mastercard and PayPal are now taking their first steps towards  cryptocurrency integration, just shortly after Visa announced plans to do so. Crypto players Circle, BlockFi, and Coinbase are among Visa’s current partners, offering  cardholders the opportunity to buy, trade, and pay with their cryptocurrencies worldwide.  As two of the largest financial services companies in the world, Mastercard and Visa are  making it easy for anyone to make purchases and gain rewards using their own digital  assets. 

Outside of the financial sector, German brand Philipp Plein is about to become the first  luxury fashion brand to accept payment in cryptocurrency. They will be accepting 15  different forms of cryptocurrency and see it as a flexible payment tool in addition to standard cash payments. 

As more and more large companies accept crypto payments, hold Bitcoin on their balance  sheets, and endorse cryptocurrencies, widespread adoption continues to spread at a rapid  pace. 

Google has recently added a new crypto ad policy in the U.S. that allows crypto related ads  on its network, with certain rules and restrictions still in place. This will further exhibit  Bitcoin and other crypto exchanges to the public eye. The move is also a sign that, as  Bitcoin becomes a regular presence, stringent rules and regulations may be relaxed. 

In Uruguay, a bill has recently been introduced to regulate the usage of cryptocurrencies  as payment, making crypto assets recognized and accepted by law. If the bill passes,  cryptocurrency will still not be recognized as a legal tender but licenses will be granted to  trade, store, and issue crypto assets. The bill also touches on mining, where a permit will  be required from Uruguay’s Ministry of Industry, Energy and Mining in order for miners to  operate. 

The proposals and passing of bills as seen in Uruguay are further indicators of the  incorporation of Bitcoin into daily life as it becomes a more prevalent form of currency.  While worldwide adoption of Bitcoin has yet to plateau, those who take advantage of  purchasing and mining today could see massive gains as universal acceptance grows  closer. 

Anyone familiar with Tesla CEO Elon Musk is likely aware of his stance on cryptocurrencies  through his business decisions and various Tweets about crypto to over 59 million  followers. Tesla was briefly accepting Bitcoin as a form of payment before reversing the  decision due to environmental concerns, but the company still continues to hold around 

42,000 Bitcoin on their balance sheet. 

Elon Musk is among several celebrities who often talk about cryptocurrency on Twitter to  their huge followings. Jack Dorsey, CEO of both Twitter and Square, is a huge backer of  Bitcoin and consistently uses his Twitter account to share his opinion on crypto to his 5.6 million followers. 

Public figures taking advantage of their status to talk about cryptocurrencies are instilling  confidence in the masses to look into crypto as an investment, an alternative to fiat  currency, and a hedge against inflation. The heightened awareness of crypto is pushing  Bitcoin towards the point of being a long-term asset that is no longer an abstract concept  to the average person. 

As Bitcoin continues to flow into the mainstream through significant adoption and  integration by major service companies like MasterCard, the Future of digital coins is  looking bright. While purchasing Bitcoin can be a great investment, mining often provides  a better return on investment. With the global hashrate still low, mining difficulty remains  decreased and rewards relatively high.

Bitcoin was established in 2009 as the first cryptocurrency and immediately faced deep  backlash from mainstream entities, including the business and financial sectors, as well  as in the social zeitgeist. Fast forward to a little over a decade later, Bitcoin has reached  

a market cap of over $1 trillion USD in early 2021, with investors from all around the  world. Bitcoin has since seen significant development, rising to now appear on the  balance sheets of national financial institutions and globally recognized technology  companies. Claimed by its early supporters to be a beacon of innovation for the future, it  is already changing the ways in which payments are carried out for a variety of  transactions. Bitcoin is proving to fulfill the promises that were made with its inception;  as Dogecoin and other altcoins begin their ascent, the community of crypto enthusiasts  grows into the mainstream. 

It was an uphill battle for Bitcoin to reach where it is today, beginning with its first  economic transaction in 2010 at a Papa John’s for no more than two pizzas. This $25  transaction required 10,000 Bitcoins, which would carry a value of over $600 million in  early 2021. These first transactions occurred through arbitrary negotiations on internet  forums in exchange for goods and services. The door for adoption growth truly opened  when Bitcoin became available on public exchanges. As companies, universities, and  payment providers slowly began accepting Bitcoin as a form of currency, the mid 2010s were the setting for the slow but sure growth of cryptocurrency on a global scale. Amidst  this growth, the cryptocurrency faced intense criticism; complaints of it being a bubble  or a fraud were not uncommon and the cryptocurrency struggles to shake many of these  judgments to this day, despite its current record-breaking success. 

Bitcoin has no real utility: Those who hold this opinion often misunderstand that the  inherent value of cryptocurrency is that it provides a mechanism for making direct  payments without an intermediary, which has allowed many startups to create systems of  payment that are more equitable than the current remittance financial structures. It has  also proven itself for over more than a decade that it is an effective hedge against inflation. 

Bitcoin lacks tangible value: While it is not backed by fiat dollars or physical assets, Bitcoin  has a finite amount of coins in circulation which shelters it from inflation. This ensures that 
the coin cannot lose its value or depreciate, and is supported by miners who secure the system through their computational power.

Each of these statements attempted to incite doubt in the minds of early crypto adopters,  however it is clear that it was unsuccessful given that the coin is now widely accepted in  the mainstream. Companies have added it to their balance sheets, countries have made it  legal tender, it is accepted as payment from more and more firms around the world. The  support behind Bitcoin can no longer be shadowed by false criticisms in the media. 

Bitcoin paved the way for the now booming altcoin market to begin its ascent, yet as  altcoins walk the path towards legitimacy that Bitcoin is still fighting for, the media  continues to question the long-term vision for Bitcoin. These ‘memecoins’, which were  built upon the foundations laid by Bitcoin, have achieved varying levels of support.  However, many of the most experienced enthusiasts learn about the differences between  all of the different market alternatives and recognize their benefits. All coins are created  for their own purpose, respectively, with memecoins often in a completely different  category than Bitcoin. Dogecoin has inadvertently helped garner more widespread support  for Bitcoin, which has not only proven that it can rise, but that it will continue to infiltrate  untapped markets as the most reliable and mainstream cryptocurrency. 

Legendary Silicon Valley venture capital firm Andreessen Horowitz is betting big on  Bitcoin, unveiling a $2.2 billion cryptocurrency fund. On the heels of their announcement,  general partner Katie Haun boldly stated, “With crypto, we think that its potential for  growth is as big as the potential for the internet.” 

Haun, who will co-chair the new crypto fund, has an extensive history of success as a  venture capitalist and former crypto regulator and prosecutor, winning every case she  argued. Haun worked in the Justice Department for 11 years, spending the latter half of  her time immersed in the world of cryptocurrency. She now sits on the board of Coinbase,  the popular cryptocurrency exchange that went public in April 2021. She is also renowned  for becoming the first woman general partner for Andreessen Horowitz (a16z). 

Haun talked about her experience and interest when first getting into the cryptocurrency  realm from a regulatory standpoint: “I founded the U.S. government’s first cryptocurrency

task force out of the Justice Department and part of our job was to go meet with companies  or entrepreneurs in the space.” She was able to use blockchain technology to prosecute  double agents in a highly publicized case, and companies such as Coinbase with strong  compliant records were able to assist with the case. The vocal support of a public figure  such as Haun is a huge benefit for the crypto community, especially as her background can  soothe regulatory concerns of cryptocurrency. This is expected to make waves with  copycat investors who look to these public figures to find their next big payout. 

The vast majority of the $2.2 billion fund is “deployed into the tokens themselves, the  assets themselves now [including] Bitcoin or Ethereum, for example,” shares Haun. While  she cannot share the final numerical values, the firm has a “sizable position in both Bitcoin  and Ethereum”, which is great news for investors and miners of these currencies as the  firm has a strong history of hitting gold before other firms have even had time to find their  picks and shovels. This is the third cryptocurrency fund Haun will be co-leading for the  firm, with the initial two being worth $300 million and $515 million, respectively. 

"The size of this fund speaks to the size of the opportunity before us: crypto is not only the  future of finance but, as with the internet in the early days, is poised to transform all  aspects of our lives,” shared a16z in their Crypto Fund III announcement. The assurance  in the future of cryptocurrency from the firm has inspired confidence in mainstream  investors. 

The firms large investment into cryptocurrency is a great sign due to its extensive history  of early investments into booming companies and products. This traces back to the founder  and general partner Marc Andreessen, who released the first graphical browser in the 90s,  opening up the internet for people without computer science backgrounds. He made many  early predictions about the changes of technology into mainstream society, many of which  have come into fruition, such as the popularity of social networking sites, cloud computing,  and the interlocking relationship between browsers and operating systems. a16z, which  he founded with Ben Horowitz, has also been an early investor in companies like  Instagram, Groupon, Skype, and Pinterest. 

Forbes articulated Andreessen’s knack for finding untapped opportunities in 2012, saying:  “Andreessen has been consistently right about where things are going for 20 years… And  if you want to find the companies that will create the future? You could do worse than to 

just look at what Andreessen Horowitz is choosing to invest in.” This statement rings true  almost ten years later, shining optimism on the cryptocurrency world.

Despite Bitcoin price drops, a16z is going full speed ahead in its investment into the crypto space. For value investors in the crypto market, this bold play by an influential VC is a strong signal of the impending resurgence of Bitcoin’s price. Those who bet on Bitcoin during its last valley were richly rewarded as its price surged higher than ever.

Bitcoin mining presents an even more attractive opportunity: using long-lasting equipment to generate brand new Bitcoin. With mining difficulty dropping precipitously, the timing couldn’t be better as miners earn almost a quarter more Bitcoin. This approach can generate a larger, more stable return on investment compared to direct purchases of tokens, and with a smaller upfront cost.

For those hoping to take advantage of the reliable and increasing profits of mining, it’s   important to get ahead of the curve and purchase your equipment while or if it’s available.

 

 
Where Is The Smart Money Going With Hyper Inflation?

The U.S. has seen a huge rise in inflation rates in the past year, most prominently as a result of the economic impacts of the COVID-19 pandemic. Trillions of newly printed dollars have been injected into economies around the world, including the United States. While this is a good temporary fix to the shrinking economy, there are potentially massive downsides to this hyper-injection of currency.

If you live in a country that is beginning to show signs of hyperinflation, it’s important to hedge your money to ensure that it retains, and ideally gains, value. Not bound by borders or tied to any country’s currency, Bitcoin is a great hedge against inflation. Purchasing or mining Bitcoin will result in owning a currency that does not depreciate in value, offering relief in light of such economic impacts.

Inflation is measured by central banks by calculating the rise in the average price of a basket of goods and services. The rate of inflation can rise for numerous reasons, but it ultimately relies on a greater demand for goods and services, or the devaluation of currency through the introduction of more money into the economy by central banks, as explained in a recent report by longtime crypto exchange operator Kraken, titled Inflation: The Insidious Thief. When the money supply is increased by central banks, it causes greater demand for goods and services which can cause a spike in price.

Hyperinflation occurs when a central bank injects too much money into the economy too quickly, causing prices to rise upwards of +50% per month. The most recent case of hyperinflation was in Venezuela, where the monthly inflation rate increased by nearly 350,000% in February of 2019.

High levels of inflation create unstable environments for not just consumers, but also banks, governments, and the economy as a whole, directly affecting participants in the global economy.

With consumers struggling to get by, they tend to pull more of their money out of banks and deposit less. This limits a bank’s ability to loan money, resulting in higher interest rates and less operating power over time. While inflation rises and the interest rates for a bank’s active loans must remain the same, this means the bank is receiving less value for their gained interest.

 

With citizens losing trust in institutions such as banks due to imposed sanctions, inflation rates, and exchange rate policies, Bitcoin brings economic empowerment and can fuel economic growth independently from fiat currency. Bitcoin has a different set of rules and a different trajectory than the U.S. dollar or any other country’s currency, providing an effective hedge against the inflation of any national currency.

As production and spending decrease due to rising prices, the government sees a decline in tax revenue, forcing them to cut costs and run at a deficit. As the government continues to run at a deficit, more money is often released into the economy which further increases inflation. El Salvador, following an economic crisis, adopted the U.S. dollar in 2001. This made them susceptible to U.S. imposed economic systems and sanctions, which has had a negative effect on the region. They have since passed legislation that could potentially make them the first country to make Bitcoin legal tender. This plan aims to create jobs and provide financial inclusion to the many citizens in the country who don’t have access to formal bank accounts.

The effects of inflation on government are no modern development, with powerful institutions such as the Ottoman Empire facing the economic repercussions of inflation that resulted in frail traditional industries, and the eventual demise of the empire itself. Such moments throughout history act as an ongoing reminder of the significant influence currency debasement can have on global economies, no matter how strong and stable they may seem.

Inflation can have multiple negative effects on consumers, beginning with a large decline in purchasing power. Those affected the most are consumers with a lower socioeconomic status who keep most of their savings in cash.

As purchasing power falls, the value of this fiat currency also declines. Those who invest money in scarce assets such as Bitcoin and real estate can see a large gain as the demand for these commodities rises; Bitcoin’s reputation as a significant player in economic empowerment continues to stem from its real-world usability as it blends into traditional fields of assets and investments, including real estate.

As prices rise and the value of fiat currency depreciates, you need a solution to protect yourself and your assets. This can be done by securing your money in investments that appreciate with inflation. There are several options including gold, real estate, and Bitcoin. These assets are not dependent on the price of common goods and services, and are not directly affected by the government injecting more money into the economy.

Gold has been used throughout history as a hedge against inflation because of its price stability, scarcity, and fungibility. But with advancements in technology and a growing interest in the decentralization of currency, Bitcoin seems to be a growing choice for investors as a hedge against inflation. Contrary to popular belief, it also has a lower environmental impact than the gold mining industry.

Sometimes referred to as digital gold, Bitcoin’s computer code ensures that it has similar properties to the precious metal. It is scarce, supply inflation-resistant, highly fungible (just like gold), and it is also fully decentralized. One potential issue with gold is that there are methods of purchasing it that are not fully guaranteed, such as paper gold and ETFs. Unless you physically own the metal at home or in a storage location, your gold is not 100% guaranteed to be yours. The decentralization of Bitcoin on a blockchain ensures that it belongs to you and cannot be stolen, misplaced, or tampered with.

Many billionaires, among others, have been purchasing large amounts of Bitcoin in the past year as a hedge against potential inflation. This “smart money” league includes investor Paul Tudor Jones, Microstrategy’s Michael Saylor, and Tesla’s Elon Musk. These investors are helping to solidify Bitcoin as a legitimate inflation hedge by publicly placing their confidence in the cryptocurrency.

While buying cryptocurrency is a great option, there is another huge opportunity on the rise. The crackdown on bitcoin mining in China has caused a major drop in global hashrate, making Bitcoin mining much more profitable than it was just a few months ago. With displaced Bitcoin miners moving out of China and looking for new accommodations, 

With the “smart money” going into Bitcoin for the long term, Bitcoin mining solutions could be the hedge against inflation you are looking for.

With the effects of the COVID-19 pandemic still wreaking havoc on the U.S. economy, concerns of a default have already been raised by U.S. Treasury Secretary Janet Yellen. An abundance of money has been printed in the U.S. in the past two years; 2020 alone saw a monumental jump in the USD M2 money supply.

With debt obligations growing larger and larger, another round of printing may be the only way that a U.S. Treasury default is avoided. Even the mere threat of a default can have hugely detrimental impacts on the economy, motivating investors to transition their money out of equities. The printing of more money is inevitable, as are the problems that will come with it.

Alternative assets are becoming an increasingly attractive hedge against the printing-field U.S. economy and the rising chances of a default. Due to it’s fixed supply schedule, Bitcoin is an extremely enticing hedging option.

Since the beginning of the COVID-19 pandemic in early 2020, the U.S. has been printing record amounts of money to keep the economy alive. By the end of 2020, almost 22% of the U.S. dollars in circulation had been printed that year alone. Rising along with the money supply has been public debt across the U.S., with a massive rise in the public debt-to-GDP ratio leaving America in a constant bleed of money, owing more annually than it can produce.

The rise in debt has led to growing concerns from many key governmental authorities, namely the U.S. Treasury Secretary Janet Yellen. Yellen has recently warned Congress that the country is headed towards a default, and may be “unable to meet its obligations for the first time in our history.” She has called for a raise in the debt ceiling, advising that, if it is not raised, it “would likely cause irreparable damage to the U.S. economy and global financial markets.”

The U.S. dollar has been the world’s most dominant reserve currency for several decades, currently making up nearly 60% of international foreign currency reserves. It became the preferred reserve currency following World War II when the USD was still tied to gold and central banks around the world could sell their U.S. dollar reserves at a fixed rate for gold.

USD remained the most prominent reserve currency even after Nixon ended the Gold Standard in 1971. Since the stability of the global currency reserves is relied upon worldwide for all aspects of the global economy, a default could see the global reserve holdings of the U.S. dollar take a massive hit as another more stable currency takes control. With approximately 40% of the world’s debt being denominated in U.S dollars, the world may never trust the USD as a dominant reserve currency again if the U.S. Treasury incurs a default.

The national debt ceiling has been raised over 100 times throughout history, giving the U.S. a break on debt obligations to save the economy from instability. However, each time the ceiling is raised, the debt continues to mount, and inflation grows with it. This seemingly endless lifting of the national debt (and money supply) shows an increase in the relative attractiveness of a currency that has a set minting limit and supply schedule.

Inflation rates have faced their own significant impact as a result of the COVID-19 pandemic. While, in the United States, this rate has looked gradual, taking a look at housing price patterns since the 1960s demonstrates a consistent trend in the increase of such prices. Despite minimum wage and family incomes increasing over the years, the gap between salaries and real estate prices continues to grow wider, meaning some individuals and families will have a harder time catching up. Should a family income of $100,000 increase by 25% to reach $125,000, a home price of $500,000 will increase by the same percentage to reach a whopping $625,000. Looking at the dollar value, American citizens would have to work for a few more years to afford the same house they could have attained the year before.

However, how you store your down payment could work in your favor. Holding USD for your down payment would result in your home-owning dream getting further away from you as inflation rises, while holding your down payment in Bitcoin may actually see the realization of this dream much sooner. Holding it in Bitcoin may not only keep the value of your down payment stable, but it would also provide the promising opportunity of seeing its value increase and catch up to nationally rising housing rates. Consider this scenario: had you invested $50,000 into BTC when it was trading at $5,000, and sold it when it hit a trading price of $50,000, you would have made enough to pay for a $600,000 home without the need to add any funds in addition to your original $50,000 down payment.

Maintained by distributed computers worldwide, Bitcoin does not rely on the strength of any one economy, and its value cannot be tampered with to fulfill any country’s obligations or provide solace to a struggling nation. While that may not be helpful to some groups, it does mean that investments in Bitcoin can keep their value worldwide even if one currency is to see a drastic fall in value.

Should the USD fall from grace, it would likely raise the demand for a hard money asset such as Bitcoin. The unchangeable scarcity and required Proof-of-Work of the Bitcoin system could prove it to be an amazing hedge against the threat of a U.S. Treasury default.

Moreover, the U.S. Government recently announced plans to combat tax evasion through the introduction of a financial surveillance system that aims to keep an eye on almost all non-cash financial transactions. Backed by President Joe Biden, this financial surveillance regime looks to get reports of the inflows and outflows of all financial institutions.

While this system is still in its infancy and will require much approval, the inclusion of crypto exchanges in the surveillance proposal was an interesting development. If anything, this inclusion shows that the government may be anticipating a growing importance and integration of Bitcoin and other crypto currencies, and are preempting it with a surveillance program before mass adoption. 

A U.S. Treasury default may not happen today or in the near-term future, but as the money supply grows and debt continues to rise, the event becomes more and more likely. Following a default, we could see the value of BTC to USD go parabolic, as money scrambles into hard assets as the government behind the world reserve currency fails to meet its debt obligations.

Bitcoin price has climbed massively since central banks began printing more and more money in response to the COVID-19 crisis, and the bottom of the last BTC cycle even took place in March 2020, which is when governments began taking more serious measures. Owning a Bitcoin miner is one way you can get exposure to further price increases. Since the bottom of March 2020, the vast majority of miners have vastly outperformed those that have simply bought and held their BTC investment. 

The progress of Biden’s Infrastructure bill will require more money to be printed in order to support the bill, creating even more inflation. This will mount more debt, further increasing the likelihood of a US Treasury default. The best way to get ahead of this likely outcome is to invest in Bitcoin mining today, before the situation in the U.S. exacerbates.