Bitcoin Has Rapidly Created 31,000 New Jobs In The US
February 18, 2025 at 11:03 AMby The Block Whisperer
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Bitcoin is creating 31,000 mining jobs in the US, as states eye it as a reserve asset. With institutional money pouring in and legislation backing it, crypto's mainstream moment is
Bitcoin is doing what it’s been doing best as of late – holding below $100K and keeping us all on the edge of our seats.
But forget the price for a second – there's something way more interesting cooking.
The OG crypto is actually putting food on American tables, creating a whopping 31,000 jobs in the mining sector alone.
This is partly thanks to the now-massive number of US states eyeing Bitcoin for their reserves.
That's right – actual government bodies are considering holding Bitcoin like it's the new gold.
Actual legislation is backing up these moves, and all that talk about Bitcoin being digital gold may very well have been right all along.
And despite this bullish news, Bitcoin continues to hold its own in the $90-100K range – so far it’s been avoiding its usual roller-coaster drama.
The total market cap is sitting pretty at $2 trillion, showing that institutional money isn't playing around anymore with an asset class of this size.
Yet we've got some potential market movers on deck that may shake up this comfy range.
FTX's upcoming payout is on the horizon, Trump and Elon are speculating about Bitcoin’s role in the future of America, and those FOMC minutes are dropping sooner than you might expect.
When Brevan Howard dumps $20 million into an Ethereum project like Kinto, everyone needs to pay attention.
We’re no longer talking about a niche industry powered by ideologically-motivated cypher punks.
The suits are here, and they're writing serious checks.
Could this be... the moment crypto finally goes mainstream?
Indian authorities just seized $190 million from the BitConnect mess, showing we're not completely out of the woods with fraud, but clawing back that capital shows that the industry is starting to develop some sense of justice.
And now we’ve got thousands of legitimate jobs and state governments getting involved, further legitimizing the entire asset class.
Traditional finance and DeFi are starting to look like two sides of the same coin – the former brings the pedigree and expertise while the latter brings the innovation and future-proofing.
The walls between old money and new money are coming down, brick by brick.
We're watching Bitcoin transform from "magic internet money" into a serious economic force, and when you're creating more jobs than some Fortune 500 companies, you can't be ignored anymore.
Just remember – this market still moves at a snail's pace… until it doesn’t.
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