• Texas is quickly becoming the new home for Bitcoin mining. Spur, Texas is the on forefront of this new industry as it welcomes Argo Blockchain to Dickens County. Sen. Ted Cruz recently said,“I would like to see Texas become the center of the universe for bitcoin and crypto.” There is a “very natural synergy,” Cruz said, between blockchain and the state’s ethos. Gov. Greg Abbott also tweeted the state soon “will be #1 for blockchain & cryptocurrency.”
• The number of billionaires who have invested in crypto increased in 2021, and that trend could continue into 2022 as fears over fiat currency (governmentissued currency that is not backed by a commodity such as gold) intensify. They are changing their stance and are viewing crypto investments as“alternative money” in a world where “cash is trash” with inflation eroding purchasing power.
• Alan Konevsky of PrimeBlock predicts for 2022, “We’re going to see more countries adopting crypto as a legal currency. We’re also going to see central governments coming out and taking their own currencies and putting them on a blockchain.”
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