Fast Fact #1:

The Department of Defense engages in wargames based on rebellions relying on bitcoin.

Fast Fact #2:

The U.S. Marine Corps has prohibited Marines from using their mobile devices to mine for bitcoin.

Fast Fact #3:

The Red Cross accepts charitable donations in bitcoin.

Fast Fact #4:

The Federal Election Commission allows political contributions in Bitcoin.

Fast Fact #5:

The Office of the Comptroller of the Currency says national savings banks and federal savings associations can provide bitcoin custody services for bank customers.

Fast Fact #6:

Ohio lets businesses pay taxes in bitcoin.

Fast Fact #7:

Congressman Tom Emmer of Minnesota said, “Bitcoin isn’t going away. It will continue to become more and more important. You just watch, it has value, when something has value, people are going to take risks and it’s going to advance. I think we’re just moving into that next phase, which is why crypto, the area, excites me.”

Fast Fact #8:

Wyoming gave crypto exchange company Kraken a bank charter that’s recognized under federal and state law, making it the first regulated U.S. bank to provide comprehensive deposit-taking, custody and fiduciary services for digital assets. Customers can bank seamlessly between digital assets and national currencies. They can pay bills and receive salaries in bitcoin, and incorporate bitcoin into their investment and trading portfolios.

Fast Fact #9:

Former Acting White House Chief of Staff Mick Mulvaney joined the board of the Chamber of Digital Commerce. Visa and Goldman Sachs are joining its Executive Committee. Other board members include Chris Giancarlo, former chair of the Commodity Futures Trading Commission, and Blythe Masters, former head of global commodities at J.P. Morgan.

Fast Fact #10:

The European Union unveiled an initiative to establish the most world’s most comprehensive rules for bitcoin, allowing its use while offering consumer protections.

Fast Fact #11:

The IRS has revised Form 1040; the first question is now: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”

Fast Fact #12:

Bitcoin’s use as a payment system ($1.3 trillion annual transaction volume) exceeds that of Discover ($200 billion) and PayPal ($600 billion). (ArkInvest)

Fast Fact #13:

Visa says: “Digital currencies have the potential to extend the value of digital payments to a greater number of people and places. As such, we want to help shape and support the role they play in the future of money. We want to provide a bridge between digital currencies and our existing global network of 61 million merchants.”

Fast Fact #14:

Mastercard says digital asset companies can use its network to issue credit cards based on bitcoin, saying, “The currency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy.”

Fast Fact #15:

PayPal now allows its 325 million users make purchases via bitcoin and use it with the 24 million merchants on its platform.

Fast Fact #16:

The Association of Governing Boards of Universities and Colleges says bitcoin may produce the world’s first trillionaires in the next decade.

Fast Fact #17:

The university endowments of Harvard, Yale, MIT, Stanford, Dartmouth, UNC and others all own digital assets.

Fast Fact #18:

Renaissance Technologies, one of the largest hedge funds in the world, revised its Form ADV so it can engage in bitcoin futures transactions.

Fast Fact #19:

Hedge fund manager Paul Tudor Jones says has placed almost 2% of his assets in bitcoin, saying bitcoin might “end up being the best performer” in his portfolio.

Fast Fact #20:

A report by JPMorgan Chase says the performance of bitcoin during the Covid-19 crisis suggests it has “longevity as an asset class.”

Fast Fact #21:

MicroStrategy has invested $425 million in bitcoin as a “capital allocation strategy.”

Fast Fact #22:

94% of asset managers hold digital assets. (State Street Global)

Fast Fact #23:

Former Prudential Securities Chairman George Ball says bitcoin or other digital assets are “very attractive” and predicted that many people will soon invest in this asset class.

Fast Fact #24:

Coinbase has more account holders than Schwab: 35 million vs. 14 million.

Fast Fact #25:

The top 5 stock holdings of Millennials are (in order) Amazon, Apple, Tesla, Facebook and the Grayscale Bitcoin Trust. Millennials own more bitcoin than they own stock in Berkshire Hathaway, Disney, Netflix, Microsoft or Alibaba. (Schwab)

Fast Fact #26:

In Q2 2020, Signature Bank received $1 billion in deposits of bitcoin.

Fast Fact #27:

5% of Americans own bitcoin. (Global Blockchain Council)

Fast Fact #28:

Fidelity has launched the Wise Origin Bitcoin Index Fund, a bitcoin index fund for wealthy investors. Fidelity CEO Abby Johnson says, “Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors.”

Fast Fact #29:

Bitcoin’s global market cap is a fraction of other asset classes–only $180 billion, compared to $230 trillion for real estate, $86 trillion for bonds, $68 trillion for stocks, $17 trillion for art and $9 trillion for gold. (Fundstrat)

Fast Fact #30:

Bitcoin is the best-performing asset since its inception, and for the past 1-year, 3-year, 5-year and 10-year periods as of October 2020. (OffTheChainCapital)

Fast Fact #31:

J.P. Morgan says “the potential long-term upside for bitcoin is considerable if it competes more intensely with gold as an “alternative currency” noting that bitcoin’s market cap would rise 10x to match private sector investment in gold ETFs, bars and coins. “Even a modest crowding out of gold as an alternative currency would imply doubling or tripling of the bitcoin price.”

Fast Fact #32:

Square bought $50 million of bitcoin, 1% of its assets.

Fast Fact #33:

Fidelity released a 40-page Bitcoin Investment Thesis: Bitcoin’s Role as an Alternative Investment. “Bitcoin is a unique investable asset with compelling differences relative to traditional asset classes.”

Fast Fact #34:

Ark Investments says Bitcoin’s market cap is currently $200 billion and will be between $1 trillion and $5 trillion within the next five to ten years. That’s as much as a 2500% gain, or 250% per year.

Fast Fact #35:

Coinbase now offers “instant” withdrawals via Visa debit card or Mastercard credit card. You can convert your bitcoin into dollars everywhere Visa is accepted, for a 1.5% fee.

Fast Fact #36:

AICPA has released a 40-page set of guidelines for accountants: Accounting for and Auditing of Digital Assets.

Fast Fact #37:

JP Morgan released a report saying bitcoin demand is rising among institutional investors, asset managers and family offices, noting they appear to be the biggest investors in GBTC. The report says the potential long-term upside for bitcoin is considerable: bitcoin would have to rise 10x to match the total investment in gold.

Fast Fact #38:

Billionaire hedge fund manager Stanley Druckenmiller announced in November 2020 that he owns bitcoin and predicted it will outperform gold.

Fast Fact #39:

Bill Miller, famed member of the Legg Mason Value Trust who beat the S&P 500 15 years in a row–a record, said in November 2020 that bitcoin’s staying power gets, “better every day and its risks of going to zero are lower than ever. The story is very easy. It’s supply and demand. Bitcoin’s supply is growing around 2.5% a year and the demand is growing faster than that. Everybody is going to want to own some bitcoin.”

Fast Fact #40:

Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, was a top contributor ($5.2 million) to Joe Biden’s 2020 presidential campaign. Many believe Biden will be receptive to policies supportive of digital assets.

Fast Fact #41:

Square generated $1.6 billion of bitcoin revenue in Q3 2020–11x more than the prior year.

Fast Fact #42:

Brazil says it will launch its own CBDC by 2022. Consumers in that country have opened more than 100 million digital savings accounts.

Fast Fact #43:

SEC chair Jay Clayton, who opposed approval of a bitcoin ETF, is leaving the SEC Dec 31, 6 months sooner than his term ends. Gary Gensler, former chairman of the Commodity Futures Trading Commission, is leading Joe Biden’s financial policy transition team. He’s crypto-friendly: Last year, he wrote that bitcoin’s underlying blockchain technology is a “catalyst” for change, arguing, “we already live in an age of digital money.” Wyoming voters elected Cynthia Lummis to the Senate. She’s an early adopter of Bitcoin–she first bought it in 2013, according to her financial disclosure statement. Wyoming is a leading proponent of crypto: the University of Wyoming announced in November that it’s launching the Center for Blockchain and Digital Innovation to help students study cryptocurrency and blockchain technology, and the state recently awarded a bank charter to a cryptocurrency business – a first. And Sam Blankman-Freed, who contributed more than $5 million to Joe Biden’s presidential campaign, is sure to have Biden’s ear – and he’s the founder of a cryptocurrency exchange. All this points to federal advancement of blockchain and digital assets.

Fast Fact #44:

Nouriel Roubini, professor of economics at New York University and one of crypto’s fiercest critics, now says bitcoin is “maybe a partial store of value.”

Fast Fact #45:

Bloomberg launched in November 2020, an index tracking the performance of bitcoin: The Galaxy Bitcoin Index.

Fast Fact #46:

The China Construction Bank sold $3 billion in bonds in November 2020. Foreign investors buy the digital bond for as little as $100–with bitcoin. The bonds mature every 90 days and pay 0.75%.

Fast Fact #47:

European Central Bank president Christine Lagarde said in November 2020 the ECB is “very seriously” looking at the creation of a digital euro. Lagarde said the pandemic has caused many structural changes including the way “we work, we trade, and we pay,” noting that e-commerce rose by almost 20% since the pandemic started.

Fast Fact #48:

Thomas Fitzpatrick, global head of Technicals at Citibank, says bitcoin will hit $318,000 by December 2021.

Fast Fact #49:

Top 3 Japanese banks and more than 30 major Japanese companies announced that they will jointly test a digital currency in 2021.

Fast Fact #50:

Ricardo Salinas Pliego, Mexico’s third-richest person who’s worth $12 billion, has revealed that he has 10% of his liquid assets in bitcoin. He says he first invested in 2016.

Fast Fact #51:

ARTCELS, the world’s first art investments digital platform, released in November 2020, a digital coin called ARTEM. It lets you buy fractions of artworks that are each valued at more than $1 million. It operates on an iPhone app.

Fast Fact #52:

Square’s app is buying the equivalent of 40% of all newly issued bitcoin. PayPal, which recently began letting users buy, sell and pay for purchases with bitcoin, is already buying 70% of the new supply of bitcoin. There are 100 million bitcoin owners; PayPal has 300 million active users. Big demand. Limited supply.

Fast Fact #53:

SEC Chair Jay Clayton, said in November 2020, that inefficiencies in the global payments infrastructure are boosting bitcoin’s rise.

Fast Fact #54:

ARK Investments, CEO Catherine Wood, said in November 2020 that involvement of institutional investors could drive Bitcoin to $500,000.

Fast Fact #55:

In 2020, 30% of the stocks in the S&P 500 were more volatile than bitcoin, according to Factset.

Fast Fact #56:

Coinbase is now on list of Apple Store’s top 100 free apps.

Fast Fact #57:

Visa CEO Alfred Kelly says the company is working with 25 crypto firms. In the future, he says, “We could see digital currencies running on the Visa network on a more regular basis. We are certainly open to any vehicle that helps facilitate the movement of money around the world. We want to be in the middle of it.”

Fast Fact #58:

Rick Rieder, Fixed Income CIO at BlackRock, told CNBC in November 2020 that bitcoin is “here to stay” and could rival gold as a primary “store of value.”

Fast Fact #59:

Bitcoin’s market cap is now bigger than JP Morgan, MasterCard, PayPal, United Health, Home Depot, Disney and Nvidia. Source: AssetDash

Fast Fact #60:

Students at Oxford and Cambridge, famed for crew and their annual boat race, are now engaging in algorithm trading competition to see who can make the most money trading bitcoin. Fifteen teams are. Competing with seed capital by organizers. The winning team gets to keep its profits.

Fast Fact #61:

Niall Ferguson, Senior Fellow at Stanford University, told Barron’s in December 2002 that the best investment opportunity coming out of the pandemic will be bitcoin.

Fast Fact #62:

S&P Dow Jones will launch cryptocurrency indices in 2021, saying reliable pricing data will make it easier for investors to evaluate and access the new asset class and reduce risks.

Fast Fact #63:

In November 2020, BlackRock CEO Larry Fink, said bitcoin is “here to stay.” A month later he added that growing popularity of digital assets is having a “real impact” on the U.S. dollar, making it “less relevant” for foreign holders of dollar-based assets. At an industry event, he asked, “Does digital currency change the need for the dollar as a reserve currency?”

Fast Fact #64:

A 17-year-old artist from Nevada created a digital painting of the NYC skyline. IT sold for more than $21,000 in an online auction held on Nifty Gateway, a blockchain art platform. Artists can submit their work as tokens on the blockchain; each token is one of a kind and cannot be deleted or copied.

Fast Fact #65:

MicroStrategy, which earlier invested $425 million into Bitcoin, bought another $50 million of bitcoin in November 2020, and says it plans to sell $400 million in convertible bonds–and will use the proceeds to buy more bitcoin.

Fast Fact #66:

Institutional investors put $429 million into cryptocurrency funds in the first week of December 2020, the second highest inflow on record. The record of $468 million was set 3 weeks earlier.

Fast Fact #67:

Airbnb is going public and told the SEC in its filing that, “our future success will also depend on our ability to adapt to…tokenization…cryptocurrencies…and blockchain technologies….”

Fast Fact #68:

Rumors abound that universities plan to launch their own tokens. Instead of a parent saving money in a 529 plan, they could buy the tokens to lock in current tuition rates. In the future, the tokens could be traded on the open market if the child doesn’t attend college.

Fast Fact #69:

MassMutual bought 100mm in Bitcoin in December 2020, and invested $5 million into NYDIG, the digital asset subsidiary of Stone Ridge, which manages $10 billion in alternative assets.

Fast Fact #70:

In December 2002, Bridgewater Associates Founder Ray Dalio changed his mind about bitcoin. The founder of the world’s largest hedge fund now says bitcoin and other digital assets have “established themselves” and are interesting “gold-like asset alternatives,” adding that, “the main thing is to have some of these type of assets in one’s portfolio and to diversify among them.”

Fast Fact #71:

Fidelity Digital Assets will let institutional customers borrow against their Bitcoin, up to 60% of its value. To get a loan, a Fidelity customer must have an account with BlockFi.

Fast Fact #72:

JPMorgan in December 2020 said gold will suffer for years because of bitcoin. It notes that bitcoin is 0.18% of family office assets, compared to 3/3% for Gold ETFs. Tilting from gold would transfer billions of dollars to bitcoin.

Fast Fact #73:

Bank of America warned in December 2020 that digital euro would cut into commercial bank deposits and harm the banks. Although a digital euro would cut costs and complexity for individuals, but it would also reduce the need for third parties like banks. “A [digital euro] could prove a convenient substitute.”

Fast Fact #74:

State Street, which manages 10% of the world’s assets, has invested in Lukka, a cryptocurrency data provider.

Fast Fact #75:

Sweden announced in December 2020 it is exploring a move to a digital currency. The review will be completed by November 2022. Its central bank is already running a pilot project with Accenture on electronic krona using the same blockchain technology of Bitcoin. In Sweden, less than 10% of all payments are made with cash, making it the world’s most cashless society according to the Bank for International Settlements.

Fast Fact #76:

MicroStrategy says it raised in December 2020 $650 million, up from $400 million, in a convertible senior note. It will place the entire proceeds will into bitcoin.

Fast Fact #77:

A Canadian mutual fund company launched a bitcoin fund in December 2020. U.S. investors cannot buy it.

Fast Fact #78:

CBOE announced plans in December 2020 to launch cryptocurrency indexes in Q2 2021.

Fast Fact #79:

Ruffer, a big London investment firm, invested $744 million in December 2020 – 3% of the firm’s assets under management. Ruffer called the investment “primarily a protective move for portfolios to act as a hedge against risk.”

Fast Fact #80:

Germany said in December 2020 that will allow securities to be issued on the blockchain, bypassing traditional investment banks.

Fast Fact #81:

Kashmir Hill, a New York Times reporter, says that as part of research she was doing on bitcoin in 2013, she bought dinner for 60 people at a sushi restaurant in San Francisco. She paid 10 bitcoin for the meal. As of December 2020, that amounts to a $230,000 dinner.

Fast Fact #82:

Guggenheim Investments says bitcoin will hit $400,000 due to its scarcity and relative valuation as a percentage of GDP. The firm, which manages $5.3 billion, told the SEC in December 2020 it will invest up to 10% of its fund into the Grayscale Bitcoin Trust.

Fast Fact #83:

Coinbase, biggest crypto exchange announced in December 2020 that it plans to go public.

Fast Fact #84:

Christopher Wood, global head of equity strategy at Jefferies, cut his exposure to gold in December 2020 for the first time in years in favor of bitcoin and said he’s initiating a 5% holding of bitcoin.

Fast Fact #85:

Square said in December 2020 that its Cash App generated $1.6 billion of bitcoin revenue, up 11x from year-ago. Square now offers bitcoin-back rewards in its loyalty program.

Fast Fact #86:

MicroStrategy in December 2020 says it now has $1.6 billion invested in bitcoin.

Fast Fact #87:

BlackRock, the world’s largest money manager with $8 trillion in assets, announced in December 2020 that it’s hiring a Vice President for blockchain. The role will make investments in digital assets and blockchain firms.

Fast Fact #88:

Proving that he knows nothing about digital assets and hasn’t bothered to try gaining any knowledge about them,) Nouriel Roubini, professor of economics at NYU, said in December 2020 that bitcoin has no place in portfolios. He said it offers “no utility” and the “bubble is going to go bust.”

Fast Fact #89:

Anthony Scaramucci’s hedge fund, SkyBridge Capital, filed documents with SEC to launch a bitcoin fund. It will be available only to accredited investors. Minimum investment: $50,000.

Fast Fact #90:

Elon Musk in December 2020 said the Mars economy will be based in digital assets.

Fast Fact #91:

Residents of the Chinese city of Shenzhen were invited by the government to play the lottery for free in December 2020 – and 100,000 won. Each received $31 in digital currency and were told they could spend the coins at any of 10,000 local merchants. To do so, the lottery winners download an app and create a digital wallet. The lottery was a program of China’s central bank, to help consumers grow comfortable using the bank’s CBDC, known as Digital Currency Electronic Payment or digital yuan.

Fast Fact #92:

VC firm Greenpro Capital announced the launch of a bitcoin fund in January 2021.

Fast Fact #93:

Russell Okung, a Pro Bowl tackle for the Carolina Panthers, became the first NFL player to be paid in bitcoin. Starting in 2021, the team is paying him in dollars and Okung converts his pay to bitcoin using Zap.

Fast Fact #94:

The Office of the Comptroller of the Currency announced in January 2021 that federal banks can make payments using the blockchain and stablecoins. OCC says blockhain “may be more resilient than other payment networks.”

Fast Fact #95:

Joe Biden appointed Gary Gensler as chair of SEC. Gensler taught courses on digital assets and blockchain at MIT.

Fast Fact #96:

Mark Cuban announced in January 2021 that he’s owned bitcoin it for years and has never sold any of it.

Fast Fact #97:

Anthony Scaramucci’s hedge fund, SkyBridge Capital, crashed the internet when it staged a webinar launching the firm’s new bitcoin fund. More than 6,000 people tried to sign join the call.

Fast Fact #98:

On Oct. 29, 10 days before his death, Jeopardy host Alex Trebek recorded one of his final shows. Bitcoin was the answer to, “A Satoshi is the smallest unit in this currency system.” The show aired January 8, 2021.

Fast Fact #99:

The state-owned Agricultural Bank of China now has ATMs that let citizens deposit and withdraw China’s digital currency.

Fast Fact #100:

Pakistan announced in January 2021 that it is building two bitcoin mining plants.

Fast Fact #101:

The IMF, which as 174 member countries, said in January 2021 that only 40 have laws allowing their central banks to issue digital currency. The IMF says to expect substantial legislation broadening government authority worldwide.

Fast Fact #102:

The Osprey Bitcoin Trust (OBTC) launched in January 2021 with a 0.49% fee – the first salvo in a coming trade war that will lower prices for investors.

Fast Fact #103:

In January 2021, the U.S. Office of the Comptroller of the Currency gave a national trust charter to Anchorage – a custodian for bitcoin. Anchorage is thus the first national “digital asset bank” in the U.S. Anchorage can now serve as a Qualified Custodian, meaning it can maintain client funds and hold securities.

Fast Fact #104:

Goldman Sachs said in January 2021 that it is preparing to seek permission to serve as a custodian for digital assets.

Fast Fact #105:

Italian soccer giant AC Milan, a 7-time Champions League winner, announced in January 2021 that it is launching a digital token. Fans will get voting rights, VIP rewards, “super-fan” recognition, promotions, games and chat forums.

Fast Fact #106:

Iran, which operates a bitcoin mining operation with China, said in January 2021 that it is suffering huge blackouts because of the energy usage of the project.

Fast Fact #107:

The former prime minister of Canada said in January 2021 that bitcoin could be used as a reserve currency. Stephen Harper, who is also an economist, said, “If you have a digital currency and the purpose of the central bank is to control inflation, then digital currency is just an evolution of the marketplace.”

Fast Fact #108:

Figure, which offers mortgages using blockchain technology, closed $100 million a financing facility from JPMorgan in January 2021. The facility will allow Figure to provide conforming and jumbo mortgages. Its use of blockchain tech lets it issue mortgages and loans at greater speed and reduced cost.

Fast Fact #109:

BlackRock announced in January 2021 that it’s adding bitcoin futures to two of its funds – the first time the world’s largest ($8.7 trillion) asset manager is offering clients exposure to digital assets.

Fast Fact #110:

Sequoia, which provides software to the Defense Department, is letting employees receive a portion of their salary in bitcoin.

Fast Fact #111:

Asset management firm Valkyrie in January 2021 applied to the SEC for a bitcoin ETF, to be called the Valkyrie Bitcoin Trust.

Fast Fact #112:

Press reports in January 2021 say Harvard, Yale, Brown, University of Michigan, Stanford, Dartmouth, MIT and the University of North Carolina all own bitcoin in their endowment funds.

Fast Fact #113:

Bitwise’s 2021 survey shows that the number of advisors placing digital assets in client portfolios rose 49% over the prior year, from 6.3% to 9.4%. Another 17% of advisors who do not currently allocate say they will do so by year-end.

Fast Fact #114:

Binance reports that more than 100 million people now own digital assets.

Fast Fact #115:

The Bank for International Settlements said in January 2021 that a fifth of world’s population will be using central bank digital currencies within three years.

Fast Fact #116:

Bridgewater Associates founder Ray Dalio wrote in February 2021 that, “Bitcoin is one hell of an invention.”

Fast Fact #117:

Visa CEO Alfred Kelly said in February 2021 that the company plans to let its customers buy digital assets and use them to make purchases via its credit cards

Fast Fact #118:

BlockFi registered a Bitcoin Trust with the SEC in February 2021.

Fast Fact #119:

Elon Musk tweeted in February 2021, “I am a supporter of bitcoin,” he wrote, adding, “I was a little slow on the uptake. I think bitcoin is on the verge of getting broad acceptance by conventional finance people.”

Fast Fact #120:

January 2021 trading volume on cryptocurrency exchanges was $900 billion, beating all previous records.

Fast Fact #121:

Switzerland’s new blockchain law allows for tokenized assets. The first product came to market in January 2021: investable wines. People can hold, trade or request physical settlement.

Fast Fact #122:

Glenn Hutchins launched a VC crypto fund in February 2021 with investors billionaire Paul Tudor Jones, former Pepsi CEO Indra Nooyi, LL Cool J, Apollo Group co-founder and billionaire Josh Harris, venture capitalist Geoff Yang, former Twitter COO Anthony Noto, Florida Panthers owner Vincent Viola, and Joe Moglia, former CEO of TD Ameritrade.

Fast Fact #123:

Arcane Crypto, which develops projects focused digital assets is now listed on Sweden’s stock market – ticker ARCANE

Fast Fact #124:

NYDIG, which manages $6 billion in bitcoin for institutional investors, says it will hold $25 billion for such clients by year-end

Fast Fact #125:

Sen. Cynthia Lummis (R-WY), a strong supporter of digital assets, has been appointed to the Senate Banking Committee

Fast Fact #126:

CalPERS increased its stake in Riot Blockchain (RIOT), a bitcoin miner, in Q4 2020. Its stake is now worth $2 million, up from $50,000 in Q3.

Fast Fact #127:

Visa announced a partnership with Anchorage Bank to help customers trade digital assets. Visa invested $40 million in the bank.

Fast Fact #128:

MicroStrategy, which has $1.6 billion of its reserves in bitcoin, pitched its strategy to executives of 1,400 public companies in February 2021