SatsSpend - Australian Bitcoin Business List
HardBlock has initiated a community project to maintain a list of Australian businesses that accept bitcoin. The aim is to establish and encourage a circular economy in which Australian bitcoiners can more easily spend their "Sats" with bitcoin businesses (and so bitcoin businesses get the support they deserve!).
Note: Sats is the name of the smallest denomination of bitcoin. There are 100,000,000 Sats in 1 bitcoin. For example, 0.00001000 BTC/bitcoin is equivalent to 1000 Sats.
Check the list out if you're looking for places to spend your Sats. Please contact us if you know of any other bitcoin businesses which should be added to the list!
Bitcoin Headlines
Feeling time-poor and want to listen to (rather than read) the latest bitcoin global news? We hear you! You can listen to the Australian Bitcoin Podcast's most recent news episodes for a summary of the stories listed below (specifically: Episode 6 and Episode 11).
Global News
- United States Consumer Price Index (CPI) reaches 40-year high of 7.9% year-on-year in February, while annual Producer Price Index (PPI) soars to 10.0% at the same time
- El Salvador is thriving since adopting a bitcoin standard, recently reporting a record-setting Gross Domestic Product (GDP) growth of 10.3% in 2021
- Laguno (in Switzerland) is moving towards adopting a bitcoin standard, including integrating Lightning Network payments for merchants, providing tax incentives for bitcoin businesses, and starting bitcoin mining
- South Korea's new President has vowed to deregulate bitcoin and introduce favourable tax laws
- Russia is considering selling its oil and natural gas for bitcoin, as monetary and trade sanctions intensify from the West
- ExxonMobil has established a deal with Crusoe Energy to use excess gas from oil wells in North Dakota to run bitcoin miners, and they are considering expanding the pilot program to four other countries
- Intel has released their own bitcoin mining chip technology and plans to have an improved second version out later in 2022
Australian News
- Australian inflation pushes housing market out of reach for 70% of middle income earners
- Australian Senator Andrew Bragg proposes sweeping legislative changes that he hopes will lay the groundwork for a new Digital Asset ecosystem down under
- Arkon Energy (a green energy bitcoin miner) sets a new Australian seed funding record of $2.6 million
- Iris Energy (an Australian renewable energy bitcoin miner) expands their operation with $71 million worth of new equipment
- Mawson Infrastructure (a bitcoin miner in Australia) reported its 2021 Q4 revenue increased 79% from 2021 Q3 and they have plans to increase their mining equipment by 10% during 2022
Price Analysis – Bitcoin Price Mostly Unaware of Recent Bullish News
During the first week of March, bitcoin’s price went from a high of around AU$62,483 to the monthly low of AU$50,393. In the final few weeks of March, the price of bitcoin gradually trended back upwards until setting a new monthly high of AU$62,943. It's worth noting that bitcoin's March price action set both a higher high and a higher low compared to the values seen during February, which may signal a bullish trend reversal from the downtrend that has been ongoing since November 2021.
On a Lighter Note - Stay Humble and Keep it Simple When Discussing Bitcoin
As bitcoin adoption news accelerates and price continues its upward trend, you'll likely have an overwhelming urge to talk the ear off anyone who'll listen to your thoughts about bitcoin. Try not to use "I told you so" statements or complicated explanations. Stay humble and keep it simple!
If you're keen to hear how the Chief Bitcoin Officer of Perth Heat convinced his organisation to adopt a bitcoin standard, then check out this recent Australian Bitcoin Podcast episode: