The British gold mining company Bluebird Mining Ventures announced that it will convert revenues from projects in South Korea and the Philippines into bitcoin. This is the first public miner in the UK to choose $BTC as a reserve asset, calling it 'the digitization of gold.' As of June 6, 2025, Bluebird's shares soared 60–63% the day after the announcement, although they are still down ~14% over the year (data from Yahoo Finance). #BitcoinRising
Why this decision? ⚡ Bluebird believes that gold is losing its role as a 'safe haven' due to the increasing popularity of $BTC. Key reasons:
• Inflation and US debt ($36 trillion, 130% of GDP).
• Geopolitical instability and central bank policies.
• Limited issuance of $BTC (21 million coins) against gold, which continues to be mined. The company sees $BTC as protection against depreciation and a way to attract investors. #DigitalGold
What do we know about Bluebird? ⛏️
• Projects: Gubong and Kochang (South Korea), Batangas (Philippines), reserves ~1.8 million ounces of gold.
• Model: joint ventures, where local partners finance ($9 million raised), while Bluebird provides expertise.
• Plans: hire a CEO with cryptocurrency experience to strengthen the strategy.
• Focus on low operating costs to accumulate $BTC.
How will this affect the markets? 📊
• Crypto: Bluebird's decision is a signal for institutional investors. If the trend is picked up by other miners, $BTC could jump to $120k by the end of 2025, $ETH to $4500, $SOL to $250. For instance, Metaplanet (Japan) achieved a 225% profit from $BTC, while MicroStrategy added 705 BTC for $75 million.
• Shares: Bluebird's growth (+60%) shows investor interest in 'gold + $BTC'. But the annual drop (-14%) serves as a reminder of the risks.
• Risks: Volatility of $BTC (price $105,816, +0.7% over 24 hours) and regulatory barriers could hit Bluebird's reserves. Failure of the deal in the Philippines would reduce revenues for conversion to $BTC.
My opinion 💭 Bluebird is making a bold move by choosing $BTC over gold at a time when the dollar is losing trust. This could set a trend for miners, but the risks are high: a drop of $BTC to $80k or project issues could hit the company. For traders, this is a signal to monitor Bluebird's deals, especially in the Philippines, which will provide liquidity for $BTC. #CryptoFuture
Forecast 🔮
• Short-term (Q3 2025): $BTC to $110k, if the Bluebird trend is picked up by others. $ETH to $2800, $SOL to $200. Entry points: $BTC ~$100k, $ETH ~$2500, take-profit $115k and $3000. Bluebird's shares could add 20% if the deal in the Philippines closes.
• Long-term (2026): QE from the Fed ($1–2 trillion) could push $BTC to $150k. However, a correction to $80k is possible if a recession hits (60% chance, according to Musk).
• Risks: Regulatory pressure, failure of Bluebird's deals, falling gold ($2650/ounce) due to rising treasury yields.
Conclusion 📝 Bluebird sees $BTC as 'new gold', and this is a bullish signal for crypto. But don't rush with FOMO: wait for clear entry points ($ETH ~$2440, $SOL ~$170). Whales may use the hype to drive prices, so keep risk management in mind and take profits wisely! #BitcoinVsGold #CryptoTrend #Investments