Texas Teens Earn $30k Mining Crypto And Cuban Bitcoin Entrance Rumor

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Bitcoin failed to break the $50k level for a few days in a row now, leaving the world’s biggest crypto trading sideways between $45k and $50k. At the time of writing is trading at $47.3k.

Ethereum is stealing the show, currently 9% up and trading above $3,500.

Dutch crypto analist Michael van de Poppe remained confident though that Bitcoin will shortly break to a new ATH. He said:

We clearly stated that $51,000 is the level that Bitcoin has to break through.

If that happens, we most likely are going into a new impulse wave back to $58,000 at first and then probably a new all-time high.

Texas teens earn $30k per month mining crypto

Crypto is gaining steam with youngsters apparently. A story on CNBC went viral overnight. It showed to teens in Texas (aged 14 and 9 only) who had invested their savings in a crypto mining installation.

Youngsters Ishaan and Aanya (living with their parents in Frisco, Texas), reconverted their gaming computer into a crypto mining platform.

Ishaan said:

Crypto mining is just like mining for gold or diamonds. Instead of using shovels, you mine with computers. Instead of finding a piece of gold or a diamond in the mine, you find a cryptocurrency.

“Each month, the siblings make over $30,000 mining three digital coins: Bitcoin, Ether, #Ravencoin.”

“Crypto mining is just like mining for gold or diamonds,” Ishaan says.

Yes, indeed. #BTC is Digital Gold. $RVN 💎 is Digital Diamond 💎. https://t.co/SkskKNleDw

— Blockchaintiger.rvn - Joshua (@blockchaintiger) August 31, 2021

By now, this earns them a cool $30,000 per month. Not bad.

Half of my heart

Havana, ooh na-na, half of my heart is in Havana, ooh na-na. Camilla Cabello sang it right and I must admit that I haven’t been lured to Cuba so much since The Godfather II, when a much younger Al Pacino showed the swinging life of the island life south of Florida.

And now, seeing how popular Bitcoin has become in Miami, where a large expat population of Cubans have settled, looks like the main island is ready as well.

Just like more and more middle American countries (see El Salvador as a case in point) are being introduced to the use of cryptocurrencies, so has the communist government of Cuba now also seen the light apparently.

NEW - Cuba’s government says it will “recognize and regulate” #bitcoin and other cryptos - Bloomberg pic.twitter.com/NGdP13rWVk

— Bitcoin Magazine (@BitcoinMagazine) August 27, 2021

A resolution published last week in Cuba’s Official Gazette claimed that the central bank would be responsible for determining who should get the crypto licences, guided by the “socio-economic interests” of the country.

The document furthermore stated that cryptocurrencies are the:

Digital representation of value that can be traded or transferred digitally and used for payments or investments.

What that means is that in a few years time you’ll be able to pay for your Cuban hotel in Bitcoin, Dogecoin or other cryptocoins probably. And then you’ll be singing Havana, ooh na-na ….