Price: $10,844 | Block: 650739
Canadian Firm 3iQ's Bitcoin Fund Listed on Gibraltar Stock Exchange - Since the epic Bitcoin bull run of 2017 & the bear market of 2018, Institutional interest is now at the point where most of the stock exchanges around the world have their own Bitcoin Fund. As a collective, the amount of fiat-on-ramps compared to the last hype cycle has increased monumentally. In 2017, the price of Bitcoin soared from $1,000-$20,000 USD (2000%) within the period of a year - this was only with a small percent of retail speculation. If Bitcoin's legendary 4 years cycle plays out again, we may well be standing at the bottom of Mt. Everest - Bitcoin may soon climb it.
Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation - As I've said in a previous article - Top 10 Reasons To be Forever Bullish on Bitcoin. "Bitcoin is 10 times better than gold, despite what Peter Schiff will tell you - As our economy continues to move onto the internet, so will the currency. Each day our lives are based around the internet in some way shape or form. This will only increase with time and advancements in technology. Bitcoin is compatible with AI, robots & drones. In a digital age, it seems ridiculously impractical to buy gold as a hedge to hyperinflation, now that Bitcoin is here. Basically the only benefit gold has, it's shiny and fun to look at i.e jewellery & gold bars. Yes it has a history of value spanning thousands of years, but does that really count when there's something that clearly competes with it's value on so many levels. Bitcoin has an immense amount of intrinsic value. You get all the benefits of gold, plus a tonne more. Bitcoin is gold 2.0. Say you need to flee your country because your government is corrupt. You sell your house and put all your savings into gold. This is extremely risky - it is impossible to properly conceal & secure. Like gold, Bitcoin has a entire network of people who place value on it. Value is in the eye of the beholder. Bitcoin is noticeably better than gold because; It is easily transferable, infinitely divisible, more fungible (Who accepts gold as payment & Bitcoin is much easier to verify as genuine), it cannot be seized & can be easily secured. I can walk through airport security with 12 words memorized in my head & then open up a wallet, transfer the funds to an exchange or pay someone directly, then continue living. No one can stop you."
Could tax-free Bitcoin be one of 2020’s hottest trends? - Interesting concept, just sounds like an exotic tax loop-hole though. I think 2021 will be the year people go around the laws. Enough money is being printed so why are we still paying taxes? People are fed up with the Fed & many are broke. In my humble opinion, once the Lightning Network gains significant traction, people will send & receive Bitcoin on it by default. Lightning transactions are private & hidden within an on-chain multi-signature address - there's no public record of it. See my article - Bitcoin Should Be Your First Priority, Privacy Second. If they don't discover Lightning, Taproot should be enabled on chain within the next 6-12 months - Increased privacy for Bitcoin. The innovation cannot be stopped, only slowed.
Steve Mnuchin is the face behind the brrr - the money printers. I have one word for this tweet - Hypocrisy. There was a study done recently - less than 1% of Bitcoin transactions found to be linked to criminal activity. The US dollar literally funds wars & terrorism. It's used for every illicit activity under the sun. Half the banknotes have traces of cocaine. Look at this tweet above then skim-read this article - FinCEN files? Here's what to know about the leaked documents tying Wall Street banks to possible money laundering.
Laughable.
Onwards! It doesn't matter what comes out in the news, any Bitcoin related news is good for Bitcoin. Why? because any marketing is good marketing. More people are waking up to the inevitability of Bitcoin.
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