Bitcoin on Bull Ride

Bitcoin on Bull Ride situations

By Yugocean | Crypto Champion | 26 Nov 2023


     The price of bitcoin is currently hovering at 37k. Recently, positive and negative situations have started going on about what will happen with halving.


Positive situation in Argentina

     Javier Milei has become the President of Argentina, and he has announced the abolition of the central bank. With this, the CBDC will cease to exist in Argentina. Without a central bank, Argentina will become a place of dominance for Bitcoin, which could impact all of Latin America, from El Salvador to Argentina.


Nagetive situation in United States 

     The US government's attack on Binance has caused a stir. Binance may have to sell the bitcoins of its international investors to pay the US government. The buyers are companies like BlackRock and Microstrategy that want to monopolise Bitcoin. The increasing demand for ETFs is also happening to bring Bitcoin under the control of companies.


Neutral Situation in Bitcoin 

     Investment in industries is not bad; such investment speeds up industrialization, and investors also get benefits from it. Once the paper currency had replaced the metal currency, this time the digital currency was replacing the paper currency, so it is wise to invest in Bitcoin. We should buy our bitcoins without objecting to the buying of bitcoins by industries.

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Yugocean
Yugocean

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Crypto Champion
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