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indeed now some countries are thinking about making this bitcoin legal in their country for my transaction tool the same as the applicable money, and this is certainly good news
#166 - June 18, 2021, 12:45:07 PM

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After El Salvador, there are now Paraguay who is weighing making Crypto assets into transaction tools in their country. According to Coindesk, next month, Congress member Paraguay Carlos Rejala plans to submit a bill to attract international mining companies and other crypto businesses.
Hopefully with some countries that legalize Bitcoin makes other countries do the same thing, so that later Bitcoin can be used in all countries and have clear regulations
#167 - June 23, 2021, 02:37:59 AM

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Australia is set to launch its first bitcoin ETF next week. An easy profit would be to buy BTCUSD with a forex broker and hold the trade long term.
#168 - April 19, 2022, 12:43:40 PM
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Bitcoin news in crypto trading is an important factor that can impact the price and overall market sentiment. There are various sources for Bitcoin news, such as mainstream media outlets, dedicated cryptocurrency news websites, and social media platforms. News events that can impact the price of Bitcoin include regulatory changes, adoption by major corporations or institutional investors, network upgrades, and market trends. Traders and investors closely monitor Bitcoin news to make informed decisions about buying and selling, as well as to gain insight into the overall health and direction of the cryptocurrency market.
#169 - March 03, 2023, 09:49:27 AM

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A spot Bitcoin ETF was approved today in the USA. It is supposed to start trading tomorrow. This could make the price rise alot in the years to come.
#170 - January 10, 2024, 10:12:48 PM

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The report from JPMorgan released on Thursday indicates that Bitcoin has become more popular than gold in investors' portfolios, thanks to its continuously soaring price.

As a mainstream cryptocurrency, Bitcoin has long been compared to gold, with some considering it as a digital version of the precious metal. Initially, gold's proportion in investment portfolios was expected to be higher than Bitcoin's, given that an estimated $3.3 trillion is allocated to gold investments. However, JPMorgan suggests that when comparing the nominal amounts of these two assets, Bitcoin's allocation seems lower as its market capitalization is only $1.3 trillion. Therefore, theoretically, Bitcoin's value could still rise by 153% to reach the level of gold.

"However, this calculation overlooks an important factor, which is risk," JPMorgan stated. Due to Bitcoin's volatility being approximately 3.7 times higher than that of gold, analysts argue that expecting Bitcoin to match gold in nominal amounts in investors' portfolios is unrealistic.

In other words, if cryptocurrencies are indeed viewed as a digital analogy to gold, investors would consider its volatility and allocate a smaller proportion to it in their portfolios. However, according to the report, if this were the case, Bitcoin's total value would not exceed $900 billion, and its price would hover around $45,000 instead of the current nearly $67,000.

Therefore, the report concludes that from a volatility-adjusted perspective, Bitcoin has already occupied a larger position in investors' portfolios than gold. This suggests that investors have varied reasons for purchasing Bitcoin. The report states, "In other words, Bitcoin's current price above $66,000 implies that the implied allocation to Bitcoin in investors' portfolios has exceeded that of gold adjusted for volatility."

Bitcoin's price briefly surpassed its all-time high of $69,000 earlier this week before retracing some gains. The price of gold has also hit a new record, currently exceeding $2,160 per ounce. Although both assets benefit from speculation about the Fed's potential interest rate cuts this year, Bitcoin has gained additional momentum due to the upcoming halving event and the recent introduction of Bitcoin spot ETFs. According to JPMorgan's data, the total inflow into these Bitcoin ETFs has reached $9 billion, although not all of these funds may be entirely new. Using gold ETFs as a reference, the size of Bitcoin ETFs could eventually reach $62 billion.

Analysts suggest,"this represents a realistic target for the potential size of Bitcoin spot ETFs over time, possibly achieved within two to three years, with much of the implied net inflows representing a continuous rotation of funds from existing vehicles and venues to Bitcoin ETFs."
#171 - March 08, 2024, 02:03:03 AM

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Today Microstrategy  bought over 1 billion USD worth of Bitcoin. This is a huge buy signal!
#172 - September 13, 2024, 07:53:43 PM

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Bitcoin's journey is fantastic, the best price of $110K can be achieved in 2025.
#173 - December 23, 2024, 05:24:04 PM

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BTC has been on a decline after making a high, I expect BTC to see a higher price increase for 2025. short term investment that I can suggest
#174 - December 28, 2024, 06:40:14 AM
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A possible US Bitcoin reserve has been in the news a lot lately. While some see this as bullish news, I would say this is bearish news. Consider these reasons:

  • Trump wants to cut costs and reduce debt. So he most likely will not be buying Bitcoin. I do not think he ever mentioned buying Bitcoin either. It's just assumed this is going to happen.
  • Where did their current holdings of Bitcoin come from? It was seized! They can seize it from everyday people who evaded taxes. They can seize it from other criminal acts too. It happened before and still happens.
  • They are not buyers and do not add to the bullish pressure on Bitcoin. They receive Bitcoin that was already bought from someone else. So ownership is simply changing hands. However, the US can sell the Bitcoin whenever they need to.

As of January 8, 2025: The Department of Justice has been cleared to sell $6.5 billion worth of Bitcoin from seized Silk Road assets. This will most likely happen on Biden's watch in the next 1.5 weeks.
#175 - January 09, 2025, 12:20:22 PM
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BTC/USD Update

I was mistakenly assumed 91k as #BTC bottom , but as always something needs to go wrong!
#Bitcoin had a false break down to 89k for couple of minutes!
Now we're headed towards 118k ~ 120k range.
This week will be interesting !

#176 - January 17, 2025, 05:52:49 PM

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