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$2 Billion Bitcoin Withdrawn From Exchanges
Some $2.4 billion worth of bitcoin has been withdrawn from major crypto exchanges in the past week according to blockchain analytics.
2021-07-19 13:26:53 / Finance
Bitcoin Unmoved as Grayscale Unlocks $1 Billion Shares
Bitcoin’s price has remained at around $30,000 despite some 25,000 bitcoins being unlocked at Grayscale’s Bitcoin Trust (GBTC).
2021-07-19 13:26:53 / Finance
Interactive Brokers to Offer Crypto Trading by End of Summer
Interactive Brokers Chairman and CEO Thomas Peterffy announced the company will begin trading cryptocurrencies “by the end of the summer."
2021-07-16 10:03:53 / Finance
US Senator’s Advice: Buy, Hold, Save Bitcoin for Retirement as Congress Floods Economy With Trillions of Dollars
U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased.
2021-07-02 09:36:36 / Finance
What do the Experts Say
about Bitcoin ?
Al Gore
“When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the goverment …[that] is actually pretty cool.”
Bill Gates
Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”
Richard Branson
“Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.” [Source: Bitcoin.com]
“Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.” [Source: CNBC]
Eric Schmidt
“[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.” [Source: Newsbtc.com]
John McAfee
“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020…” [Source: twitter]
“It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.” [Source: RT YouTube]
Peter Thiel
“PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.”
[Source: Cryptocoinnews]
Milton Friedman
“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
