In brief
The first batch of stimulus checks were processed at the weekend.
A survey by Mizuho Securities found that a lot of people will be investing.
And those investing are mostly keen on investing in Bitcoin.
The stimmies are coming. Eligible Americans have started receiving their $1,400 stimulus checks as part of President Joe Biden’s $1.9 trillion COVID-19 relief package. 

But what will they be spending it on? 

A significant amount of people may be planning to spend it on Bitcoin. That’s according to a new survey by investment banking firm, Mizuho Securities, as reported today by Yahoo Finance. 

Could Bitcoin Ever Go To Zero?
Bitcoin h ... Read more »

Category: News | Views: 317 | Added by: rozhkovagency | Date: 15.03.2021 | Comments (0)

Many define bitcoin as digital gold, but the comparison is exaggerated since the two assets are not a substitute for one another, said RBC Capital Markets.

"Gold and bitcoin are often likened to gold and digital gold. Of course, they are both 'mined,' but solid lines are often drawn when comparing the two as assets in public discourse, and we think this is overdone," said RBC Capital Markets strategists, including Christopher Louney.

The comparison has often led to arguments that bitcoin is stealing attention away from gold, connecting gold's underperformance to bitcoin's massive rally. But that is not really the case, according to the RBC report.

"Those looking for a stateless asset wi ... Read more »

Category: News | Views: 278 | Added by: rozhkovagency | Date: 15.03.2021 | Comments (0)

Given the events so far this year, regulation of these topics is likely top of mind for policymakers under Biden, according to experts.
March 15, 2021 By Nicole Casperson Nicole Casperson      4

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As fintech innovation moves at an accelerated pace after a year of pandemic-driven lockdowns, regulators are, per usual, catching up. 

A lot has happened since President Joe Biden’s administration was ushered into the White House nearly two months ago: Social media and online trading apps fueled the GameStop frenzy, Bitcoin prices reached all-time highs and the entrance of new robo-advisers is makin ... Read more »

Category: News | Views: 295 | Added by: rozhkovagency | Date: 15.03.2021 | Comments (0)

A senior Indian government official has informed Reuters that the nation of India is set to propose a law banning cryptocurrencies. The bill would be a major blow to the industry, as it would reportedly penalize anyone holding, trading or mining digital assets, including bitcoin.

Three years ago, the Reserve Bank of India (RBI) attempted to ban cryptocurrency by inhibiting banks from doing business with companies in the industry. Although India’s supreme court struck down the ban in 2020, it now appears that a new, even stricter ban will soon be proposed.

“The senior official told Reuters, however, that the plan is to ban private crypto-assets while promoting blockchain — a secure database technology that is the backbone for virtual currencies but also a system that experts say could revolutionise international transactions,” Reuters reported.

This coincides with recent speculation that India is considering releasing its own central ba ... Read more »

Category: News | Views: 379 | Added by: danyagames2007 | Date: 15.03.2021 | Comments (0)

Bitcoin retreated from record highs on Monday as one of the world’s biggest economies reportedly considered banning cryptocurrency altogether.

The world’s largest and oldest digital currency was trading at $56,626.27 as of 11:14 a.m., down 5.7 percent from a day earlier and 8 percent below the all-time high of $61,556.59 it reached on Saturday, CoinDesk data show.

The dip followed a report that India would propose a law making it illegal to possess, trade or issue any cryptocurrency, which would cut off access to a massive market for the burgeoning crypto industry.

If it’s enacted, the measure would give India one of the world’s strictest policies against cryptocurrency as officials there look ... Read more »

Category: News | Views: 285 | Added by: rozhkovagency | Date: 15.03.2021 | Comments (0)

BTC Price

Buy Bitcoin
Despite this growth, Bitcoin’s detractors have long argued that it's only a matter of time before it collapses back to zero.

Former Bitcoin Cash proponent Calvin Ayre stated in July 2020 that Bitcoin is worthless, while Berkshire Hathaway CEO Warren Buffett told CNBC that he views all cryptocurrencies (Bitcoin included) as worthless. (Buffett's business partner Charlie Munger has called Bitcoin "rat poison" and "turds.")

But in recent months, there's been a flood of institutional investment in Bitcoin, with companies including MicroStrategy, Tesla, Square, and Aker ASA buying Bitcoin for their corporate treasuries. Meanwhile, Bitcoin exchange-traded products have boomed, with the launch of Canada's Purpose Bitcoin ETF marking the first such product to be established in North America.

Such institutional investment is widely thought to have prompted Bit ... Read more »

Category: News | Views: 365 | Added by: danyagames2007 | Date: 15.03.2021 | Comments (0)

A French parliament member has signed a petition to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.”

Petition to Allow Central Bank to Buy Bitcoin

Jean-Michel Mis, a member of the French National Assembly, the lower house of parliament, announced in a tweet Friday that he has signed a petition to amend the laws to enable the Banque de France, the country’s central bank, to buy and hold bitcoin, as well as other cryptocurrencies.

The petition residing on the Fre ... Read more »

Category: News | Views: 225 | Added by: 4zvezda | Date: 15.03.2021 | Comments (0)

Tim Bond, a portfolio manager at Odey Asset Management, has warned that bitcoin is pointless, calling the cryptocurrency “a particularly vile asset class.” He claims that bitcoin has no real social utility other than as a tool for speculation and a means to launder the proceeds of crime.

Fund Manager Sees Bitcoin as a Vile Asset Class

Tim Bond, a partner and portfolio manager at Odey Asset Management, warned about bitcoin in a recent interview with Marketwatch. Established in 1991 by billionaire Crispin Odey, the firm currently has over $3 billion in funds under management.

Before joining Odey Asset Management in 2010, Bond spent 12 years at Barclays Capital as managing director and hea ... Read more »

Category: News | Views: 229 | Added by: 4zvezda | Date: 15.03.2021 | Comments (0)

Some people mine Bitcoin for profits but some some people mine it for politics. The operator of a Bitcoin mining pool (a group of miners who work together to share the profits) quoted in CoinDesk recently says that some are investing not to convert electricity into cash but for other reasons “such as to avoid capital controls or avoid sanctions”. Indeed. And this has some serious implications. The Foundation for Defense of Democracies (FDD), a Washington think tank, summarised the emerging situation rather well in their position paper “Crypto Rogues“. They noted that “blockchain technology may be the innovation that enables U.S. adversaries for the first time to operate entire economies outside the U.S.-led fin ... Read more »

Category: News | Views: 284 | Added by: danyagames2007 | Date: 15.03.2021 | Comments (0)

Major League Baseball franchise Oakland Athletics is allowing fans to purchase full season suites for the 2021 regular season for one Bitcoin, or $64,800.

The suites seat six, which adheres to California guidelines, and include snacks and access to a private restroom.

General stadium seating is limited to fans in pods of two or four, due to current COVID-19 rules, with suites providing an option for groups larger than four.

The Oakland Coliseum will be able to hold 20-per-cent capacity to start the season.

Six-person private suites for individual games at the 63,132-capacity ballpark are also on sale now for $594 for select April games.

“We invite our fans to become the first Bitcoin suite holde ... Read more »

Category: News | Views: 260 | Added by: danyagames2007 | Date: 15.03.2021 | Comments (0)

These recent price bumps have been good news to Tesla and its CEO, Elon Musk, who recently bought $1.5 billion worth of Bitcoin, as reported in its filings with the United States Securities and Exchange Commission. According to analysis, the surge in bitcoin prices has seen Tesla’s investment increased by over 70%.

BTCUSD Chart By TradingViewWhile the company did not disclose the exact value, it bought the bitcoins for, at $60,000, the company is estimated to have made $1.2 billion on its investments. Given that the company bought bitcoin in January, it is estimated to hold slightly over 35000 to about 50,000 bitcoins as per bitcoin prices at the time.

According to records from previous years, it is likely that the com ... Read more »

Category: News | Views: 266 | Added by: danyagames2007 | Date: 15.03.2021 | Comments (0)