Bitcoin (BTC) is fast approaching the May 2020 halving. Bitcoin is limited in number. Miners are trying to prepare themselves. They are facing a whole lot of stuff like hash rate difficulty, power consumption, power cost, block reward, and the exchange rate of BTC to USD. All of these to ensure mining is profitable. More miners have joined the network, and mining is more laborious.
Sydney Ifergan, the crypto expert, tweeted: “Bitcoin (BTC) will rise, kind of fall and it will rise and re-rise. Bitcoin momentum will find one reason or the other to propel forward. It is its nature. Nothing is going to change it.”
Bitcoin (BTC) is immutable, decentralized, and transferable storage of digital wealth. It is the pioneer in its class. When talking about making fiat obsolete, it is just a bonus feature.
CZ Binance, in the past, stated, “You Can’t Fake Bitcoin.” However, others continue with their theory that Bitcoin is nothing but a confidence game. Regardless of who has to say what massive transfers with Bitcoin (BTC) continue to happen. The idea of bitcoin to the moon is here to stay, and it will be like a rise, parabolic curve, correction, and ultimately towards the moon.
A recent tweet from on Rosa-Maria Ryyti read: “Whenever someone says X is the “real” or the “next” Bitcoin, what really is being said is: ”I would like for X to be the real Bitcoin” or ”I need X to be the next Bitcoin.” Otherwise, they wouldn’t have to use the word Bitcoin to make X seem better. There’s only ONE #Bitcoin.”
People have forever been telling that the Bitcoin (BTC) will be banned. In a recent landmark judgment, an Australian judge in the NSW court has ruled #Bitcoin as a legitimate investment vehicle, which can be used as financial collateral. This also means that means bitcoin is as legal as fiat. The clear use case here is that bitcoin is as good as fiat. Legally, things are happening in favor of Bitcoin. So, anyone who has already had one Bitcoin will only do well by accumulating just another.
Regardless of who is confused about what, and who confuses whom, it is impossible to deny that Bitcoin is one of the major innovations of this century. The developments are happening. It has established that the transfer of value primarily is based on trust. Bitcoin proves that trust should back value and not stocks, bonds, or gold.
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