Square, the company of Twitter CEO, is integrating cryptocurrency payments. Of note, Dorsey had hired Bitcoin developers for his payments company.
Twitter also is considering a feature that will permit users to tip one another using Bitcoins. Twitter CEO proves his love for Bitcoin once again.
Mike McGlone, the Senior Commodity Strategist, tweeted: “In this tumultuous year, Bitcoin is gaining accolades as a stabilizing and maturing store of value, more likely to continue appreciating along with gold. Bitcoin volatility is lower than the world’s most significant commodity, crude oil, and the lowest ever vs. the S&P 500.”
A month ago, we never imagined that the price of oil might drop to zero; we all thought the Bitcoin would drop. So, we cannot be sure that the anti bitcoin sentiments are right.
The oil price going down is happening because people are locked down, and the movement is less. When need resumes, oil is going to catch up.
The Japanese government has voted to remove its printing limit. This means the Bank of Japan will now print to buy an unlimited amount of government bonds and quadruple its purchases of corporate debt. This is happening at a time when we are just two weeks before Bitcoin halving. Fiat printing is getting to be more common in nations. Bitcoin is evolving to be scarce.
Sydney Ifergan, the crypto expert, tweeted: “In London Real – People Worth Watching the guest stated Printing a Trillion Dollar Bill is a problem and that People will stop counting money and they will start weight it. I feel it is True, and it is time for Bitcoin – BTC.”
Matt Ahlborg, an analyst when talking about Bitcoin usage in Latin America, states that the volumes of local bitcoin usage have hit an all-time high. The situation of Argentina, according to the analyst, is a lot different than in Venezuela. However, Bitcoin has found some unique niches within the country to help the Argentinians move their money in a way to protect their money outside the system.
Investopedia: “The leading bitcoin city in South America, Buenos Aires has 130 merchants accepting bitcoin and three bitcoin ATM in the city of 2.9 million people. In a country famous for the currency crisis, bitcoin has found a warm welcome so far.”
The Feds are losing the battle with Deflation. The current path of printing money is not going to work, and very soon, Bitcoin will take the place of sound money, according to several enthusiasts.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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