Bitcoin News

Story: Bitcoin (BTC) Price Going Down As Politicians Continue to Endorse its Usage

By James Thorp

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Michael Saylor said, “Bitcoin is digital property and you lived to see it.  For the first time in human history, we can grant property rights to 8 billion people.

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While all the good changes seem to be happening favoring BTC, the price is trending downside.

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During the eve of the New York City’s mayoral race on Tuesday, Democratic front runner Eric Adams endorsed Bitcoin. 

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Adams expressed, “I’m going to promise you in one year you are going to see a different city,” Further stated, “We’re going to become the Center of Life Science, the center of…

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Community response:  Confused now, where should we go? El Salvador, Miami, NYC.  Too many options now to spend Bitcoin.

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NYC used to lead the world in finances, time to get back in the game. Time to adopt BTC.  NYS is a crypto hostile state.

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More bullish news is coming for Bitcoin and more of price dips is happening.  BTC is in the reverse of the rally.

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In response to Adam statements, users felt like politicians say anything to get elected, anything.

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For now NY is not a friend of crypto. The Bit license requirement was the most restrictive crypto enforcement for new businesses and New Yorkers in years.

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Given that Adam’s has run as both a Democrat and a Republican - it doesn’t surprise me that he’d say anything to try and get elected.

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Bitcoin at this stage looks like a spaceship which has done its duty, to enter orbit. It has to remain there to allow crypto blockchain development.

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NYC like Adelaide has been in doldrums for a decade because of security communications issues and time wasting infrastructure.

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