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Bitcoin Is Extremely Useful In These Problematic Countries

In many countries, there are emerging monetary crises as local currencies lose value. Local governments or central banks are unwilling or unable to solve inflation, and that's a key chapter in the story of Bitcoin. The late economist Milton Friedman, a Nobel Prize winner, said people should only look to one reason why long-term inflation exists: The above institutions keep printing cash out of thin air which debases the local currency. That makes Bitcoin and other reliable cryptocurrencies an attractive solution in places that operate on shaky or desperate economic ground. High-Inflation Countries So in which countries is Bitcoin most...

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Luxury Car Designers Rolls Royce, Bentley And Bugatti To Accept Bitcoin

Those lucky to have enough Bitcoin and Bitcoin Cash, they can now spend their cryptocurrencies on luxury vehicles including, Rolls-Royce, Bentleys and Bugattis. Post Oak Motor Cars is the first dealership that sells luxury vehicles to accept Bitcoin and Bitcoin Cash, the venue is owned by hospitality mogul Tilman Feritta. On 5th September, there was an official press announcement released by the company who will now be partnering with Bitcoin processor BitPay in order to enable luxury car buyers to purchase carriages from anywhere in the world using the aforementioned cryptocurrencies. Tilman Fertitta spoke about the matter and said: “The...

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Why Bitcoin (BTC)’s Price Does Not Matter

Chart for BTC/USD (1W) The price of Bitcoin (BTC) does not matter. One Bitcoin (BTC) will always be one Bitcoin (BTC). Some of you will say, “What if eventually another coin takes the place of Bitcoin (BTC)?” The answer to that is, “It’s not going to happen”. It is funny that some traditional investors say that they like blockchain but they do not like Bitcoin (BTC). Like it or not, Bitcoin (BTC) is here to stay. The question whether some other cryptocurrency could ultimately replace Bitcoin (BTC) was supposed to be asked way before 82% of Bitcoin (BTC) were mined....

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US SEC Suspends ETNs For Bitcoin And Ethereum

The Ethereum and Bitcoin exchange-traded notes, which was designed as a way for traders to get into digital currencies in the US, have now been suspended by the United States SEcurities and Exchanges Commission (SEC). They were quoted for their reasons for the suspension of trading saying “Confusion amongst market participants.” These were the Ethereum Tracker one and Bitcoin Tracker One products, which were known as CXBTF and CETHF offered by Coin Shares Holdings. The suspension will go on for ten days which means it will finish on the 20th September. Unless the President of the United States himself approves...

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Bitcoin Price Stable But Market Heading For A Slump

Bitcoin has been experiencing an unpredicted surge in its price. This surge, on the 10th September, saw the price rise from just under $6,200 to then jump to $6,450 however, the rest of market has struggled to get back on its feet and showing slow movement. The cryptocurrency saw its lowest point on 2018 on 15th August when it’s price was at $191 billion. Over the past day, the markets value dropped by $4 billion ($200 billion to $196 billion) and is now heading towards a possible slump. Bitcoin has almost stayed stable as it stays in the $6,300 mark...

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