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Explore Arctic Pablo Coin's presale, the top crypto to buy now! Learn about Trump and Fartboys latest news and why Arctic Pablo is leading the charge.
The post Arctic Pablo Coin Presale – Top Cryptos to Buy Now with Trump & Fartboy appeared first on Kanalcoin.
Explore top meme coins to invest in this week including Arctic Pablo Coins deflationary meme coin presale, plus the latest on FLOKI and Dogs tokens.
The post Top Meme Coins to Invest in This Week: Arctic Pablo, FLOKI, Dogs appeared first on Kanalcoin.
With Strategy holding a massive stash of Bitcoin, the yearly deflation rate of BTC has reduced to -2.23%. BTC is poised for a potential climb above $106K.
On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises [...]
The post Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ appeared first on Crypto Breaking News.
It is common for people to reflect on every facet of their lives once they recognize the absolute, verifiable digital scarcity created by Bitcoin.
The 2022 bear market has been brutal as more than $2 trillion in value has been wiped away from the crypto economy. In addition to record values lost, the crypto winter has managed to break a number of popular bitcoin price models like the rainbow price chart and Plan B’s infamous stock-to-flow model. Moreover, since More
The post Rainbows, Log Charts, and S2F: Bitcoin’s 2022 Bear Market Has Broken the Community’s Most Popular Price Models appeared first on BTC Ethereum Crypto Currency Blog.
Kicking the can down the road, versus capturing pieces of immutable scarcity. This is the choice that bitcoin brings to the table.
Contrary to popular belief, value cannot exist without an evaluator. Bitcoin has both objective and subjective value which is only starting to be recognized.
The daily net issuance in the Ethereum network continues to drop, signifying a supply deficit. (Read More)
CEO of MicroStrategy Michael Saylor remains one of the most vocal supporters of bitcoin. Countless times in the past, Saylor has always lauded the benefits of the digital asset, which he says is the best investment. His convictions are shared by his firm which remains the publicly traded company with the largest bitcoin holdings in the world. Now, once again, Saylor has spoken out in favor of the cryptocurrency, effectively snubbing its competitors while he’s at it. Bitcoin Is The Only Scarce Asset Bitcoin’s scarcity has often been one of the strongest arguments for the value of the cryptocurrency. According to the code, there can only be 21 million bitcoins mined, meaning that once this supply is mined, there are no more bitcoins coming into circulation. More BTC cannot be created, making it one of the most scarce assets in the entire globe. Related Reading | Bitcoin Mempool Fills, Transactions Fees Double; Here’s Why With bitcoin’s growth, it has fast become a rival for other top investment assets in the space. One of those assets is gold. Bitcoin which is referred to as digital gold has outperformed its physical rival over the course of the last few years, putting them in fierce competition with each other. However, according to Saylor, only one of these assets is truly scarce and that is bitcoin. Speaking on the PBD Podcast, Saylor explained that all other assets can have more of them created. He called bitcoin the only scarcity known to humanity. The CEO referred to gold as a commodity, alongside other assets like real estate and luxury watches. “I can create more real estate in New York City. I can create more cars. I can create more luxury watches. I can create more gold. I can create more shares of a stock. I can create more bonds,” Saylor explained. BTC declines below $40,000 | Source: BTCUSD on TradingView.com His reasoning was that since he can create more of these, then they are basically commodities. Whereas, bitcoin is “magical” given that there will only ever be 21 million tokens and no one else can create more BTC once they are all mined. Related Reading | Bitcoin On Course To Hit $100K Nine Months From Now, Bitbull CEO Predicts “I can create any commodity; they’re commodities by definition. Given enough money and time, I can create infinite of any of them,” Saylor continued. Saylor’s advocacy for bitcoin runs both personal and professional. Saylor is known for using his personal bitcoin investment as an argument for why MicroStrategy should invest in the digital asset. As of the time of this writing, MicroStrategy owns over 120K BTC worth almost $5 billion, putting the firm in profit territory. Featured image from Coingape, chart from TradingView.com
Ethereum's supply continues to diminish based on the London Hardfork or EIP-1559 upgrade. (Read More)
After the London Hardfork or EIP 1559 upgrade went live on August 5, the first-ever deflationary block on the Ethereum network occurred because scarcity was introduced every time Ether was burnt after being used in transactions. (Read More)
Many have made the argument that “worthless jpeg’s” are “a bubble”. A common meme in the comment’s of twitter influencers flashing their new pixels is re-posting the picture of the NFT saying “just download it for free.” The obvious rebuttal to that is simple: you cannot sell that “free” jpeg for $100,000, just like you […]
The post Why NFT’s Are Not A Bubble appeared first on CryptosRus.
Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist two noteworthy tokens backed by gold: pax gold (PAXG) and tether gold (XAUT). Together, these tokens amass a considerable worth of nearly $1 billion. Although [...]
The post Scarce Open Market Supply of Top Two Gold Tokens as Concentration Levels Run High Among Top Holders appeared first on Crypto Breaking News.
Discover how a reduction in supply affects the price of Bitcoin, and how market participants perceive and react to halving events in the dynamic cryptocurrency market.
Cathie Wood predicts a surge in M&A activity under Trumps administration, driven by deregulation and reduced FTC barriers.
Eric Trump predicted governments and institutions will adopt Bitcoin, highlighting that the early movers are set to win.
Jack Mallers reveals why Bitcoin isn't just an inflation hedge but the ultimate financial solutionhighlighting its unmatched scarcity in a world where everything else multiplies like rabbits.
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