Staying in the cryptocurrency space whether for reasons related to technology, finance or policy is clouded with uncertainty as regulators are not sure of the kind of stand they need to take towards cryptocurrencies.
Joe Biden administration in the US might not really take to cryptocurrencies as their central point of concern. However, Forbes has reported that inflationary monetary policy, focus on bringing recovery in employment rates, questions on economy, power competition, digital rights across the world, central themes of bitcoin as all becoming reasons, which will propel the administration to look at cryptocurrencies with immediate priorities.
Clarifying, Sydney Ifergan, the crypto expert stated, “Anyone who is not interested in getting left behind in the cryptocurrency race would not want to say no to Bitcoin (BTC).”
Dan Held points to big names like Satoshi Nakamoto, Hal Finney, Nick Szabo, Greg Maxwell, Adam Back and Wei Dai are big names who have made Bitcoin to what it is today.
The price trends for Bitcoin are insanely good. While some of them feel nothing, those who have been watching the markets for a while, and looking at the positive price trends, now are wondering if this actually did happen.
The current price action of Bitcoin is interesting to the extent that it keeps one wondering, if 100K might be an actual reality. Those who have been supporting and believing in it and have been HODL are able to see things happen in their favor. Some of them have been making steady profits in the Bull Run.
Those who were planning to buy the BTC when the price goes down are now like don’t have a clue as to how they missed it badly.
Bitcoin (BTC) Anonymous Transaction Systems
Fiat currency also known as cash, helped to transact anonymously so far. In an open society, where there is an increased interest in anonymous transaction systems the most important expectation of those who are transacting is that the information in the history of the transactions should not be used against the person who is transacting.
Those who are wealthy are subject to lot of spam and harassment. Therefore, those who are rich are not interested to get spammed by people who learn their wealth. Though there are third parties who legally help maintain this privacy, the idea of Bitcoin was meant to avoid the moral hazard of preventing third parties who have power to reverse the transactions from interfering in the privacy factor.
All of these led to Bitcoin (BTC) and the PoW – Now we know where we stand after all the doubts and apprehensions. Naysayers cannot but decide to consider the Bitcoin in the current trends and price action. BTC is beginning to prove itself beyond doubt.
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