Tag Archives: Bitcoin

These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin

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“‘Buy bitcoin’ is now a more popular search phrase than ‘buy gold’ on Google.  The buzz is starting to impinge on gold’s role as a store of value especially since, like the precious metal, there’s a finite supply of bitcoin, which proponents say gives it anti-inflationary qualities. Sales of gold coins from the U.S. Mint slid to a decade low in the first three quarters months of 2017.”

Read more: https://www.bloomberg.com/news/articles/2017-11-20/can-bitcoin-survive-an-apocalypse

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How Bitcoin Is Saving Lives in Venezuela

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“Many people in Zimbabwe don’t have bank accounts. But a growing number own smartphones. And that’s all you need to buy bitcoin.  But this isn’t just happening in Zimbabwe.  The people of Venezuela are becoming increasingly desperate. And many are buying bitcoin to survive.  That’s because bitcoin doesn’t lose value by the day like the bolivar, Venezuela’s currency. Instead, it becomes more valuable.”

Read more: https://www.caseyresearch.com/how-bitcoin-is-saving-lives-in-venezuela/

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First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000

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“Called a Long-Term Equity Anticipation Security (LEAPS), the trade was matched by the platform this morning and is set to expire on December 28, 2018. Such long term futures options have long been seen in the industry as a much needed sign of maturity, and could in part help pave the way for even more institutional money to enter the space.”

Read more: https://www.coindesk.com/first-long-term-ledgerx-bitcoin-option-pegs-price-10000-one-year/

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The next big industry to face digital disruption will be our nations

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“Our nations are now undergoing a digital revolution, which will radically reshape them once again — this time into borderless online communities with services that can be accessed anywhere there is an internet connection.”

Read more: https://medium.com/e-residency-blog/what-is-a-nation-children-born-today-will-grow-up-with-a-radically-different-answer-b31f14403c3c

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Purged Saudi prince said Bitcoin would ‘implode’ last week

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“‘It just doesn’t make sense. This thing is not regulated, it’s not under control, it’s not under the supervision’ of any central bank, Alwaleed said in an interview on CNBC’s ‘Squawk Box.’  ‘I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making,’ Alwaleed said.”

Read more: https://www.cnbc.com/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html

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50,000% return: Assange thanks US for forcing him to invest in Bitcoin

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“In his tweet, Assange called out current and former senators John McCain and Joe Lieberman, respectively, for forcing him into seeking alternative sources of funding which turned out to be a blessing in disguise.  At the time, Lieberman called for the Department of Justice to indict Assange under the 1917 Espionage Act and sought his extradition from the UK for leaking US Embassy cables.”

Read more: https://www.rt.com/usa/406729-assange-wikileaks-bitcoin-investment/

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Russia Issuing ‘CryptoRuble’

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“According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities. The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied. The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale.”

Read more: https://cointelegraph.com/news/breaking-russia-issuing-cryptoruble

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Saudi Prince says Bitcoin is ‘just going to implode one day’

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“Alwaleed said bitcoin ‘doesn’t make sense. This thing is not regulated, it’s not under control, [and] it’s not under the supervision’ of any central bank.  Of course, to bitcoin proponents, those same criticisms are features rather than bugs.”

Read more: http://www.marketwatch.com/story/bitcoin-is-enron-in-the-making-saudi-prince-alwaleed-2017-10-23

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The secret Swiss mountain bunker where millionaires stash their bitcoins

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“It’s no ordinary vault: I’ve been told it’s inside a decommissioned Swiss military bunker dug into a granite mountain. Its precise location is secret, and access is limited by security measures that would put a Bond villain to shame.”

Read more: https://qz.com/1103310/photos-the-secret-swiss-mountain-bunker-where-millionaires-stash-their-bitcoins/

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Jamie Dimon labels bitcoin users ‘stupid’ as price heads to $10,000

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“‘The only value of bitcoin is what the other guy’ll pay for it,’ Dimon said. On Thursday, Dimon said during a post-earnings conference call with media that he’s ‘not going to talk about bitcoin anymore.’ The executive called bitcoin a ‘fraud’ in September and said it ‘won’t end well.'”

Read more: https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

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