Bitcoin test for $ 40,000
Former Congressman Ron Paul described gold and bitcoins as money and competition to the US dollar. He stressed that the main reason investors are looking for such alternative forms of money is to protect themselves from the depreciation of the US dollar. He states that if you make a profit in Bitcoin, you can’t tax money. If you bought a dollar a year ago and it fell by 10%, you can’t lose your dollar, and the dollar just lost value.
Paul believes that US regulators are moving to regulate and continue to tax Bitcoin because it competed with the US dollar and noted that governments throughout history have by default been very eager to have control over money and predicted that they would never give up control over money.
When asked about the topic of his address at the conference in Miami Bitcoin, Paul emphasized that he would not necessarily talk about the technical significance of blockchain technology or from the perspective of pro-Bitcoin, but more from the angle of launching and deciding on freedom of choice. The cryptocurrency market is still recovering from the last correction, and Bitcoin has risen by about 4% in the past 24 hours.
Bitcoin is stabilizing as traders gather in Miami.
Some expect a personal Bitcoin 2021 conference in Miami, which starts on Thursday, as a possible positive impact on price movements. This is similar to the CoinDesk consensus effect, the theory that crypto prices accumulate during or immediately after a conference.
The idea is that gathering several thousand people to speed up networking, exchanging ideas, and concluding agreements can be a boon for basic growth in the crypto industry, Greenspan wrote in a bulletin published on Wednesday. According to Arcane Research, activity on the Bitcoin block has fallen with the latest price correction. The number of daily active addresses is on the lowest level since November last year. Historically, the large decline in blockchain activity coincided with market peaks similar to 2017 and 2019. The current decline in active bitcoin addresses suggests a further minus of cryptocurrenc
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