Bitcoin Will Soon Square Off Against a U.S. Digital Dollar ...

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BTC and Public Traded Companies, match made in heaven or the end of a decentralised BTC?

BTC and Public Traded Companies, match made in heaven or the end of a decentralised BTC?

Current BTC holdings of public trade companies as per Oct 13th, 2020.
''A new survey commissioned by crypto asset insurance company, Evertas, a cryptocurrency insurance firm, found that institutional investors plan to significantly increase their stakes in Bitcoin (BTC) and other digital assets in the future. - Cointelegraph
In recent years we've seen institutional adoption of Crypto increase severly, to the point currently that Grayscale is buying on behalf of its customers so much BTC it could lead to shortages. Investors and hedge funds are currently looking for a hedge against the dollar as macro instability and unprecedented monetary stimulus is taking place. According to the financial consultancy group DeVere group, the bullish activity of BTC during the crisis has led to believe that BTC could replace save haven assets like gold in the future. In terms of price action this could lead to a significant increase in the price of BTC and other crypto assets, but do we want institutional investment from a fundamental point of view?
Why was BTC created?
Satoshi Nakamoto created BTC to counter the fractional reserve banking system which creates money out of thin air, resulting in a weakened currency over time (inflation). Bitcoin and Blockchain are created in such a way that everyone can be their own bank, away from the government and third parties, due to the decentralized P2P network. Satoshi saw that during the financial crisis of 2008 banks could not be trusted, and acted on that.
12 years forward we see these financial institutions getting involved in BTC, buying up large sums of BTC and offering financial instruments to their clients like derivates or shares like Grayscale. This creates a third party as transactions now run through these institutions. This goes against the fundamentals of BTC of 'cutting out the middle man'. Furthermore, it creates large entities or 'whales' of institutions who can manipulate the price in their favor by buying or selling large portions of BTC. They have easy access through cheap funds, because for example the Fed Funds Rate has been extremely low for quite some time.
12 years ago the battle against big financial corporations and their unethical way of doing business has started, and it seems like they're up for round 2.
submitted by SweetPie123 to CryptoCurrency [link] [comments]

Former Facebook exec says Bitcoin is an Insurance Policy against the Dollar

Former Facebook exec says Bitcoin is an Insurance Policy against the Dollar submitted by KayleighSosnowski to Bitcoin [link] [comments]

Reversal or BTC forever?

Reversal or BTC forever?
BTC/USDT 4 Hour. I hear a few trading for tether the other day and calling for a further drop below 10k USD. One of my favs called for this correction to be one that doesn't breach 10k with conviction, personally I've been on his side with this call and it was made quite early as well. Now though i believe this assumption is a fair one at the current time regarding bitcoin against the dollar.
To the traders in the room... ? Isn't this a clear reversal pattern?, or is the possible inverted H&S invalidated by the fact the 2nd shoulder has extended too far to maintain the possible inverted H&S pattern? Or was this "distorted inv. H&S" never really there?.Remembering a continued squeeze only leads to a more violent movement. Or is It that i am not holding tether to be the reason i am not Bearish?, is my bullish view justified here with a possible reversal.?Will the 55EMA hold up here as resistance? Personally i think not.#DontSqueezeBTC
https://preview.redd.it/wv3pq68umnm51.jpg?width=1324&format=pjpg&auto=webp&s=d20198833296365204532a5ba84a3e0de8a696ce
submitted by PristineCount0 to Bitcoin [link] [comments]

Former Facebook exec says Bitcoin is an Insurance Policy against the Dollar

Former Facebook exec says Bitcoin is an Insurance Policy against the Dollar submitted by KayleighSosnowski to CryptoMarkets [link] [comments]

What are the advantages of bitcoin against USD in short to medium term as the threat of runaway inflation for us dollars is also 0?

submitted by abstrx to Bitcoin [link] [comments]

Bitcoin Remains The Best Protection Against A “Devalued Dollar" - Bitcoinist.com

Bitcoin Remains The Best Protection Against A “Devalued Dollar" https://upload.news/38tw2r
submitted by GaryPalmerJr to MintingCoins [link] [comments]

What are the advantages of bitcoin against USD in short to medium term as the threat of runaway inflation for us dollars is also 0? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

“When compared to other fiat currencies, the real had the worst performance against the dollar, depreciating 40% in 2020.”, cointelegraph (x-post from /r/Bitcoin)

“When compared to other fiat currencies, the real had the worst performance against the dollar, depreciating 40% in 2020.”, cointelegraph (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

What today's landmark Federal Reserve speech means for money: As the dollar is devalued, Bitcoin will shine as a hedge against inflation and alternative reserve currency.

What today's landmark Federal Reserve speech means for money: As the dollar is devalued, Bitcoin will shine as a hedge against inflation and alternative reserve currency. submitted by heist95 to Bitcoin [link] [comments]

Former Facebook exec says Bitcoin is an Insurance Policy against the Dollar

Former Facebook exec says Bitcoin is an Insurance Policy against the Dollar submitted by ElCapitanRodney to CryptoCurrencyTrading [link] [comments]

Former Facebook exec says Bitcoin is an Insurance Policy against the Dollar (x-post from /r/Bitcoin)

Former Facebook exec says Bitcoin is an Insurance Policy against the Dollar (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

#BTCUSD #TechnicalAnalysis #Bitcoin has formed a #headandshoulderpattern against dollar and has broken the neckline. It has formed after a significant uprun, which validates the pattern. We expect the counter to be bearish in the near-term https://traderpulse.com/forex-analysis-app/#pricing

#BTCUSD #TechnicalAnalysis #Bitcoin has formed a #headandshoulderpattern against dollar and has broken the neckline. It has formed after a significant uprun, which validates the pattern. We expect the counter to be bearish in the near-term https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

Euro hits a two-year high against the U.S. Dollar (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

08-31 08:48 - 'I get it now.. even with arbitrage the currency is worth less against the dollar and btc is mostly traded against the dollar so high dollar creates btc ATH in local currency' by /u/qbisq removed from /r/Bitcoin within 693-703min

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I get it now.. even with arbitrage the currency is worth less against the dollar and btc is mostly traded against the dollar so high dollar creates btc ATH in local currency
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Author: qbisq
submitted by removalbot to removalbot [link] [comments]

What today's landmark Federal Reserve speech means for money: As the dollar is devalued, Bitcoin will shine as a hedge against inflation and alternative reserve currency. (x-post from /r/Bitcoin)

What today's landmark Federal Reserve speech means for money: As the dollar is devalued, Bitcoin will shine as a hedge against inflation and alternative reserve currency. (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

@TheEconomist: The dollar fell by more than 4% against a basket of other major currencies in July, the largest monthly decline in a decade, as the value of euros, gold and bitcoin soared https://t.co/TlQefjkisu

@TheEconomist: The dollar fell by more than 4% against a basket of other major currencies in July, the largest monthly decline in a decade, as the value of euros, gold and bitcoin soared https://t.co/TlQefjkisu submitted by -en- to newsbotbot [link] [comments]

BitcGo CEO: "Bitcoin is not a hedge against the stock market performing poorly, bitcoin is not a hedge against the coronavirus, Bitcoin is a hedge against the US dollar and inflation."

BitcGo CEO: submitted by CryptigoVespucci to Bitcoin [link] [comments]

In Venezuela, the bolivar is strengthening against the dollar, while the price of bitcoin remains consistently high

In Venezuela, the bolivar is strengthening against the dollar, while the price of bitcoin remains consistently high submitted by IRedditGirlI to Bitcoin [link] [comments]

@binance: The dollar has fallen against #Bitcoin again today. 1 $USD is now only worth 0.00012 $BTC.

@binance: The dollar has fallen against #Bitcoin again today. 1 $USD is now only worth 0.00012 $BTC. submitted by rulesforrebels to BinanceTrading [link] [comments]

Bitcoin recently broke the resistance area against the U.S. dollar, but it is now starting to lose its bullish momentum. What will be next? https://www.financebrokerage.com/bitcoin-began-to-lose-bullish-momentum-correction-at-8k/

Bitcoin recently broke the resistance area against the U.S. dollar, but it is now starting to lose its bullish momentum. What will be next? https://www.financebrokerage.com/bitcoin-began-to-lose-bullish-momentum-correction-at-8k/ submitted by FinanceBrokerage to u/FinanceBrokerage [link] [comments]

Hyperdeflation?

So I understand that this is what some people may have already coined 'Hyperbitcoinization', but I think it may make more sense to call it Hyperdeflation, since this is really what's happening.
We have accounts of Germany in the 1920s and Venezuelas current situation where their currency rapidly inflates to make it useless against other currency. My feeling is that as more and more people are driven to bitcoin by its improved properties over fiat, the value of the dollar will stay relatively what it's worth currently in order to purchase every day goods and services.
However, as bitcoin becomes more and more scarce, we will see millions and even tens to hundreds of millions per bitcoin.
I know at this point you probably think I'm crazy because that would put the market cap at 2.1 quadrillion. Market cap IMO is a meaningless metric for a currency. What is the market cap of the dollar? You have to have a relative value of something else to determine market cap.
Since the market cap of bitcoin is meaningless, I think that Hyperdeflation of bitcoin against the dollar could play out in such a way where it becomes almost impossible to buy bitcoin in 5 or 10 years.
submitted by ElephantGlue to Bitcoin [link] [comments]

The US Dollar Crashes Against Bitcoin and Gold After Iranian Missile Attack

The US Dollar Crashes Against Bitcoin and Gold After Iranian Missile Attack submitted by asso to Bitcoin [link] [comments]

MUST SEE: THE U.S. GOVERNMENT AGAINST BITCOIN!!! Bitcoin - Global Bankers scheme to ditch the Dollar? [N ... Bitcoin - A Hedge Against US Dollar Losing Reserve Currency Status? The Most Popular Cryptocurrencies, Bitcoin Vs The Dollar, Libra In Europe & Fidelity Crypto Bitcoin Price Mania: An ATM Adventure with BTC

Gold ‘breaking down’ against Bitcoin is highly bullish for BTC — Analyst . NewsBTC 5 hrs ago. Kevin Hart Jokes Bitcoin and Ethereum Are “Voodoo Money” NewsBTC 6 hrs ago “Holy Cow ... Bitcoin Remains The Best Protection Against A “Devalued Dollar” Submitted by Anonymous (not verified) on Fri, 10/23/2020 - 18:00 One CEO of a risk management firm that educates investors on how to protect capital, claims that the leading cryptocurrency by market cap “remains the best short-term macro correlation” versus a “devalued dollar.” Bitcoin Remains The Best Protection Against A “Devalued Dollar” One CEO of a risk management firm that educates investors on how to protect capital, claims that the leading cryptocurrency by market cap “remains the best short-term macro correlation” versus a “devalued dollar.” Jury Trial Scheduled for Billion Dollar Bitcoin Lawsuit Against Craig Wright . Florida’s Southern District Court has been dealing with the Kleiman v. Wright case for well over two years and now ... Risk Management Firm CEO: Bitcoin Is The Best Macro Correlation Versus A Devalued Dollar. Bitcoin was designed as the first-ever peer-to-peer digital version of cash, but aside from that mention, the similarities with the dollar end. Whereas traditional fiat-based cash currencies can be printed at a whim, only 21 million BTC will ever exist.

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MUST SEE: THE U.S. GOVERNMENT AGAINST BITCOIN!!!

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