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Impending $780M BTC Options: Will Bitcoin Price React?
David Rodeck specializes in making insurance, investing, and financial planning understandable for readers. He has written for publications like AARP and Forbes Advisor, as well as major corporations like Fidelity and Prudential. Before writing full time, David was a financial advisor. That added a layer of expertise to his work that other writers cannot match. The ups downs bitcoin first salvador Likening his plan to cities founded by Alexander the Great, Bukele said Bitcoin City would be circular, with an airport, residential and commercial areas, and feature a central plaza designed to look like a Bitcoin symbol from the air.
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Credendo. ''EL SALVADOR: GOVERNMENT IS FACING DEBT DEFAULT AMID WORSENING RELATIONS WITH THE USA'' El Salvador Down On Its Bitcoin Bet Giving up the monetary independence afforded by issuing one’s own currency carries costs – particularly, the loss of the ability to adjust monetary policy in response to local economic conditions. El Salvador already accepted this when it adopted the dollar. The costs would be even greater if a currency as unstable as bitcoin were the sole national currency. But President Nayib Bukele instead decided to designate both bitcoin and the dollar as legal tender. The logic behind that decision is surreal.MORE ON Big Tech
Still, the nearly 7% BTC drop in September looked far less severe than the 50% price crash in April and May. After some ups and downs, bitcoin’s price had again stabilized at well above 2020 levels as some traders began to anticipate a $100,000 BTC price by year end. UN alarmed by reports of rights violations by Bangladeshi security forces during student protests It's meaningless until a flaw is found in the Lightning Network. If it's not recorded on the Blockchain, then they are not sending bitcoin. If you don't have the key, you don't own the bitcoin. It's a derivative.
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Yet a few streets away, there are signs of El Salvador’s Bitcoin revolution taking shape. Outside Chivo Pets, a government pet hospital that charges in Bitcoin, a trail of dog owners bursts out of the waiting room and onto the street. Here, customers who pay in Bitcoin are charged massively reduced fees — just a few dollars for hundreds of dollars worth of treatment. One queuing dog-owner, Veronica Serrano, tells me she is not a supporter of Bukele but thinks that launching Bitcoin was a popular policy, despite people not using it much. “People like the idea of Bitcoin because it seems modern and futuristic. It seems like we are going forward,” she says. 100 Days: Extraordinary US Election Enters The Home Stretch You can email the site owner to let them know you were blocked. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page.Previous Posts - Twitter: @Bitcoindia
