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BITCOIN ִ$25,000: China Gives VERDICT – Take Your MARKS!

Dec 13, 2019 | Wealth Articles

While the government – which normally serves as the ultimate opponent of innovation – continues to cling to its fading and failing fiat currency and fractional lending system, American private enterprise is doing what it does best: it’s bringing new technologies to the public and encouraging ingenuity, particularly through money that’s decentralized, borderless, and ultra-efficient.

China’s government was and is resisting Bitcoin, but they do appreciate blockchain technology and they’re threatening to get a huge head start in the crypto arms race. In fact, the People’s Bank of China (PBoC) is already testing a central bank digital currency with four big Chinese banks as well as China Telecom and other businesses.

Sadly, we’re seeing China taking a more capitalistic approach to crypto than the U.S.: the Chinese government is calling it a “horse race” between the big banks as they compete to implement the digital currency. America will have to do the same thing – most likely in 2020 – but for now the career politicians are content with watching and waiting.

Private enterprise doesn’t have to wait, though, and neither do you. Cutting-edge businesses and independent investors understand the incredible value of digital assets and especially of Bitcoin, which has myriad advantages over all government-controlled currencies. Bitcoin is censorship-free and borderless, has enhanced security and privacy, makes payments and transactions cheaper and faster, and puts the power back in the hands of the people.

Courtesy: NewsBTC

Just like gold went from under $300 in January 2000 to $1,900 in 2011 because of increased scarcity, Bitcoin’s scarcity is increasing and so will the price. The Bitcoin halving event of May 2020 will ensure this because the reward for mining Bitcoin will be literally cut in half.

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This halving event occurs every time 210,000 blocks are mined, and it’s happened twice before. On both occasions, the Bitcoin price increased substantially afterwards. Expect this to happen again in May as the number of Bitcoin miners decreases and, like gold, Bitcoin sees increased demand along with limited supply.

If you’re looking to accumulate Bitcoin today in anticipation of higher prices, be sure to choose a cryptocurrency exchange based on the following criteria: 

  • Volume: Choose an exchange with many participants and daily Bitcoin trades.
  • Reputation: Scour Google and social media for complaints about the exchange.
  • Security: Make sure that the exchange offers two-factor authentication and, preferably, custodial storage services.
  • Low or no withdrawal fees and limits: The limits to what you can withdraw, and the fees incurred for withdrawals, should be very low or nonexistent.
  • Ability to exchange easily for fiat money: You should be able to trade your USD, CAD, etc., for Bitcoin without delays or hassles.

Once you’ve bought your Bitcoin and stored it in a secure hard wallet, you’re now part of the world’s most advanced economy. Free from government interference and powered by the free market, Bitcoin will stage the ultimate coup in 2020: taking power from the politicians, and giving it back to the people.

Best Regards,

Brad Robbins
President, PureBlockchainWealth.com

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Legal Notice:
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

Please read our full disclaimer at PureBlockchainWealth.com/disclaimer

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The possibility of a bear market in Bitcoin is now invalidated. BTC against the U.S. dollar snapped through $8,600 so fast that the media didn’t even have time to report on it. #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/like-a-bumerang-bitcoins-back-the-mothership-sails-on/

The overnight futures market, which is more sophisticated and informed than the daytime retail market, is sending us a message right now: a Bitcoin bounce is coming and $8,000 will be ancient history. #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/death-cross-dollars-enters-bear-market-altcoins-could-fly/

In a time when China is reiterating its pledge to crack down on cryptocurrency exchanges while simultaneously promising to develop its blockchain technology, the key is to monitor your sources of information #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/2020-starts-with-bang-china-adopting-major-catalyst/

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