Humble Bitcoiners!
We proudly present today's edition of the Bitcoin Magazine Newsletter. Sit down and get ready for your daily dose of Bitcoin signal! |
|
| Today's Rundown: Fixing Payments: How Bitcoin fixes the old world bureaucracy of payments. Onwards To $100K: Bloomberg Intelligence says bitcoin is in a consolidating bull market. Money For Enemies: Bitcoin is for everyone — this shouldn't sully the entire network's reputation. Directly From Savings: German bank to offer bitcoin trading. |
|
|
How Bitcoin Fixes The Old World Bureaucracy Of Payments.
By Joakim Book Most people do not know how the banking system works. The vast majority of its users think that banks work like emails when it comes to sending and receiving money. Something like a "package of money" being carried by their bank to another after pressing the "send" button.
In reality, banks clear liabilities against one another. Internationally, they hold accounts with each other and their "money" is actually debt claims. Sending and receiving money with banks as intermediaries is quite complicated and non-efficient.
The author writes about these major problems in the banking system while describing the odyssey he had to endure so he could get paid for his services via international transfer. He talks about fees, paperwork, bureaucracy, taxes and manpower needed to get a transaction done and compares it to the Bitcoin's network, “The only financial asset that isn’t someone else’s liability." |
|
Adoption, Scarcity To Fuel A Bitcoin Run To $100K: Report
By Namcios Acording to the newly released Bloomberg Intelligence Report for December 2021, Bitcoin finds itself in a consolidating bull market and is on its way to $100,000. The asset's price has fallen about 30% since it reached highs of $69,000, and it has caused people to wonder whether if that was the top, and we are about to see another multi-year bear market.
Analysts from Bloomberg seem to think this is nothing more than a consolidation period, which in fact makes Bitcoin a healthier and stronger asset. The demand has shown clear signs of increment while the supply decreases, as it became legal tender, and developments in new exchange-traded funds and futures have been developing.
It seems that it might be just a matter of time as more funds continue to move away from gold and towards Bitcoin.
“The key question facing Bitcoin nearing the onset of 2022 is whether it’s peaking or simply a consolidating bull market.. We believe it’s the latter, and see the benchmark crypto well on its way to becoming global digital collateral in a world going that way.” - Bloomberg |
|
Chance to win 1,000,000 sats |
|
Click the links:
1. Hidden code in Robinhood app’s beta version hinted at new development, according to a Bloomberg report.
2. Perhaps you’ve heard the many recent stories detailing how major athletes and politicians are taking part of their salaries in bitcoin. For the average person, does this make sense to do? And if so, how do you do it?
3. Once people, institutions and governments start realizing how scarce Bitcoin is, a whole new level of FOMO will ensue.
4. As an increasing part of the bitcoin economy, stablecoins are collateralizing $7.21 billion of bitcoin futures open interest. |
|
Bitcoin Unbound: When Freedom Money Is Used For Hate
By Troy Cross Bitcoin is for everyone, independent of one's beliefs, socio-economical status or political affiliation, it is the first time we have permissionless money with a decentralized issuer. In a new report from The Southern Poverty Law Center, cryptocurrency use by white supremacists and far-right extremists was examined.
The author makes a reflection on the topic comparing it to the early days of the internet when Neo-Nazis were utilizing the internet for their bulletin boards. When it comes to technology, it will be adopted by everyone, good and bad guys. The main question is to wonder whether it ends up being a net positive for humanity — if the benefit's of bitcoin's censorship resistance outweigh the negative consequences of bitcoin being spent in odious ways.
This is where the philosophical question lies, and clearly there is a strong case in favor of bitcoin when billions of people are struggling against authoritarianism and double digit inflation; Bitcoin is hope. |
|
German Savings Bank To Offer Bitcoin Trading: Report.
By Namcios The Sparkassen, a German group of centuries-old regional financial institutions with about 370 branches and 50 million customers, is reportedly working on a trading feature that would allow their clients to buy and sell Bitcoin directly from their checking accounts, cutting down intermediaries, such as cryptocurrency exchanges, and not requiring additional verification procedures.
So far, The Sparkassen saving banks only focus on loan activities and regional development and services. However, as per the report, Sparkasse committees will vote on the project at the beginning of 2022 and, if approved, their customers would be able to trade Bitcoin directly from their platform later that year. This move could place The Sparkassen’s institutions ahead of their competitors in this nascent sector while leading to an increase of Bitcoin users and adoption. |
|
By Bitcoin Marcus
People often enter the Bitcoin space and expect immediate returns. The asset has grown and developed so indeed, into a low risk high yielding monetary network, but definitely not a get rich quick scheme.
Bitcoin is a savings technology, and treats those who patiently transfer their wealth into this stronger monetary good.
Keep stacking. |
|
| |
Received this newsletter from a friend?
Sign up to get the best of Bitcoin delivered straight to your inbox.
|
|
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
|
|
|
|
