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Every day, the Chinese government is increasing the pressure on the digital asset industry. Bitcoin is not subject to outside control and does not suit the government. Already now, all transactions with cryptocurrency are illegal. But the goal of these actions is the sustainable development of the country's economy and transparency in the financial sector. Is it bad?
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The dollar cannot live forever. One day it will end. But I don't think bitcoin will take its place. I think that bitcoin will have its development as a cryptocurrency, but separate from the dollar. And it is possible that bitcoin is currently much more profitable to own than the dollar or other fiat currency. We have seen many examples of how the currency depreciates, so anything can happen with fiat...
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If we consider cryptocurrency as a threat to national security, then of course it is necessary to create a mechanism for its regulation. But is there such a possibility? I wonder how it can really be. Maybe we'll find out soon...
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I do not know if the cryptocurrency will be used in daily use and purchases of everyday goods. Unlike the fiat currency, bitcoin always behaves unpredictably. It goes up as fast as it goes down. And the main mechanism for regulating the economy is the movement of money. The state regulates the country's financial system. It is impossible to regulate the movement of cryptocurrency, so it is unlikely to be able to replace fiat.
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It's not over yet. Now well-known world leaders are interested in the topic of bitcoin and are actively using the corresponding digital money. We should wait some more time and then we will be able to observe a new record.
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The most defining reason that bitcoin will not replace banks is that the world is not ready to move to digital money, and also inconsistency has been noticed in digital finance.
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Not surprisingly, the number of wealthy bitcoin investors is growing every day. Crypto money is not so much a necessary investment, but with the latest events, with proper use, they give a lot of profit.
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Of course, Bitcoin must be reckoned with, because it is one of the leaders. Gold, oil and many other important resources fade into the background compared to bitcoins.
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After the purchase of bitcoins by Tesla, the rate did not rise as high as expected. According to preliminary forecasts, Bitcoin was supposed to rise to $ 100,000, but everything is ahead and having invested $ 1.5 billion, Elon Musk will certainly receive 3 or even 5 times more
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Recently, influential people began to support bitcoin: Tesla bought bitcoins for $ 1.5 billion, MasterCard allowed the cryptocurrency transaction. Therefore, it is clear why Michael Sailor decided to invest in bitcoin.
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This is not surprising in our time. Huge corporations are switching to digital money, and in 2 years the world as a whole will need cryptocurrency.
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Nowadays, the topic of bitcoin and cryptocurrencies in general is very relevant for humanity. CBN does this in its own interests to force people to abandon digital money, since cryptocurrency interferes with controlling the financial situation of the population.
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Bitcoin is currently a hot topic of discussion, as well as an acquisition for personal needs. The finance minister is partly right to talk about transactions, but not for long. Bitcoin is relatively new to use, so it caught on.
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There is no desire to help you because I am extremely insecure about you. In my memory, there have been such deceptions many times and with more and more interesting stories. If you want to borrow from someone, then immediately offer something as collateral
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In our time, the topic of cryptocurrency is relevant. Many people are switching to using digital money because of the convenience, which makes real currency reckon with it.
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For states, the reduction in bitcoin will only play into the hands. All this is because if the population of the country receives additional income in unofficial places, then taxes will not increase accordingly, and maybe even decrease, because people will not have to pay taxes if they are unemployed
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Another reason that prevents bitcoin from becoming an alternative to the dollar is the denial by many people of the cryptocurrency in general.
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Definitely, this year will bring bitcoins even more success than 2020, but it will take at least two years to introduce digital money into the infrastructure of each state.
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Bitcoin's growth to $ 50,000 is far from the limit, but quite the opposite. I am sure that Tesla and MasterCard will soon be joined by more influential companies and with their help the growth of bitcoin will not be stopped
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