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Last year, I was then telling my friends online in Facebook that 2022 can be the year of more adoption including some sectors of the government and it is happening now in a number of states in the USA. What is good with USA is that each state can decide on many things on their own without the need for approval from the federal government because had it been otherwise then those states may not be able to get involved with Bitcoin that easily. Now, am so particularly interested with how things can work out with Arizona which has a proposed bill to make BTCV as a legal tender...and since this can be a pioneering move it would be worth watching. I am sure that the big decision by El Salvador is now slowly influencing other places to do the same...or at least allow Bitcoin to be accepted as a currency on their official transactions.
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Bill Miller, a billionaire investor, says that Russia would likely turn to Bitcoin to reclaim control of their resources. Western sanctions have now blocked Russia's foreign exchange reserves. Bitcoin is frequently regarded as a superior "digital gold" that can partially or completely replace national currencies. What are your thoughts and opinions on this? I would love to hear it! There is a strong possibility that Russia can be using Bitcoin to go around the economic sanctions that it is facing right now and into the future. However, we have to understand that all of these things had have been planned ahead by Putin as he is a truly smart though now so ruthless politician, tactician and a warrior. Another aspect that we should look at is that there can be a China-Russia axis as a result of this because China could not live without the oil from Russia...and if you look at it now even USA have not yet cut off the oil ties with Russia and all that we hear of strong speeches coming from White House is lacking the teeth and all because under Biden they forego of energy independence because of the pressure coming from the left-leaning Democrats. The way it is now, sadly it is Putin's game and should we be celebrating if he will decide to make Bitcoin so legal in his country once and for all? |
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Sadly, it will be a series of crisis that humanity is to experience that can put Bitcoin into the mainstream as a currency and a safe haven. Under any circumstances, Bitcoin is beyond the reach of any government or legacy financial institution. No government can declare Bitcoin to be under the control of the government...they could not devalue it by decree or can they confiscate away from you just like what some governments did to bank accounts of their own people. And we can clearly see the many reasons why Bitcoin is a lot better than fiat during chaotic times.
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What's the point even in differentiating men and women in investments in general? I mean, it's not like both genders have a difference or a special ability that differs them from the other (except genitals ofc). If it was simply because men are more exposed to investments than women, it still doesn't really hold the question as to WHY there should be surveys like this. Does it matter if there are more male or female investors? They're still investors in the end. However, one of the barriers to investing in crypto that many women face is a lack of knowledge. I hope new investors in cryptocurrencies or blockchain projects need to research carefully before participating. Amidst the uncertainty about the future of cryptocurrencies, everyone should still start to learn and do their own research.
Males could also lack knowledge, myself as an example way back then. Lack of knowledge knows no gender and I think it is not good to ascribe this problem to women because no matter what is your gender you can encounter the same problem...and in fact I would say that all prospective investor and trader started with lack of knowledge. The whole thing can be the same whether one can be a woman, man, gay or lesbian or whatever sexual orientation one may have. |
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The whole crypto industry is very much open to anyone regardless of gender whether male or female. Maybe they should be doing a big survey on how many percentage of the LBBTQ+ community are already holding and are planning to get into cryptocurrency...why not just limit to the confine of men and women? Now, having said that, we don't need to be told actually of the increase in the interest of women with cryptocurrency because this is just a natural progression of the industry and who knows one day there can be more women here than men just like the real population ratio got.
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I can still remember reading something about this family who made an all-out decision to go for Bitcoin back years ago...and then we know that eventually Bitcoin got into crypto winter stage but they never waivered...such an adamant and solid position in favor of Bitcoin made them the unofficial Bitcoin family. And now that Bitcoin never go back to the $3K level even during chaotic period, am sure they are now getting the attractive fruits of their decision. Of course, we are now recommending what they did but this is one meaning of making the risk.
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Actually, eBay should have been in cryptocurrency a long time ago and I don't know what took them so long. In fact, they should be accepting Bitcoin and maybe even other coins as well before Amazon will finally decide to open its door for cryptocurrency. Maybe they don't realize of the possible goodwill that joining the cryptocurrency movement can be doing for eBay...this is an opportunity they should not let go. Anyway, let's hope that they can do it as soon as possible so that it can also encourage many other eCommerce platforms to do the same.
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As in anything online, when there is no internet connection then everything can come to a halt. I heard that in Ukraine, the company of Elon Musk called StarLink (hope I got the name right) is providing non-stop satellite-based intern connectivity to Ukraine so maybe in different places the internet can still be access in that war-torn country. Now, of course, when there is no internet then the best remedy is to run to a place where you can get the connection. And it does not mean that BTC is worthless...it is just that you can not access it.
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According to my understanding, Bitcoin is really returning the power of the people back to their own hands on matters of money, banking and finance. However, this is not easily done because in the real world it can be so hard to implement the ideal settings. For example, ideally we should be using Bitcoin to buy on things and services online but not all merchants are accepting Bitcoin. And the way we are doing it is that we still rely on third-party infrastructure instead of directly doing from one to another transferring Bitcoin though in some cases this is really the case. In other words, Bitcoin remains to be a young option and the road for it remains to be long and winding one.
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Yes, this is a very rationale move by Binance as it is not the fault of ordinary Russians that their leader made the war against Ukraine. I am sure that there are many Russians that never welcome this war but under a dictator they are just afraid to have their voice heard. And with falling national currency, Russians should not be cut-off from cryptocurrency as this the time that they really need it most. This is one of the many things that we admire with Binance which is doing the right thing without being told to do so.
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