California News Times

A growing crypto economy “may create more jobs than the Internet.”

Wow!

our Bold profit Cryptoble’s Ian Dier and Coinbase co-founder Fred Ale Sam agree that crypto will have a significant impact on our workforce.

As Ian sees, the evolution of cryptocurrencies is at a loss and is just beginning.

So this month I would like you to take a step back and see the big picture.

Even if you’re not all-in to crypto, the technology behind it affects us all day long. It is also an incredible investment opportunity.

You’ve heard me talk about it before. Blockchain.

Blockchain is like a secure digital ledger. This makes medical records, voting, marriage licenses, and even ATMs all more efficient.

But it’s nothing more than Bitcoin.

Let me tell you that this blockchain / bitcoin mashup is just a ticket for America 2.0 profits. And even if you’re not ready to buy a cipher, I can see a new ETF that can give you the same great exposure.

Bitcoin $ 115,000 by August? Damn straight!

Bitcoin first appeared in 2008 by an unknown individual or group identified as Satoshi Nakamoto.

Cryptocurrency is a semi-anonymous decentralized digital currency based on blockchain technology. First used in 2009.

By definition:

Bitcoin has neither a central bank nor a single administrator.

Described as a peer-to-peer electronic cash system, it means one of the world’s largest developments in financial technology, also known as FinTech.

Simply put, it allows people to send money to each other quickly and cheaply, without having to hire an intermediary. It can also be quite informative.

And what is beneficial is what we believe! Ian’s Bitcoin forecast is $ 115,000 by August. This is an increase of 238% from today. But we have a strong hand and stand behind his #BOP (Bullish Optimistic Positive) call!

Bitcoin is different from other currencies. Not only to print, but to a limited number, creating a natural rarity (one of Paul Manpilly’s criteria) Going Upness Strategy.. )

It is not mined from the earth like gold.

As you can see in this video screenshot of Digital Trends, Bitcoin mining running today takes place in large mining facilities or data centers.

These thermally tuned facilities mine from hundreds of simultaneously running Bitcoin mining computers using hardware servers such as: Integrated circuits for specific applications, Or ASIC.

Miners create Bitcoin by solving complex mathematical problems using computers. Solving these math problems is the process of verifying the legitimacy of Bitcoin trading.

Miners worth 1 megabyte Bitcoin trading, These blocks, called “blocks”, are added to the blockchain or public ledger.

Blockchain process

As a reward for completing and validating the block of Bitcoin transactions, miners receive Bitcoin as a payment.

But get this.

The amount of Bitcoin that can be mined is limited. (Remember … not enough).

The exact amount is 21 million Bitcoins.

Once 21 million Bitcoins have been minted, new Bitcoins will no longer be in circulation. The expected year for this to happen is 2140.

Currently, about 18.75 million Bitcoins are produced, which is equivalent to mining 89.28% of all Bitcoins issued. So about. 2.25 million Bitcoins have not been mined yet.

It will take another 119 years for the last Bitcoin to be mined.

why? Well, it’s all about half the process, which happens about every four years.

For Decrypt.co to frame properly:

In return for discovering blocks, Bitcoin miners receive a fixed Bitcoin block reward. When Bitcoin was first launched, the reward was set at 50 BTC, but it will be halved on a regular basis after the discovery of a new block of 210K. This happens approximately every four years and the rewards are reduced to 25 BTC, 12.5 BTC, 6.25 BTC and so on.

So far, three halves have been completed. Half of the latest Bitcoin occurred in May 2020, reducing block rewards to 6.25 BTC. The next half is expected to occur in 2024.

Half of Bitcoin

In 2013, about 3,600 Bitcoins were mined daily. In 2017, 1,800 Bitcoins were mined daily. This year, about 900 new coins will be added daily.

According to Bloomberg data, Bitcoin mining supply will decline to 450 per day in 2024, and by 2025 the annual change in aggregate supply will be set at less than 1%.

Now this is a place where you can make a profit!

Low supply = high price = high profit

If the shoe store has a million pairs of purple sneakers you want, you’re not going to pay them a higher price. Go to the next store in the same pair.

However, if you have only one pair left, you will have to pay the amount needed to get those sneakers.

That is the rule of supply and demand. And that’s what Bitcoin is doing for it.

According to Bloomberg’s analysis, this decline in Bitcoin supply is set to push up Bitcoin prices.

First, as you can see in this historic price chart, Bitcoin prices are skyrocketing. Starting at $ 0.06 per Bitcoin in August 2010, from the recent high of $ 64,869 in April 2021 to around $ 34,000 per Bitcoin today.

Today’s cheaper prices offer great buying opportunities for Bitcoin.

Bitcoin price chart

According to Bloomberg data, the supply of new Bitcoin is expected to be below 2% of the total unpaid amount in 2021, but will be 4.3% in 2017 and 15% in 2013. This raises the “bitcoin price bias.

“If the previous pattern is repeated, Bitcoin has added at least zero to its price in the years after the annual supply has been halved.”

With lower supply and higher Bitcoin prices, crypto may be on track towards Ian’s $ 115,000 forecast!

This is closely linked to the maturity of Bitcoin and the increasing adoption of mainstream as a digital gold investment.

Become a Bitcoin Bull to earn big profits

Well, these days Market talk YouTube webcast, showing polls conducted earlier this year. Over 75% of you were ready for encryption.

And I challenged to get on the remaining 25%!

Did it work?

I have your back in either way. 😊

Exchange Traded Funds (ETFs) will be introduced that can provide excellent exposure to blockchain technology, Bitcoin and cryptocurrencies without actually buying Bitcoin.

Already for Bitcoin bulls, it could even be a great boost to Bitcoin prices!

I’m talking about Cathie Wood’s Ark Invest Bitcoin ETF, which could soon hit the open market. According to the fund’s Securities and Exchange Commission filings, this ETF will be traded under the ticker ARKB to track Bitcoin performance.

Bitcoin-focused ETFs like ARKB in the future show a growing interest in this cryptocurrency investment theme for the masses. This type of ETF is very likely to increase the demand for Bitcoin and therefore its future price.

So what does this mean to you, Bold Profits Nation?

Now, there is a leg in the demand for Bitcoin!

Well, for you Super Bulls …

Ian’s $ 115K, predicted in August, is a little potato for him to know where it’s heading. In the overall bull cycle, he calls Bitcoin $ 350,000!

He is so bullish on the future of the crypto market that he has launched his first special event called “Entering Cryptocurrency”.

Please click here To see it now.

Cryptoverse promotion

If I didn’t make believers from you today, I’m sure Ian would. This is a free event.

Take a look at it and let me know if we have turned you into a Bitcoin Bull of Bold Profit!

To enter the crypto berth, go here now: www.BoldProfitsCryptoverse.com..

Until next time,

Amber Lancaster smart home

Amber Lancaster
Investment Research Director, Banyan Hill Publishing

Bitcoin Blockchain: Not a Bull? You Will Be… Source link Bitcoin Blockchain: Not a Bull? You Will Be…

(Excerpt) Read more Here | 2021-07-10 04:16:26
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