Bitcoin Price of 1 Million US Dollars Feasible Due to US Presidential Elections
According to Cointelegraph Germany, Arthur Hayes, former CEO of the cryptocurrency exchange BitMEX, predicts that the upcoming US presidential elections and associated lenient monetary policy could lead to a significant rise in Bitcoin prices. He sees this as a "golden opportunity" for investors to stock up on Bitcoins at a low price.
Mr. Hayes also emphasizes the role of Bitcoin as the hardest money of all and its function as a hedge against inflation. Given the strength of the dollar and its pressure on the currencies of emerging markets, this could be particularly relevant.
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Strike Launches Bitcoin App in Europe
FinanzNachrichten.de reports on the launch of the Strike Europe platform by the company Strike. This enables users from selected European countries to buy or sell Bitcoins easily and securely, as well as make global payments.
The app utilizes the Lightning Network to accelerate the transfer of digital currencies across continents without high fees – a crucial step for global financial interaction using cutting-edge technology.
Best Time to Buy Bitcoin – Indicators Suggest Room for Growth
According to an analysis by Cointelegraph Germany, current on-chain metrics such as MVRV (Market Value to Realized Value) indicate that now might be an optimal time to buy Bitcoin. The metrics suggest that despite recent price corrections, they were healthy and now offer potential for new highs.
Crypto analyst Checkmate describes the situation as "one of the healthiest corrections," while other experts also see positive signals for long-term investments in Bitcoin based on these data points.
European Election Check: What CDU Thinks About Bitcoin and the Like
In an article from BTC-ECHO | Bitcoin & Blockchain since 2014, the position of the CDU regarding cryptocurrencies like Bitcoin is examined. Especially in terms of regulatory developments within Europe, a nuanced approach to integrating these technologies into the existing financial system of Germany or Europe is shown.
This also involves topics such as the digitalization of the Euro and potential taxation models for profits from cryptocurrency transactions - all relevant points in upcoming political decision-making processes concerning digital assets.
