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support was penetrated by bears given its potential it’s clear to see that Bitcoin is currently under valued by most analysts standard Bitcoin price predictions place the number-one crypto by market cap into hundreds of thousands with some estimates reaching a staggering 1 million dollars the United States dollars such an estimate was made by the eccentric cybersecurity expert earned crypto influencer John McAfee who offered to eat his own dick on national television if his prediction didn’t come true by the end of the year 2020 since that bold claim was made the crypto community has been watching Bitcoin price closely tracking it in accordance with the map if he declined according to the infamous decline bitcoin is currently nearly dollar 34k undervalued Bitcoin falling short of declines trajectory to mcih fees 1 million dollar prediction back in July of 2017 before Bitcoin price truly went parabolic founder of antivirus pioneer McAfee labs John McAfee made the claim that it would reach 500 thousand dollars for BTC within three years he later revised his estimate based on a new prediction model tuned to how quickly the cryptocurrencies value skyrocketed and changed it to 1 million dollars by the end of 2020 he also reiterated his commitment to his wager when I predicted Bitcoin at $500,000 by the end of 2020 it used in model that predicted 5,000 dollars at the end of 2017 BTC has accelerated much faster than my model assumptions I now predict per coin with 1 million dollars by the end of 2020 I will still leave my dick at all picked twitter.com WB x3e 71 News John McAfee at office on 30 November 29 2017 following McAfee Street the crypto community became so enamored with the wild yet confident prediction for the website was developed called Klein thought info that was dedicated to tracking Vikram’s progress along a plotted 0.48 409 fifty five to six percent per day growth trajectory that would match up with McAfee’s end goal for PTC related reading Bitcoin bottoms doesn’t matter last time general population can afford entire BTC the infamous decline had been mostly forgotten about as McAfee distracted the world with his antics which includes a presidential running 2020 a crypto backed fiat currency that adorns his likeness and his going into exile to avoid paying new taxes to the IRS however outspoken Zephyr bacon creator of Satoshi info Jameson laughs didn’t forget and recently called attention to how Bitcoin is grossly undervalued according to the decline trajectory Bitcoin is now undervalued by an order of magnitude according to HTTP colon slash slash t dos y MV y + HQ jb5 picked twitter.com cn3 old buzz Jameson lop ad lop February 22nd 2019 according to the site Bitcoin price is currently eighty nine point five one percent below where the leading cryptos value would need to be to reach 1 million dollars by the end of 2020 for Bitcoin to reach such a milestone it should currently be valued at 37 thousand seven hundred ninety seven dollars according to the site the number one crypto by market cap is currently trading at around three thousand nine hundred thirty dollars suggesting that PTC is undervalued by nearly dollar 34 K related reading John McAfee interview Bitcoin will become the gold standard while many believe that Bitcoin will indeed reach incredible value if its potential is ever fully realized a $1,000,000 per BTC prediction may be unreachable as it would put its market cap somewhere around 21 trillion dollar dollars if it doesn’t reach the lofty goal set by McAfee crypto enthusiasts will be disappointed Bitcoin didn’t reach it but they’ll surely be tuning in to watch McAfee stay true to his word on national television thanks for watching the ohio bitcoin comm bitcoin news channel disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin dot-com nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please click the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon young rolls out crypto currency reporting Topher accounting taxes one of the top for auditing giants Ernst and Young LLP rolled out a crypto currency reporting tool for accounting and tax purposes according to a company press release published on March 4 primarily meant for the calculation of taxes on cryptocurrency transactions the tool is called the eight crypto asset accounting and tax tool cotton the tool will be rolled out in the United States prior to its introduction in other markets and is an effort by the company to boost its blockchain related services the company rolled out car going to the massive increase in cryptocurrency investments by eight clients in the recent years and the rise in institutional interest further that press release stated that the tool will be offered to institutional and individual clients who indulge in crypto currency trading Marnie Ricker am Ericka’s vice-chair of tax services said we are excited to offer an innovative technology specifically to address our clients needs in the crypto asset space a comp will allow users to pull all their transaction level information from major exchanges and gather data from different sources to automatically produce reports allowing simpler IRS tax returns pertaining to cryptocurrencies Qi write Patel a foundry leader said a cot is a timely addition to our expanding portfolio of successful new digital businesses of the foundry the surface will be accessible to the auditors high-net-worth clients through the a private client services practice Michael my solar partner and a global blockchain tax leader stated a cloud is the hallmark of our efforts in crypto assets in blockchain from a tax perspective globally and we will continue to work hard to make it the product of choice for eight clients currently Ohio is the only u.s. state that allows businesses within its borders to pay their taxes in Bitcoin BTC state officials are looking to expand its offering to include individual tax payers soon thanks for watching The Ohio Bitcoin com Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price of articles and Markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin dot-com nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon bitcoin is creating a better banking system for a better world the core banking system sucks its for everyone but it sucks more if you are poor or live under a dictatorship technology allows us to build a better core banking model by core banking I mean deposits and loans in the real economy not just transferring value between users or creating synthetic financial products here is the formula for a better banking model matched funding deposits loans plus insurance plus locked chain technology this will help reduce inequality combat authoritarianism and diminish excess variance in the business cycle in this coming struggle you are either with the spirit of our better human values epitomized by Satoshi Nakamoto or you are with the big banks if the idea of a better banking model speaks to you and you are willing to get your hands dirty join us the problem billions of people live in a darkness that a better banking model can lighten according to the World Bank approximately 3.5 billion people live in poverty and don’t have a savings account at Bank dot 1 this means that a couple in Mozambique has no savings mechanism that could help them in they hope to educate their daughters like many their only choice is to operate in cash even though the father has a job the human rights foundation estimates that 4 billion people live under authoritarian governments dot 2 this means that a young man studying in Vietnam keeps quiet about the malignancies he sees in the system he does this because he dreams of getting married and to get the girl he needs a house and to get the house he needs a mortgage from the state bank consider this reality closer to home Bank of America will charge low income customers 12 dollars per month for their checking accounts unless they have a $1,500 account balance at Laura underscore Nelson Twitter 2018 finally a bank with some fresh ideas on how to make poor people poorer at kishan Akali twitter 2018 let’s see what binds these people together a sick your savings account is foundational to a full life a life where the individual can express the truth as they see it and also participate in the natural uplift of the real economy it is the solid ground that allows us to formulate our own thoughts without outside influence and provide a better future for our families although we tend to overlook such basics in the West the virtues arising from secure savings accounts are indispensable to higher-order democratic structures this can be seen graphically as a kind of Maslow hierarchy of needs hierarchy of needs for a healthy society if you want to reduce poverty you need to start at the bottom of this hierarchy and let the benefits flow upwards similarly if you want to promote democratic societies you need to get the bottom right in the first place there is typically a positive statistical correlation between poverty and an authoritarian form of government and between wealth and liberal democracy this flows not from elections at the top but from secure savings accounts at the bottom plugged into the real economy where people have the independence to come up with their own opinions without coercion and are able to share in the productivity of the economy societies flourish so what binds those living in authoritarian countries the unbanked in Africa and the financially excluded in America together they are all missing the secure productive savings account foundation needed as a defense against the related evils of authoritarianism and inequality what would core banking look like if it were truly to serve society a core banking system built to serve society would have the values set out below independent meaning that it should be censorship resistant and self controlled so governments cannot seize a person’s account people need to have security over their money without fearing government retribution for any exercise of their human rights fare the system should channel the productive returns of lending in the real economy to savers without the banking sector capturing the majority of such returns everyone with savings no matter how small should be able to benefit from this natural uplift today’s fractional reserve banking system is designed for the benefit of the few than the many the very nature of fractional reserve banking is incompatible with a truly healthy society the origins and basis of our banking system our banking system originated from precious metal guilds in the Middle Ages deposited gold mainly represented value that had already been created in the economy these goals developed the concept of issuing paper I o use against the deposited gold as not all depositors typically demanded their gold back at the same time this led the depositories to issue more paper io u–‘s for making loans from the gold that they held they retained a fraction of the gold in case a merchant needed physical gold these deposit trees evolved into today’s banks whose core model is based on the same fractional reserve concept this core banking system is inherently dishonest at its heart are three fundamental lies that pervert society and the economy one the bank will tell you that the money you deposit belongs to you in fact legally the money becomes the property of the bank in law you are an unsecured creditor to them in return the bank gives you an IOU called a deposit account the deposited money is recorded as an asset on their balance sheets and deposit accounts are recorded as their liability to you two the bank will tell you that your money is safely held at the bank in fact the bank holds only a fraction and then loans the rest of it out if you want more than this fraction of your money back the bank takes it from elsewhere 3 the bank will tell you that your funds are insured by the government up to a certain amount in fact there is no government insurance fund that corresponds to these deposit amounts it isn’t insurance it is a government undertaking in a failure situation to print more money to give to the banks so that they can repay by liability to you fractional reserve banking is illustrated below fractional reserve banking an inverted house of cards banking’s greatest deception is that the power of money creation is mainly in the hands of big commercial banks not the state the Federal Reserve doesn’t create most of the money in the United States large American banks do through the loan deposit account process since both paper money and bank created money you have purchasing power they are both officially considered money why does the current core banking system suck there are two main reasons why this core banking system sucks it leads to inequality in society and it’s dangerous for the economy inequality in society the banking system uses the funds of depositors as their own to make higher returns driven by profits on loans deposits and loans of a core of banking and are exceptionally profitable given the risk assumed the system essentially is a mechanism for taking a little bit from everyone and channeling it to owners who are disproportionately there 1% of society all depositors are disadvantaged by their exclusion from the rewards of the natural productivity of the economy whether they are middle-class savers in America or a wealthy family office in Switzerland or a corporation in Japan in addition the biases in the lending process driven by a human preferences that manifest themselves technically in the debt service coverage ratio or interest rate on loans inevitably favoring groups over out groups this bias is institutional exacerbated by the structural nature of fractional reserve banking further the current banking system has completely failed the poor crypto industry still at odds over JPM coin weeks after the announcement of the JPM coin the crypto industry is still confused about whether to embrace or reject it now vine ins put out a study on March 1st 2019 claiming that the coin will not be in competition with ripples XRP what to do in February 20 19 km organ broke the news that they would be launching the JPM coin a dollar backed coin that would be used for cross-border transactions among their customers the news is already weeks old but discussions surrounding it if not slowed down in the least there has been commentary calling the move critical due to the management of JPMorgan previously bashing Bitcoin and also discussion about what place the new coin will have in the market and more specifically who they would be competing with the most obvious candidate is ripples XRP token which is the go-to for cross-border transactions in the industry the initial verdict was that the JPM would definitely be competing with XRP because they would be targeting the same class of users who want quick and affordable cross-border transfers finances take now it would seem that opposing views are forming within the crypto industry regarding the matter and one firm that has chimed in his finance who released a report on March 1st 2019 addressing the issue they argue that when the JPM coin takes off they will make use of a private permission and quorum blockchain network to conduct inter institutional transfers and value settlements in the case of XRP the focus is to promote interbank transfer in settlements and also to serve as a mediator between Fiat and crypto services this is in contrast to the closed network system that JPM will be making use of ripple has seen partnerships with the number of banks around the world because they trust their platform this will not be the case with JPM because banks will be reluctant to make use of another Bank settlement token it is more feasible that other banks will create their own coins this means according to the study that both coins are targeting different markets and thus will not compete with each other mixed reviews the by Nance Report is just another example of the conflicting opinions being given in the industry about the coin a fiat backed stable coin is an essence of central bank digital currency but with the credits risk of the depository Bank eg JPM coin a free-floating digital asset like X RP has credits risk against its largest holding party that party is in essence its central bank Simon Taylor at sea Taylor March 3rd 2019 other commentators speculated bloody crypto war fight between dollar JPM and dollar XRP is coming you like the dud I hope both of them were killed by each other finally dot Coco man g @ coca man G March 3rd 2019 thanks for watching the Ohio Bitcoin con Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin dot-com nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Apple co-founder Bitcoin ptc has seen massive value creation and will become world’s reserve currency Apple’s co-founder Steve Wozniak spoke about Bitcoin at one of Bloomberg’s events on 26 February 2019 he also addressed topics ranging from AI and machine learning to Bitcoin and how it will become the world’s reserve currency steve wozniak occur the wonderful wizard of was is an american inventor and electronics engineer who co-founded apple with steve jobs during his sit-down with Bloomberg Slough civ game or Alden Wozniak said that he still stood by his prior comments about Bitcoin becoming the world’s reserve currency was the app Kadett I’m not sure that I can but that we’ve seen massive value destruction but I think we’ve seen massive value creation psychology will often drive markets I never invested in Bitcoin as an investor I only had a Bitcoin to experiment with and find out how to buy and sell things around the world and find restaurants that accept Bitcoin the co-founder further said that he still had some bitcoins which he experiments with on new devices and applications Wozniak first gave his insights on Bitcoin and ethereum at the 2018 crypto summit at the summit he referred to blockchain as a new technology that is changing the face of financing Steve further said that locked Shane was still in the NASA space and new things are exciting and what drive us and push us at the money 20-20 events was in the app called Bitcoin Puran stated Bitcoin is mathematically defined there is a certain quantity of Bitcoin there’s a way it’s distributed and it’s given and there’s no human running there’s no company running and it’s just growing and growing and surviving that to me says something that is natural and nature is more important than allah human conventions thanks for watching the ohio bitcoin comm bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither a ohio but coin dot-com nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more breaking bitcoin headline news and blockchain analysis soon [Applause] [Music] see founders of Apple Tesla and Twitter are all united by interests in Bitcoin but can this help adoption although Bitcoin has been caught in a persisting bear market for well over a year multiple major tech gurus and visionaries from some of the largest companies in the world including Apple Tesla and Twitter – have lauded the cryptocurrency in recent times signalling that Bitcoin and crypto in general may soon become the focus of more innovation from major tech corporations Steve Wozniak the co-founder of Apple has long been an advocate for Bitcoin but just recently doubled down on his praise for the cryptocurrency noting that he still believes in the digital currency and its underlying technology despite the massive sell-off that has ensued over the past year Wozniak there has been massive value creation since Bitcoin price crash as reported earlier by news the co-founder of tech giant Apple recently shared his thoughts on Bitcoin noting that it has incurred significant value creation over the past year despite its less than impressive price action as of late we’ve seen massive value destruction but we’ve seen massive value creation I had a lot of Bitcoin but never as an investor I only had Bitcoin to experiment with and I still experiment with it on new Bitcoin devices Wozniak said in a recent interview with Bloomberg Wozniak further added that he doesn’t want to be one of those people constantly checking the price and that he believes the persisting bear market is largely due to human psychology and is not a reflection of the technology’s value or of its fundamental growth could interest in Bitcoin from tech gurus help improve its adoption rates recently more and more notable figures within the tech industry have been expressing their interest in not only in blockchain technology but in BTC itself the question is will their interest in the crypto help aid its adoption rates in a recent episode of arc invests fee podcast Elon Musk the founder of Tesla and SpaceX shared some interesting thoughts on cryptocurrencies noting that bitcoin is quite brilliant I mean I think the Bitcoin structure was quite brilliant it seems like there’s some merit to ethereum as well and maybe some of the others he noted despite this positive sentiment it does not appear that musk is interested in guiding any of his companies towards adopting or investing in cryptocurrencies as he further explained that he is not sure if it would be a good use of Tesla resources to get into crypto although Musk’s interest in crypto may be limited the CEO of Twitter Jack Dorsey recently endorsed the launch of an in-browser tipping extension that allows Twitter users to send BTC tips via the Lightning Network this is excellent Dorsey said while referencing an article regarding the launch of the tip-in extension this is excellent F at Tipton underscore may inverted exclamation point HTTPS t KO / v – Jack at Jack February the 20th 2019 furthermore Dorsey lauded BTC in a recent tweet describing it as resilient and principled bitcoin is resilient Bitcoin is principled Bitcoin is native to Internet ideals and it’s a great brand he said in response to a question regarding why bitcoin is the only cryptocurrency he owns Bitcoin is resilient Bitcoin is principled Bitcoin is native to Internet ideals and it’s a great brand – jack a jack February the 5th 2019 Dorsey’s other company payment processing giant Square has also implemented several features that allow users to interact with cryptocurrencies on a deeper level and he was an early investor in lightning labs a Bitcoin Lightning Network development startup as these tech gurus interest in Bitcoin and cryptocurrency continues to grow it is likely that their respective companies will be more prone to incorporating crypto friendly features like those already found in Square which will help eight widespread adoption regardless of the state of the markets thanks for watching the ohio bit Bitcoin News Channel today we appreciate you spending a bit of your very valuable time with us disclaimer price articles and markets updates are intended for informational purposes only

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