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$BTC
Satoshi Nakamoto's presidential candidate made a statement on Bitcoin – BTC or gold?
Nick Szabo, a cryptographer and computer scientist sometimes associated with Satoshi Nakamoto in the cryptocurrency world, compared Bitcoin and gold in terms of value, storage, and transfer.
Szabo argued that Bitcoin has a number of significant advantages over physical gold, especially for retail investors.
According to Szabo, Bitcoin is "slightly cheaper" than physical gold when it comes to self-custody for individuals. This assessment takes into account storage costs and security risks. He also noted that Bitcoin's transfer process is much faster and cheaper than gold in terms of verification costs and global consensus.
He pointed out that the additional costs associated with the transfer and verification of physical gold are more burdensome and expensive compared to the digital verification processes on the Bitcoin network.
Szabo stated that for institutional investors, the situation is more balanced. He noted that the trust and control issues associated with institutional Bitcoin custody limit the price advantage, and therefore Bitcoin is neither significantly cheaper nor significantly more expensive than gold for institutions.
He added that in corporate custody processes, the key cost drivers are trust infrastructure, regulation, and operational controls.
Szabo argued that the costs of self-custody of Bitcoin could be significantly reduced for both individuals and institutions thanks to technological advances. However, he noted that these technologies are still maturing, have not achieved widespread adoption, and require a support mechanism significantly different from existing institutional trust structures.
He also emphasized that Wall Street and banks' long-standing reliance on centralized custody has slowed this transformation.
#GoldSilverRally #satoshiNakamato #GOLD #Bitcoin
#Binance #BitcoinDunyamiz
Satoshi Nakamoto's presidential candidate made a statement on Bitcoin – BTC or gold?
Nick Szabo, a cryptographer and computer scientist sometimes associated with Satoshi Nakamoto in the cryptocurrency world, compared Bitcoin and gold in terms of value, storage, and transfer.
Szabo argued that Bitcoin has a number of significant advantages over physical gold, especially for retail investors.
According to Szabo, Bitcoin is "slightly cheaper" than physical gold when it comes to self-custody for individuals. This assessment takes into account storage costs and security risks. He also noted that Bitcoin's transfer process is much faster and cheaper than gold in terms of verification costs and global consensus.
He pointed out that the additional costs associated with the transfer and verification of physical gold are more burdensome and expensive compared to the digital verification processes on the Bitcoin network.
Szabo stated that for institutional investors, the situation is more balanced. He noted that the trust and control issues associated with institutional Bitcoin custody limit the price advantage, and therefore Bitcoin is neither significantly cheaper nor significantly more expensive than gold for institutions.
He added that in corporate custody processes, the key cost drivers are trust infrastructure, regulation, and operational controls.
Szabo argued that the costs of self-custody of Bitcoin could be significantly reduced for both individuals and institutions thanks to technological advances. However, he noted that these technologies are still maturing, have not achieved widespread adoption, and require a support mechanism significantly different from existing institutional trust structures.
He also emphasized that Wall Street and banks' long-standing reliance on centralized custody has slowed this transformation.
#GoldSilverRally #satoshiNakamato #GOLD #Bitcoin
#Binance #BitcoinDunyamiz
$BTC
#Bitcoin price has almost reached the first target - the $б1,000 range. Next week, it will become clear whether buyers have enough strength to break through the consolidation triangle upwards and continue to grow to $70,000.
#Bitcoin❗ #binance #newsdaily
#Bitcoin price has almost reached the first target - the $б1,000 range. Next week, it will become clear whether buyers have enough strength to break through the consolidation triangle upwards and continue to grow to $70,000.
#Bitcoin❗ #binance #newsdaily
$BTC
Watch Out After Weekly Close Reaction
The weekly close reaction looks pretty good but dont get too comfortable.
It might just be filling up that Imbalance. lf we hit rejection here we could drop lower or we might just stay in a range for a while.
Keep your eyes peeled, even if those green numbers look tempting after all that red!
If we manage to break through the next target to watch is 58K
It could be a promising level to aim for so lets see how things play out!
#BTC #binance #Bitcoin #newscrypto
Watch Out After Weekly Close Reaction
The weekly close reaction looks pretty good but dont get too comfortable.
It might just be filling up that Imbalance. lf we hit rejection here we could drop lower or we might just stay in a range for a while.
Keep your eyes peeled, even if those green numbers look tempting after all that red!
If we manage to break through the next target to watch is 58K
It could be a promising level to aim for so lets see how things play out!
#BTC #binance #Bitcoin #newscrypto
Overall we are currently on a bearish structure, the resistance from above of us is very strong, and if reached it should react strongly, taking us back to the downside (55,000 - 55,550)
Which means is that we might be expecting more downside on Bitcoin, a retest around 52,500 is necessary before reversal back to the upside.
#BTC #binance #Bitcoin #CryptoNewss
Which means is that we might be expecting more downside on Bitcoin, a retest around 52,500 is necessary before reversal back to the upside.
#BTC #binance #Bitcoin #CryptoNewss
Some analysts believe that the price of Bitcoin may recover to $60,000 by the end of September Analysts at Tyr Capital believe that the probability of ending September with the price of Bitcoin above $60,000 is higher than below this level.
Tyr Capital Chief Investment Officer Ed Hindy noted that despite the historically negative trend for BTC in September - a possible interest rate cut along with the stability of the US economy - could be an unexpected positive for the cryptocurrency market.
#BTC #binance #Bitcoin
Tyr Capital Chief Investment Officer Ed Hindy noted that despite the historically negative trend for BTC in September - a possible interest rate cut along with the stability of the US economy - could be an unexpected positive for the cryptocurrency market.
#BTC #binance #Bitcoin
It's very important to hold $53-54k levels. Currently sitting at the bottom (lower trendline) of the descending channel 50 EMA on WTF is holding well and it's a strong support. f it follows this channel, the next target would be 65k levels.
Hurdles to reach 65k Levels 1st - Need to close WTF above 54k
2nd - The next hurdle would be closing above 57k
3rd- Need to flip to above 63k
4th - Next heavy resistance at 65K
#BTC #binance #Bitcoin
Hurdles to reach 65k Levels 1st - Need to close WTF above 54k
2nd - The next hurdle would be closing above 57k
3rd- Need to flip to above 63k
4th - Next heavy resistance at 65K
#BTC #binance #Bitcoin
$BTC Those individuals who are willing to wait, no matter how bad the market is, are the one who will make big money in the long run. Hold your bags, do not panic. Remember that we are playing someone elses gam #bullish diamond hands. ✈️
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