Post
Topic
Board Bitcoin Discussion
Re: The Rise of Bitcoin
by
Alert31
on 13/11/2020, 14:54:55 UTC
.. .

We recently received several information signals:

1) Iran plans to use bitcoins to circumvent sanctions

2) Okex cryptocurrency exchange's bitcoins have been confiscated by the Chinese government

3) Russians will have to declare all their bitcoins by April 30, 2022.  

I made the following conclusion.

States view Bitcoin as a strategic resource amid the crisis in the global financial system.  This is why the price of Bitcoin is going up.  Large investment companies also want to become bitcoin holders.

In the next decade, to have power, you need to own bitcoin.
Those infos you have gathered are new . Your the first to list them here in this forum . The numbers 1 and 3 are both a positive news because they shows that these country use btc but the number 2 is a bad news because of that word confiscated . Why they do that when okex was a legal crypto exchange or did the exchange did something for thier coins to be confiscated ? Your conclusion shouldn't be fully positive because of that okex issue  but That was only confiscated and there is still a chance that they can return it if issues were sorted out .

OkeX still operating and functioning well while fixing this problem and I believe that it will be settled soon. Only withdrawal is temporarily suspended while they are sorting out the issue. Bitcoin continues to make a big name in the crypto industry which also makes it's value surge high. It's really good to become a bitcoin holder now and wait for the another sky rocket of bitcoin.