1) Tyler Winklevoss believes the smartest people are buying Bitcoin quietly.
In a CNBC interview which was published on Friday, Tyler Winklevoss, Gemini crypto exchange co-founder expressed that he believes that “the most sophisticated investors, the smartest people in the room, buying the Bitcoin quietly, so it’s not a FOMO [fear of missing out] thing”. He added
Also, you have publicly-traded companies like Square and MicroStrategy putting their treasury cash into Bitcoin because they’re worried about the oncoming inflation and the scourge of inflation with all the money printing and the stimulus from the COVID pandemic lockdowns.
2) Ontario-based Tahini’s Restaurants explains why Bitcoin is the best way to preserve wealth.
Ontario-based Tahini’s Restaurants known for serving shawarma, hummus, and other Middle Eastern cuisines recently tweeted
Unlike gold, Bitcoin is 100% monetary premium which means it is not used for electronics or any other use cases other than pure money
It also added…
Bitcoin dematerializes value and makes it digital which made it easier to move value across the world without the need for any third parties. We can move $100 million from Canada to the uk to Australia and back to Canada in 2 hours for 30 bucks MAX.
3) Amendment has been made to the Digital and Financial Assets Law in Russia.
Recently President Vladimir Putin has signed a decree where the Russian government officials & citizens will have to disclose cryptocurrency holdings. They will also have to provide the details like the name of the coins that belong to them, the date of purchase, the total holding amount, and detailed information about the asset’s issuer by June 30th, 2021.
4) Binance has announced Binance Smart Chain.
Binance has published on their blog the successful integration of the decentralized oracle platform Chainlink and its smart contract blockchain, Binance Smart Chain. It was mentioned in the blog
By integrating Chainlink, Binance Smart Chain can now support a robust ecosystem of externally connected DeFi applications and numerous other smart contract verticals such as gaming, insurance, and supply chain management. Chainlink oracles are accessible on Binance Smart Chain without any dependencies on Ethereum.
5) Wells Fargo compares BTC with the gold rush in the 1850s.
Wells Fargo, a large US multinational financial services company released a report with the analysis of performances of different financial assets in 2020. The report highlighted that cryptocurrency has been the best performing asset group especially Bitcoin. In the report, it was also mentioned
Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.