#Bitcoin #RobertKiyosaki #Ethereum
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Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/bitcoin-could-be-off-to-the-races-and-hit-90000-if/
Bitcoin could soon be ‘off to the races’ and hit $90,000 if…
Bitcoin and Gold.
At press time, both of these asset classes were trading in the red. Bitcoin, the world’s largest cryptocurrency by market cap, was trading under the $42k-mark whereas the yellow metal stood at $1,730. Both registered corrections of about 4% and 1%, respectively, yesterday.
Needless to say, this is doing little to alleviate concerns among some investors. In fact, just recently, best-selling author of Rich Dad Poor Dad Robert Kiyosaki warned investors about the same.
“Giant stock market crash coming October. Why? Treasury and Fed are short of T-bills. Gold, Silver, and Bitcoin may crash too,” he said.
https://www.cnbc.com/2021/09/29/wash-sale-rules-could-apply-to-bitcoin-and-ethereum-in-spending-bill.html
Bitcoin holders have a few months to take advantage of a tax loophole that could go away in 2022
The House Ways and Means Committee is trying to shut down one of the most lucrative crypto tax loopholes.
With crypto tokens, wash sale rules don’t apply, meaning that you can sell your bitcoin and buy it right back, rather than waiting 30 days.
The existing rule helps crypto investors when its comes to tax-loss harvesting.
https://www.euronews.com/next/2021/09/29/europe-is-now-the-world-s-cryptocurrency-capital?utm_source=flipboard&utm_campaign=feeds_money&utm_medium=referral
Europe is now the world's cryptocurrency capital as China's Bitcoin bans start to bite
Europe is now the world's biggest cryptocurrency economy, with the continent receiving over €870 billion in crypto in the past year.
Countries in central, northern and western Europe (CNWE) accounted for 25 per cent of all global cryptocurrency activity, new analysis by blockchain data firm Chainalysis found.
The United Kingdom saw the largest volume of cryptocurrency trading in the CNWE region, at around €145 billion. The UK was followed by France, Germany, the Netherlands and Spain.
At the same time as crypto transaction volumes in Europe began to increase in mid-2020, volumes in East Asia - the previous world cryptocurrency capital by transactions - entered a steep decline.
https://www.kitco.com/news/2021-09-29/Robert-Kiyosaki-The-biggest-crash-of-world-history-hits-this-October.html
Robert Kiyosaki: ‘The biggest crash in world history’ hits this October
The whole market, including Bitcoin, gold, stocks, is about to face a serious crash in October, said Robert Kiyosaki, best-selling author of “Rich Dad Poor Dad”.
Speaking to Michelle Makori, editor-in-chief of Kitco News, Kiyosaki explained the factors in the economy that have been leading up to this upcoming crash, and highlighted the severity of the market downturn that’s to come.
“It’s going to be the biggest crash in world history. We have never had this much debt pumped up. Debt is the biggest problem of all…the debt to GDP ratio is out of sync. So when it comes down, and it’s going to bring everything down with it, that’s when I’m going to be buying more gold, silver, and Bitcoin,” Kiyosaki said. “The S&P 500 is really the S&P 7 and it’s being held up by Secretary of the Treasury Yellen and [Fed Chair] Powell. There’s no correlation between the economy and what Yellen and Powell are doing.”
https://ambcrypto.com/is-the-usa-ready-for-bitcoin-ethereum-or-dogecoin-as-workplace-compensation/
Is the USA ready for Bitcoin, Ethereum, or Dogecoin as workplace compensation
Cryptocurrencies are immensely popular right now. However, this wasn’t always the case. In fact, a survey earlier in the year had found that around 84% of U.S adults were either not interested or hadn’t heard of digital assets.
At the time, participants mainly thought of it as a “speculative” asset class, one bound to fade in the coming year. Well, fast forward to September 2021 and there has been a paradigm shift in perspectives.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
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