VictorV

$BTC The approval of Bitcoin ETFs could be one of the most important investment events of our generation and would make Bitcoin an asset available to over $30 trillion in combined assets managed by companies applying for such ETFs.

Also last week, the United States Financial Accounting Standards Board (FASB) approved new rules that will allow companies to record their Bitcoin holdings at fair value. This means that companies will be able to reflect the current value of their Bitcoin in their financial statements, even if the price of Bitcoin fluctuates. The new rules will go into effect in 2025. In short, the new rules will make it easier for companies to adopt Bitcoin as a treasury reserve asset.

Considering Bitcoin's market cap of $850 billion, it stands to reason that just from supply and demand, this new liquidity will increase the price exponentially. Remember that the amount of Bitcoins is finite.

#BitcoinETF #ETFs #btc #invertir #dinero

When talking about mass adoption of #Bitcoin, most people think this means using it as a form of payment, and even though this is becoming more common every day thanks to the lightning network, ±70% of the #BTC market are hodlers (people who hold cryptocurrencies for the long term regardless of market fluctuations).

A #ETF of Bitcoin managed by the world's largest fund management companies is, de facto, a massive and much deeper adoption of the traditional financial system, as it will be a common asset in the portfolios of pension funds, social security funds, unions, countries, large banking institutions, etc., actors with much more capital than the retail market and who do have the commercial strength to penetrate the market and place the product.

That is to say, an asset with a finite supply (there will only be 21 million Bitcoins that can be divided up to one-millionth) and with a market capitalization of ±900 billion dollars, must accommodate the global demand for this asset.

Here there will be an objective and scientifically measurable change. If only 30% of the market corresponds to the float (quantity of bitcoins available for trading on the market, excluding those that are stored long-term or lost), with the arrival of new players with the characteristics we have described above, it is logical to anticipate that, in the scenario in which a Bitcoin ETF is approved, there will be a profound disruption of the usual market volume and there will be an increase in the price.

Literally, a new type of asset was created and it would be recognized by the most important authorities in investments worldwide, the SEC.

In my opinion, this is a unique, historic event that will change the financial world.

#Panama #crypto #finance

If you live in #Panama , it's now possible for #binance to be your main bank, even if you don't like risk in crypto. You can have your savings (flexible earn) at risk in USD (dollars) using usdt, earning much more in interest than with a bank in Panama, for example.

And now you can use Redotpay and have a digital debit card for 10 USD (or physical for 100 USD), recharge it for #BinancePay (1%) and have it in your #ApplePay or Google wallet to make purchases in the real world (1%). The physical card allows you to withdraw in FIAT from ATMs.

If you need cash in #FIAT you can also use Binance P2P. There is a lot of liquidity using Nequi, Mony, Banco General, Towerbank, Mercantil, Banistmo and others.

It becomes a bit difficult when you need larger amounts of FIAT, such as if you want to make deposits to buy a property. It is possible, but less "user friendly" than living day to day with the previous methods, but Binance is always moving forward to improve the user experience.

In conclusion, the time has come when in Panama you can bank in crypto as the main bank. It is still impossible to survive without traditional banking, but there has been great progress.