Ashleigh Jasso FQQc
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Why are you publishing so many misleading cases that you can make money without investment? Stop deluding people who enter the crypto world. Help give a good image of cryptocurrencies and provide good knowledge so that new people learn about this wonderful world. And most of the content is created by chatgpt, be creative. $BTC
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Microsoft Shareholders Vote Against Bitcoin Purchase Proposal
The Microsoft board of directors asked shareholders to vote against a treasury proposal strategy for $BTC . On Tuesday, they followed the recommendation.
The software giant Microsoft will not purchase $BTC for now, after shareholders voted against a proposal during the company's annual meeting on Tuesday.
Microsoft shareholders (NASDAQ: MSFT) voted on the proposal at the annual meeting. The Microsoft board of directors had informed shareholders in October that they recommended voting against this initiative.
The software giant Microsoft will not purchase $BTC for now, after shareholders voted against a proposal during the company's annual meeting on Tuesday.
Microsoft shareholders (NASDAQ: MSFT) voted on the proposal at the annual meeting. The Microsoft board of directors had informed shareholders in October that they recommended voting against this initiative.
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It is good that $BTC is no longer mandatory in El Salvador
$BTC is free money. It is used and accepted by consensus, not by imposition
Forcing someone to accept bitcoin is a fiat action. Literally fiat. Fiat in Latin means "let it be done", implying a decree. When El Salvador approved its Bitcoin Law and made it mandatory for businesses to accept $BTC , it promoted Bitcoin from a fiat approach, not a bitcoiner one. Therefore, it is not only not wrong for them to decide to modify such an article of the Bitcoin Law, but it is a good thing, a necessary amendment
How does a State adopt Bitcoin for the first time?
That a State adopts bitcoin as currency is inherently contradictory, and it seemed even more so in 2021 when El Salvador was a pioneer in granting legal tender status to the cryptocurrency in the country. This is because Bitcoin dilutes the State's ability to impose monetary policy through the Central Bank. It means giving up power, renouncing a tool.
However, El Salvador had already renounced that power when it dollarized in January 2021. Any dollarized country or one that uses the national currency of another country loses the ability to influence the domestic economy through interest rate manipulation or currency issuance, while becoming dependent on the monetary policy decisions of the country whose currency it uses; the United States, in this case.
Dollarization is an act of faith that the U.S. Federal Reserve will manage the economy "well", although we are left wondering what "well" means in the realm of central banking.
At the moment Nayib Bukele decided to proceed with the adoption of bitcoin, the Federal Reserve was not managing anything well. The huge amount of monetary issuance that had taken place in 2020 to face the Covid19 crisis, under the first administration of Donald Trump, assured high future levels of inflation that would obviously be exported to El Salvador.
And I will place the other part later.
$BTC is free money. It is used and accepted by consensus, not by imposition
Forcing someone to accept bitcoin is a fiat action. Literally fiat. Fiat in Latin means "let it be done", implying a decree. When El Salvador approved its Bitcoin Law and made it mandatory for businesses to accept $BTC , it promoted Bitcoin from a fiat approach, not a bitcoiner one. Therefore, it is not only not wrong for them to decide to modify such an article of the Bitcoin Law, but it is a good thing, a necessary amendment
How does a State adopt Bitcoin for the first time?
That a State adopts bitcoin as currency is inherently contradictory, and it seemed even more so in 2021 when El Salvador was a pioneer in granting legal tender status to the cryptocurrency in the country. This is because Bitcoin dilutes the State's ability to impose monetary policy through the Central Bank. It means giving up power, renouncing a tool.
However, El Salvador had already renounced that power when it dollarized in January 2021. Any dollarized country or one that uses the national currency of another country loses the ability to influence the domestic economy through interest rate manipulation or currency issuance, while becoming dependent on the monetary policy decisions of the country whose currency it uses; the United States, in this case.
Dollarization is an act of faith that the U.S. Federal Reserve will manage the economy "well", although we are left wondering what "well" means in the realm of central banking.
At the moment Nayib Bukele decided to proceed with the adoption of bitcoin, the Federal Reserve was not managing anything well. The huge amount of monetary issuance that had taken place in 2020 to face the Covid19 crisis, under the first administration of Donald Trump, assured high future levels of inflation that would obviously be exported to El Salvador.
And I will place the other part later.
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50% probability of a drop to $$BTC
We have a small brake at the price of 100 thousand, where the price is making a small accumulation to define an exact direction.
As we are at the maximum price of $BTC BTC, there is a 50% probability that $BTC will fall to 80,327 due to profit taking. at a daily time frame level.
This is just to look for strength to break the following levels upwards.
I am not recommending investing, it is just an analysis from a downward scenario, from my point of view and experience.
#Write2Earrn #BTC☀ #CriptoRevolución
We have a small brake at the price of 100 thousand, where the price is making a small accumulation to define an exact direction.
As we are at the maximum price of $BTC BTC, there is a 50% probability that $BTC will fall to 80,327 due to profit taking. at a daily time frame level.
This is just to look for strength to break the following levels upwards.
I am not recommending investing, it is just an analysis from a downward scenario, from my point of view and experience.
#Write2Earrn #BTC☀ #CriptoRevolución
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