Bitcoins : A bit confusing
Article link: Read more
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Extract from the article:
The article highlights the staggering increase in the value of Bitcoin, with a rise from $1,000 to $2,500 in a year, reaching a whopping $1.5 billion price tag within a single year.
The value of Bitcoin, though showing exponential growth, still remains shrouded in mystery and lacks concrete substance.
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My Take:
In the Eyes of the Beholder
"The rarity and value of Bitcoin mirror the concept of rare paintings. Just like art connoisseurs invest millions in paintings for their scarcity and human greed, the value of Bitcoin lies in the perception of buyers.
This ever-increasing value attracts more traders and speculators to the market, much like the appreciation of rare art pieces."
BenamiProperty #Bitcoin #BlackMoney
"In my previous blog, I had suggested linking Aadhar to all properties, not just property deals.
The rise of Bitcoin in the property market post-demonetization highlights its potential as a replacement for black money in transactions.
The evolving landscape of cryptocurrency usage in property dealings reflects the need for tighter regulations and monitoring to curb illicit activities."
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Call to Action:
To the authorities in charge of financial regulations and anti-money laundering measures, it is crucial to monitor the integration of cryptocurrencies like Bitcoin into various sectors, especially real estate.
Implementing stricter policies and oversight mechanisms can help combat the potential misuse of digital currencies for illicit transactions.
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With regards,
www.My-teacher.in / 26 Dec 2024
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