Monday, October 25

European Central Bank Governor Lagarde Concerned About Bitcoin

European Central Bank (ECB) President Christine Lagarde expressed that they are thinking about acquainting another guideline with crypto resources, for example, Bitcoin.

Lagarde, a visitor of BFMTV, said about Bitcoin, which has been sought after as of late, “Crypto-resources are not a cash. It is a profoundly theoretical resource.”

In any case, focusing on that some crypto resources ‘look like cash’, Lagarde said, “If the private area is occupied with cash related movement, it should be dependent upon the very same principles and a similar control systems as different monetary forms.”

Underlining that Bitcoin doesn’t represent an issue for itself, Lagarde said, “What is required is that buyers ought to never be plundered, and they ought to be completely educated about the idea of the danger they take. On the off chance that they purchase a Bitcoin, they should realize that it is a speculative resource.”

Lagarde additionally reminded that such digital currencies are utilized for criminal operations in spots like Darkweb.

Historical record from Bitcoin: Bitcoin saw over $ 48,000!

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After the electric vehicle manufacturer Tesla announced that it purchased a total of $ 1.5 billion in Bitcoin “in order to increase the flexibility of its cash assets, diversify and maximize its returns”, the highest volume of Bitcoin in the cryptocurrency markets reached a value of 48 thousand dollars, with an increase of more than 20 percent.

According to the company’s statement to the US Securities and Exchange Commission (SEC), the company will start accepting Bitcoin in vehicle sales at the next stage. Dogecoin, which Tesla CEO Elon Musk, the famous rock band Kiss’s Gene Simmons and famous hip-hopist Snoop Dogg shared repeatedly on Twitter, also ranked among the top 10.

Bitcoin, which fluctuated between $ 38,506 and $ 47,131 in the last 24 hours, climbed 20.97 percent to $ 46,426.57, while the weekly earnings of the unit were calculated as 37.69 percent. Bitcoin’s total market volume also climbed from $ 143 billion to $ 862 billion from $ 719 billion. So what is Bitcoin the latest? Why did Bitcoin rise, how to buy Bitcoin?

BITCOIN REFRESTS 2021 RECORD FOR THE SECOND MONTH!

With the effect of increasing corporate purchases, the total market volume, which exceeded the 1.0 trillion dollar limit for the first time in history on January 7, rose from 1 trillion 179.67 billion dollars to 1 trillion 363.85 billion dollars with an increase of 184.18 billion dollars in the last 24 hours.

In the crypto money markets, the value of only 9 units fell from the highest volume 100 units in the last 24 hours, while one unit was among the top 10 units.

Bitcoin made up 63.3 percent of the total market volume in 33,525 markets, where a total of 8,414 cryptocurrencies were traded. The 24-hour trading volume in all markets also increased from $ 167 billion to $ 226 billion.

Wavy Days at BITCOIN

European Central Bank (ECB) President Christine Lagarde reiterated her opinion on Monday that they are considering a new regulation on crypto assets such as Bitcoin.

Lagarde emphasized that crypto assets are not “currencies” but “highly speculative assets” regarding Bitcoin, the most popular unit of the crypto money markets.

In a statement he made on January 13, Lagarde emphasized that international cooperation is required for a regulation that will convert Bitcoin from being an “asset” to a “currency”.
Answering questions about cryptocurrencies in an online conference he attended, Lagarde described cryptocurrencies as “a highly speculative investment tool with strange things going on”.

WHAT IS CRYPTO MONEY / BITCOIN?

Created by Satoshi Nakamoto in 2009, Bitcoin (symbol: oluşturulan, abbreviation: BTC) is the first cryptocurrency that is decentralized and not affiliated with any official institution.

Crypto money is a digital asset, a virtual element, that uses cryptography to secure transactions, the way it works is designed as an alternative to cash exchange. Crypto currencies are a kind of digital currency, alternative currency and virtual currency.

Crypto money is not a currency produced by any state. Decentralized cryptocurrencies are therefore not connected to any bank. Crypto money is not managed by any person. It is also not possible to exchange crypto money, which is impossible to imitate. It cannot be won because it is not a physical object.

HOW AND WHERE TO OPEN A BITCOIN ACCOUNT?

As the answer to the question of “How to buy Bitcoin”, you must first make an application to one of the domestic or foreign crypto money exchanges and create a secure registration by authenticating. Since registration and security are very important in the crypto money exchange, it is recommended to perform transactions in the crypto money exchange with the security level of the security network such as “face recognition, identity verification, phone number and e-mail confirmation, being able to log in and make an account through a single channel”.

In order to be ready to trade on the crypto money exchange after you register securely, you need to keep the amount of Bitcoin you want to buy in the wallet section of your account. It will be sufficient to securely enter the account information where your money is located in the wallet or similar places to transfer money to your Bitcoin account. Let’s answer the question of where to buy bitcoin as follows; You can choose websites recommended by well-known and well-known investment experts on Youtube.

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WHY IS BITCOIN RISING?

With the speech of Tesla CEO Elon Musk, investors who think that the rise of Bitcoin has increased, believes that Bitcoin has made a significant leap before Musk’s support. According to the statements of analysts, one of the reasons for Bitcoin’s rise is the increasing demand for institutional companies that buy large amounts of Bitcoin. For example, last year MicroStrategy, a US-based software company, bought only 40,824 Bitcoins, causing an increase in prices.

As global payment giants like Paypal began to offer cryptocurrency trading services, Bitcoin was increasingly favored by citizens. Paypal, which has approximately 300 million users in the world, contributes greatly to the increase in Bitcoin demand.

One of the reasons for Bitcoin’s rise is its limited number. While only 900 Bitcoins are produced per day, it is no longer purchased and it is almost impossible to exceed this figure. Accordingly, when the supply is limited and demand increases, e-Bitcoin prices also rise.

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