Are your deposits bursting, my dear subscribers! If you read my recommendations, then they should! 😏 What's next - we wait and analyze when to take profit😀 They also sometimes write that this or that coin will grow tens or hundreds of times. I ask you to approach this from an assessment of the number of coins, multiplied by the price of the coin, and if this amount is inadequate, do not take such forecasts seriously💁
We are going well for LTC and XRP, as I said earlier, the profit is just starting to grow❤️ Good luck to everyone, hugs ❤️
The bill also introduces several terms, including “airdrop,” “bitcoin purchase program,” “cold storage,” and “fork.” Almost all of them correspond to established wording. However, in places where it is necessary to use the more comprehensive word “cryptocurrency,” simply “bitcoin” is used.
For example, an airdrop means “the gratuitous distribution of digital assets to Bitcoin holders in a large, fair, and non-discretionary manner.”
Earlier, Galaxy Digital CEO Mike Novogratz predicted the digital gold rate at $500,000 if a strategic reserve is created in the United States. However, he fears that its creation will be hindered by the struggle between the branches of government.
Recall that MicroStrategy founder Michael Saylor called the Bitcoin reserve “the best deal of the 21st century.”
The digital assets will be held for at least 20 years, but the document provides for exceptions. The so-called "secretary" will be responsible for the safety and monitoring of the cryptocurrency. He is also required to create a system of evidence of reserves.
"The secretary shall ensure that the [reserve] facilities are geographically distributed throughout the United States to minimize the risk of simultaneous compromise and to enhance resilience," the bill says. In addition, after the minimum holding period, the secretary must not recommend the sale of more than 10% of the assets from the reserve during a two-year period.
US Senator Cynthia Lummis has introduced the "Bitcoin Act of 2024" to a vote in Congress, which would create a strategic reserve for the country's first cryptocurrency.
"[It is proposed] to establish a Bitcoin strategic reserve and other programs to ensure the transparent management of the federal government's bitcoin assets, offset costs through the use of certain Federal Reserve System (FRS) resources, and for other purposes," the document says. According to the initiative, the purpose of creating the reserve is "to generate, store, and manage private keys associated with government bitcoin assets."
The bill would purchase 1 million BTC (no more than 200,000 BTC per year for five years). The Fed's gold reserves would be used for these purposes.
If the U.S. does create a Bitcoin strategic reserve, Novogratz predicted the price of the world's largest digital token would soar to $500,000.
"If we get a Bitcoin reserve, as someone who owns a lot of Bitcoin, I'm not going to cry," Novogratz said. Trump's presidential victory has sent Bitcoin up more than 30% and pushed the overall value of the digital asset market above its pandemic-era peak.
A former partner at Goldman Sachs and Fortress Investment Group, Novogratz's net worth has risen to about $5.4 billion this week, up $3.8 billion from its late 2022 high.
The CEO of ARK Invest said that even under a conservative scenario, Bitcoin could reach $650,000 by 2030. However, the first cryptocurrency is capable of more, the CEO said. Cathie Wood explained in an interview with CNBC: Bitcoin's position as an important asset class for diversifying an investment portfolio has strengthened in recent weeks, largely due to the victory of the Republicans led by Donald Trump in the US elections. Under a positive, bullish scenario, the first cryptocurrency could exceed the $1.5 million mark by the end of 2030, and the vast majority of large investment funds will hold the asset on their balance sheets, which will further increase the value of BTC, Cathie Wood believes.
According to her, in 2025, the regulatory policy towards the crypto industry in the United States will be as favorable as possible, which will allow companies not to be afraid of persecution and senseless lawsuits. Earlier, Cathie Wood said in an interview on Squawk Box that the rise in the value of Bitcoin this year is partly due to people trying to protect themselves from the accelerating devaluation of national currencies.
My dears! Based on the mathematics of LTC, as digital silver, it should cost a quarter of a bitcoin. Now it is at the bottom and costs one hundredth of a bitcoin.
Bitcoin and Litecoin cannot be printed like other coins.
No one will cancel the laws of mathematics😏question: how much will LTC cost in this cycle?
Litecoin is a global, open-source payment network that is completely decentralized without any central authority. Mathematics secures the network and allows people to control their own finances.
Guys. Today, Bitcoin is actively bought up not only by private traders: large investment funds have become interested in the cryptocurrency. This is what caused the price to rise.
There is a plan for the Federal Reserve to accumulate 1 million bitcoins over five years, buying up 200,000 annually. Even Trump's joke about covering the US national debt with cryptocurrencies played into the cash register.
Litecoin has implemented an update called MWEB (MimbleWimble Extension Block), which is designed to improve privacy by making it harder to track and allowing transaction amounts to be hidden (already working on Ledger, by the way). And this is in stark contrast to the crackdown on centralized stablecoins. For example, Tether (the issuer of USDT) not only blocks wallets of users on sanction lists, but also tracks transactions on the secondary market.
The Litecoin blockchain does not suffer from overloads caused by the launch of new tokens or NFTs, and therefore, over 12 years of service, its “uptime” is 100%. It can be said that without providing any new features to its users, the LTC blockchain turned out to be ideally “sharpened” for payments and transactions. At the same time, throughout its history, Litecoin has never been subjected to successful attacks or hacks, which indicates a high level of network security. Unfortunately, Ethereum cannot boast of this, due to security problems with which, in particular, we now have just Ethereum and Ethereum classic.