Costa Rica Explores Regulation Amid Growing Bitcoin Adoption | BitEagle News on Binance Square

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Costa Rica Explores Regulation Amid Growing Bitcoin Adoption
Costa Rica finds itself at a crossroads as it contemplates proposed legislation that could potentially limit its citizens’ ability to use Bitcoin for everyday transactions.
#Bitcoin  #BitEagleNews 

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JUST IN: 🇺🇸 Hedge fund manager Anthony Scaramucci says Bitcoin could hit $100,000 by the end of the year 🚀 #Bitcoin #BitEagleNews

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𝙏𝙤𝙙𝙖𝙮 𝙢𝙖𝙧𝙠𝙨 𝙩𝙝𝙚 𝙛𝙞𝙧𝙨𝙩 𝙧𝙖𝙩𝙚 𝙘𝙪𝙩 𝙧𝙚𝙙𝙪𝙘𝙩𝙞𝙤𝙣 𝙨𝙞𝙣𝙘𝙚 𝟒 𝙮𝙚𝙖𝙧𝙨. The first rate cut since March 2020 (previous bull run). The forecast and expectations of the market today are: - 0.25% rate cut = bullish - 0.5% rate cut = bullish - No rate cut = bearish The good news? No rate cut is basically already off the table. It's been confirmed a rate cut will happen. The question that remains is whether it will be 0.25% or 0.50%. At the same time this has also been confirmed to just be the start of a series of rate cuts that will extend into 2025 (rate cut cycle). ~ I believe the move of the announcement has already largely priced in. We know there's a rate cut coming and the market already made a bullish move yesterday to front-run it. ~ The potential bad news? (we got to look at each side of the coin) Rate cuts are both a blessing and a curse. Of they achieve what they intend to do? It's bullish. They lower borrowing costs for mortgages, auto loans and credit cards, as well as for business loans. It is also intended to sustain healthy economic growth. Spending becomes easier and this leads to a positive effect to the financial markets. But rate cuts are also the cure to something that needs to be solved (a looming recession). If it is to late and we don't achieve a soft-landing things could break and get worse. ~ My opinion? If things "break" we will likely see the effects of that in only 6 months to 1 year. Other than that I expect the markets to overall react positively to the rate cuts for the next few months. So either we have bullish price action which will sustain itself for a longer amount of time. Or we will have bullish price action but lasting shorter than anticipated and we will have to adjust take profits or risk-off earlier when rate cuts aren't helping. #RateCut #Bitcoin #BitEagleNews

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At 25, my net worth is $25M. Here's how I got there: 🔶 Saved $700 from my job over 8 years 🔶 Saved $500 from my side hustles 🔶 Received a $30M gift from my parents when I turned 18. Follow me for more amazing personal finance advice and tips. #BullRun #BitEagleNews #Cryptohumor

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1. CONSOLIDATION FOR NOW. This is the calm before the storm. It’s a quiet phase, But don’t let your guard down. 2. BULL RUN BY END OF 2024. When it takes off, it’ll be fast. Hesitation will cost you, Those who delay will get left behind. 3. TOP AROUND Q2 OF 2025. This is where greed takes over for most. They'll convince themselves it can’t end. But I’ll tell you PRECISELY when to exit, Just like I did in the last cycle. If you’re not alert, You’ll be the one stuck holding the bag. 4. RECESSION BY END OF 2025. The crash will be brutal and sudden. By the time the crowd catches on, It will already be too late. Those who ignored my warning will be wiped out. Only the disciplined will be profitable this cycle. You must be prepared, Or you’ll watch your hard-earned profits vanish. #FOMC #Bitcoin #BullRun

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NEW: "Don’t be a 'late in life loser' saving fake money and fake assets. Be a young and rich retiree who is financially free because you saved real assets: Gold, Silver, & #Bitcoin ," says Robert Kiyosaki. #BitEagleNews

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