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In 2016, when Donald Trump won the U.S. presidency, Bitcoin’s price shot up from around $1,000 to almost $20,000, which was a huge 2,000% increase. Now, in 2024, Trump has won again, but Bitcoin’s price is around $70,000, and it hasn’t surged anywhere near 2,000%. So, why hasn’t Bitcoin seen the same massive increase this time? The main reason Bitcoin didn’t surge like it did in 2016 is because the Bitcoin market is much bigger and more mature now. In 2016, Bitcoin was still a new and small market, so even a small amount of new interest could cause a big jump in price. But today, Bitcoin is much more widely known, and it takes a lot more money to push its price up by such a huge amount. Additionally, people now see Bitcoin as a stable investment rather than a "new" and risky opportunity, which means it doesn’t attract the same kind of explosive interest as it did years ago. #DonaldJTrump #US47thPresident #BullishPeriod #GrowCrypto #BinanceSquareFamily #Write2Earn
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In pakistan On November 4, the State Bank of Pakistan (SBP) dropped a major announcement: a package of policy proposals that could make digital assets, like cryptocurrencies, legal tender across Pakistan! Led by SBP Governor Jameel Ahmad, the Monetary Policy Committee (MPC) pitched amendments that would allow state banks to issue a digital currency and even penalize unauthorized issuers. If approved, this could open doors to a Central Bank Digital Currency (CBDC), creating a potential digital rupee! These amendments also propose to allow state banks to manage digital payment services, potentially integrating blockchain for transactions like crypto buying, selling, and trading. This is a HUGE turn from the previous government stance, which leaned towards banning cryptocurrency. Earlier in 2023, former finance minister Aisha Ghaus Pasha signaled a strong anti-crypto view. But since March 2024, Muhammad Aurangzeb, Pakistan’s new finance leader, has flipped the script, moving the MPC in a more pro-crypto direction. MORE GOOD NEWS! The MPC also announced a 2.5% interest rate cut, anticipating economic improvements. Lower food inflation, favorable oil prices, and stable gas tariffs are setting the stage for a 2.5-3.5% GDP growth target for FY25. If these crypto-friendly proposals pass, this could be a game-changer for Pakistan’s digital assets market, helping to curb illegal trading and establish safe, regulated options.
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Pakistan is moving towards a significant change in its financial landscape by proposing amendments t to the State Bank of Pakistan (SBP) Act to integrate digital currencies into its system. This progressive shift suggests a strong commitment to advancing a modern financial infrastructure, including central bank digital currencies (CBDCs) and regulated digital assets. Here’s a breakdown of Pakistan's approach: Key Developments: 1. Central Bank Digital Currency (CBDC) Potential: The SBP is set to consider CBDC transactions, which would likely involve a state-backed digital currency that could become legal tender. This would position Pakistan alongside other countries exploring CBDCs, adding a regulated, government-backed digital currency to its economy. 2. Regulatory Framework for Digital Payment Systems: The SBP plans to create a subsidiary focused on digital payment systems, which would support a comprehensive regulatory framework for digital finance. This step aims to bolster Pakistan’s financial infrastructure, making digital transactions more accessible and secure. 3. Cautious Stance on Cryptocurrencies: Although Pakistan is embracing digital finance, it remains cautious about volatile cryptocurrencies like Bitcoin. These assets are still seen as high-risk, signaling that Pakistan's focus is primarily on regulated digital finance and state-issued currencies, rather than decentralized assets. 4. Strict Penalties to Ensure Compliance: The proposed amendments include severe penalties for unauthorized digital currency creation. This suggests a strong regulatory intent to ensure that digital finance within Pakistan is carefully monitored and controlled. Summary: This move could mark the beginning of a digital finance revolution in Pakistan, creating new opportunities for financial inclusion while ensuring secure, regulated digital transactions. The SBP’s cautious approach highlights a preference for state-regulated digital currencies over decentralized ones, as it navigates a balanced path toward a digital economy.#Write2Earn! #OctoberCryptoFundingSurge
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$DOGS Throughout the history of the cryptocurrency world, miracles always revolve around dogs! Doge went up 30,000 times in one go, Shib went up 10,000 times in one go! Babydoge went up 7,000 times in one go! Dogs is expected to go up 100 times at least! #bnb #btc #doge #shib #writetoearn
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Who is Satoshi Nakamoto? 🤔 Can you crack the Bitcoin creator mystery? 🕵️♂️🕵️♀️ Share your wildest memes, craziest theories, and thoughts on Satoshi’s identity using the hashtag #WeAreAllSatoshi. We'll be reacting to the funniest entries, so bring your A-game! #WeAreAllSatoshi
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