Top news and views about Bitcoin and Cryptocurrency for 16 Mar 2017
Many Are Mulling Over the Idea of Retiring on Bitcoin
Bitcoin has surpassed the value of gold for the first time. In parallel, Bitcoin’s deflationary properties are becoming more relevant as the specter of inflation starts lurking again in the U.S. and the Euro area. As a result, for many, the thought of investing their retirement savings in bitcoins is starting to gain traction.
The idea of retiring on Bitcoin is not new. For years, users in forums related to the cryptocurrency have been discussing this topic.
The question of how many bitcoins would be required to retire was often posted in Bitcoin forums. For example, in April 2014, Bitcoin forum user Alley asked, “How many bitcoins do I need to retire in 20 years?” To which, in turn, user Tron replied that to be safe two bitcoins would be required.
Now, because of the stellar performance of the cryptocurrency, many individuals are again becoming tempted to explore the idea of using bitcoins for retirement purposes.
Full story at http://bit.ly/2msQ4BN
New Hampshire Legislators to Completely Deregulate Bitcoin, House Approved Bill
On March 9, New Hampshire’s House of Representatives passed a bill that goes one step closer towards effectively exempting persons using virtual currency from registering as money transmitters.
New Hampshire is considered one the world’s most Bitcoin-friendly states.
According to the New Hampshire General Court Bill Status System, House Bill 436 has already been passed and adopted with an amendment by the House of Representatives and it is currently waiting for the Senate to grant the final approval of the bill.
If approved by the Senate, HB 436 will free every user of Bitcoin and other digital currencies within New Hampshire from money transmission regulations, which may allow businesses such as Bitcoin exchanges within the state to operate without strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems.
Full story at http://bit.ly/2mbnmm6
UK Mainstream Media Begins to Offer Balanced Overview of “Mysterious” Bitcoin
This past week, British news outlet The Independent have demonstrated that the mainstream media is beginning to offer balanced and fair coverage of Bitcoin and other digital currencies.
Over the past eight years, mainstream media has provided an unbalanced coverage of Bitcoin, often misrepresenting its origin, purpose and structure. Some mainstream media outlets and “leading” economists have related Bitcoin to the “darknet operators” and harshly criticized the absence of a third party mediator or network administrator within Bitcoin.
Since mid-2016, mainstream media coverage on Bitcoin began to alter. An increasing number of companies including the Wall Street Journal, Bloomberg and CNBC have begun to provide extensive and regular coverage on Bitcoin, reporting a fact-based analysis of the Bitcoin industry, Bitcoin price and companies.
Full story at http://bit.ly/2msO3VW
Unlike Gold, Bitcoin is Once in a Generation Investment Opportunity: CNBC
Peter Schiff, a prominent investor of gold and CEO of Euro Pacific Capital, has been criticized by many analysts and experts including Brian Kelly of CNBC for describing Bitcoin as “digital fool’s gold.”
For the most part, Schiff’s ignorance towards Bitcoin stems from his responsibility to protect Euro Pacific Capital’s business model, which almost entirely relies on the performance of gold. Schiff has also found the vast majority of his career success in gold trading and thus, it is essentially instinctive for Schiff to protect gold against Bitcoin.
However, most innovative and successful investors understand that to profit from an ever-changing market, one needs to beat the market. One asset or currency which has beaten the market for three straight years is Bitcoin by outperforming all reserve currencies, stock markets and assets, something gold has failed to do.
Full story at http://bit.ly/2msLJ18
Prepared by @SydesJokes
Original post from: http://CrowdifyClub.com/SydesJokes