Cena TypeAITYPE

The concept of units of Bitcoin being stored in US strategic reserves is starting to receive greater focus as observers are wondering if it would be worth adding Bitcoin to the asset list that already contains gold and foreign currencies. But does this action significantly expose the U.S. financial system, or is it a decision that has an optimum opportunity cost? Bitcoin as A New Asset Class Decentralization and a supply cap of 21 million coins are some of the qualities that make Bitcoin attractive. Diversifying reserve currencies in the U.S. could help strengthen the economy and help solve the issue of inflation. Unlike traditional fiat currencies, which central banks can generate at their own will, Bitcoin has a fixed supply, making it immune to inflation. Further, Bitcoin value is argued to be associated with gold, and its modifications or COVO of value is long-term reliable. The US can integrate this new technology and reserve currency type while simultaneously securing its wealth from volatile economic conditions by placing Bitcoin in its reserves. The Volatility Risk While Bitcoin offers exciting prospects, its volatility is a main issue. In contrast to gold, which has seen a more consistent value over the decades, the price of Bitcoin keeps changing. Bitcoin’s worth fluctuated between $29,000 and $68,000 in 2021, showing just how volatile it is. The volatility is a huge issue when considering it for U.S. reserves. The national reserves’ main function is to introduce stability to economic declines. Hence, if the price of Bitcoin plummets unexpectedly, the U.S. could lose a lot of money, destabilizing its reserves and undermining confidence in the economy. Liquidity Issues Another issue is the liquidity of Bitcoin. Although Bitcoin is widely traded, it’s still a relatively new asset class compared to traditional reserve currencies. In times of economic downturn, the U.S. would need to quickly convert reserves into cash to support the economy. Bitcoin’s market can experience episodes of illiquidity, where large transactions could cause drastic price movements. This makes uncertain whether or not Bitcoin could readily be liquidated without impacting its value, making it difficult to play the role of a reserve asset of sorts. The United States needs quickly available reserves that can be converted into currency, and Bitcoin liquidity may not be sufficient. Regulatory Challenges The decentralized nature of Bitcoin provides a huge problem for regulation. Since Bitcoin is not governed by any central authority, it is difficult for governments to regulate. To make Bitcoin part of the U.S. reserves, there must be clearly outlined regulations. If it is not regulated, then Bitcoin could expose the U.S. to risks of fraud, security issues, and market manipulation. Regulatory clarity is crucial for using Bitcoin safely. However, without clear and comprehensive rules, including its use in U.S. reserves, it remains a complicated issue. A Risky Move or a Smart Diversification? While Bitcoin has so much potential for diversification, its volatility, liquidity issues, and regulatory concerns make it a risky choice for American reserves. As the future of Bitcoin in the financial sphere evolves, the United States government has to carefully consider the risk factors before deciding. The post The Bitcoin Reserve Question: Opportunity or Risk for U.S. Financial Security? appeared first on Coinfomania.

As a believer in Dow theory. It's not so much manipulating trend but more so taking advantage of the main trend. Hence why you see one type of post one day and the opposite the next. Ltf can be manupulated but not htf. Follower not the driver.

Account Number: 0715582819 Account Name: PRINCE CHUKWUNAE GREGORY Account Type: PREMIER SAVINGS Bank: Access Bank Nigeria

Account Number: 0715582819 Account Name: PRINCE CHUKWUNAE GREGORY Account Type: PREMIER SAVINGS Bank: Access Bank Nigeria

TL;DR According to Ali Martinez, SHIB could find support at as low as $0.0000094. However, a breakout above $0.00001461 could trigger bullish momentum and a 230% price rally. SHIB’s Freefall Could Stop Here The meme coin sector has suffered painful losses following the overall crypto market crash in the past few days. The second-largest asset of that type – Shiba Inu (SHIB) – was among the worst affected, with its price plummeting by 16% weekly and 10% daily. SHIB Price, Source: CoinGecko Its market capitalization plunged below $7.7 billion, meaning the asset is now out of crypto’s top 20 club. As expected, the downtrend has negatively affected SHIB’s investors. According to IntoTheBlock’s data, the share of people sitting at paper losses has surged past 60%. One person touching upon SHIB’s recent performance was Ali Martinez. The analyst assumed that the price of the meme coin could decline to $0.000012 or $0.0000094 before finding support. The second level represents a 30% decline from the current rate. Another industry participant who chipped in on the matter was the X user Rose Premium Signals. They envisioned a bullish momentum if SHIB breaks above $0.00001461. The analyst predicted that reclaiming the target could lead to a price rally to as high as $0.00004401 (a 230% increase from the ongoing valuation). More Pain Ahead? Two important factors signal that SHIB bears might continue to prevail in the short term. The first is the reduced Shibarium activity. At the beginning of the month, Shiba Inu’s layer-2 scaling solution processed multi-million transactions on a daily scale, but in the past few weeks, this figure has shrunk substantially. This suggests decreased interest in the network’s applications, such as decentralized finance (DeFi), NFT projects, or gaming platforms. For its part, this could lower demand for SHIB tokens and reduce the buying pressure. The next factor is Shiba Inu’s burning mechanism. The burn rate has dropped by 16% in the last 24 hours, resulting in around 25 million tokens sent to a null address. The program’s ultimate goal is to reduce the tremendous circulating supply of SHIB, possibly making the asset more valuable via scarcity. However, stalled progress could hinder that mission. The post Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst) appeared first on CryptoPotato.