China's Bitcoin "Ban" Creates A Massive Opportunity For The U.S.
With China banning Bitcoin activity in its borders, Americans have a chance to shape the future — as long as regulators don't stop them.The below is a direct excerpt of Marty's Bent Issue #1084: "Who is going to seize the opportunity?" Sign up for the newsletter here.The world is being presented with a massive opportunity by way of China as they seem adamant about actually banning Bitcoin activity within their borders. As Blake Masters points out, if the US government was forward thinking, they would take the exact opposite approach and welcome Bitcoin with open arms, hold some in....
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The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin.”
Miami Mayor Sees US Benefiting From China’s Crypto Crackdown
Miami Mayor Francis Suarez, who has been trying to build his city into a bitcoin hub, sees the crypto crackdown by the Chinese government as an....
Bank of America’s strategist says that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he said. Bank of America’s Metaverse Prediction Bank of America’s strategist, Haim Israel, told the Insider Tuesday that the metaverse is a massive opportunity for blockchain technology. In addition, he expects it to take cryptocurrency mainstream. Israel is Bank of America’s managing director of research and a global strategist. He is also head of the....
The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask the question ‘What do people committing ransom attacks usually demand payment in?’ The answer is crypto.” Bank of England’s Governor Warns About Cryptocurrency Bank of England (BOE) Governor Andrew Bailey talked about cryptocurrency Monday at a “Stop Scams” conference organized by the central bank. Bailey said cryptocurrencies are the new....
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have shared their views on the situation. Senator Pat Toomey from Pennsylvania said: China’s authoritarian crackdown on crypto, including....
An interesting statistic was released earlier today, detailing how slightly over half of the Chinese population is now officially connected to the Internet. Despite being the world’s largest nation, Internet penetration has been a major issue in China for quite some time now. Especially mobile Internet is playing a big role in this number increase, which creates an interesting opportunity for adoption of new payment methods in the country. Internet Connectivity In China Is on The Rise. For a country that is well known for its technological prowess, the status of not having half of its....