With One Percent of Indians Investing Money into Bitcoin, Its Price Can Reach $1000 by the End of 2016

With One Percent of Indians Investing Money into Bitcoin, Its Price Can Reach $1000 by the End of 2016

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What could possibly happen if and when a tiny fraction – one percent – of the Indian populationgets a hold on what Bitcoin could do for them in the country’s time of demonetization, which has forced the citizens into applying unusual efforts to access and use their hard-earned money? Something big, but not unexpected. For starters, a lot is happening globally and India is one of them. Taking Vinny Lingham’s tweeton Nov. 17, which says: “I don’t think the market fully appreciates how much money is about to flow into Bitcoin over the next month.” With hashtags like; #india #trump #china #fed, it could create a nexus, with the prediction by CivicKey’s CEO that the price of Bitcoin will hit the $1000 mark before the end of 2016. Lamassu’s co-founder Josh Harvey started this puzzle with a tweet that says that there are 13 mln people in the Indian one percent, and the fact that many of them will be hearing about Bitcoin now is in itself a big deal. With the Editor in Chief at Adamant Research, Tuur Demeester, adding in a tweet that Bitcoin, on Indian exchange Zebpay, has been selling for 20 percent premium, equivalent to $895, one could …

Like Gold, Bitcoin is Becoming the Ultimate Safe Haven Investment

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The relative stability of Bitcoin during periods of geopolitical uncertainties has allowed the digital currency to be considered by investors as a safe haven for the preservation of their wealth. Two major events in 2016 that quickly come to mind when considering the geopolitical risks borne by holders of fiat currencies, stocks, commodities and other financial elements are Brexitand the US elections. The fallout from these events saw the nations’ currencies and stocks plummet within very short periods of time. Safety first One of the most critical factors that investors consider is the safety of their investment. During periods of anticipated volatility, holders of local investments usually seek a safe haven for their wealth and value preservation. Recent events have shown that, like gold, Bitcoin is gradually assuming the role of a run-to hideout for value preservation. Michael Vogel, CEO of Netcoins, says: “In some circles Bitcoin is still considered a high-risk investment vehicle, while others consider Bitcoin to be the ultimate safe haven investment.” Digital currencies like Bitcoin were built from the ground up and designed for the era of information. Bitcoin allows value to be transacted directly, peer to peer, without an intermediary, hence it is not bound …

How Bitcoin Empowers Global Peer-to-Peer Lender BTCJam

admin Banking, Bit Resources, Bitcoin 2.0, Bitcoin Crowdfunding, Bitcoin Entrepreneur, Bitcoin Lending / Loans, Bitcoin News, Bitcoin Startups, Loans & Lending, P2P Lending, Peer-to-Peer 0 Comments

San Francisco-based startup BTCJam is taking peer-to-peer lending to a global audience, and is using bitcoin to achieve its vision. Bypassing the restrictions of fiat currencies, the company says, allows any individual in the world to receive a loan via its platform. While traditional wire transfers are costly and not always easy to set up, bitcoin allows approved BTCJam borrowers to receive funds almost instantly, wherever they may live and whether or not they have a bank account. Celso Pitta, the company’s CEO, told CoinDesk: “We are a global lending platform. We use bitcoin as a payment method to enable international, cross-border lending.” BTCJam CEO Celso Pitta talking about his startup at CoinSummit. Source: CoinSummit From banker to bitcoin entrepreneur Pitta, who hails from Brazil, had prior experience in the finance industry before starting BTCJam: “I worked for Citibank. Knowing banking from the inside, I knew that I could do better: a peer-to-peer lending website.” However, Pitta reached his first stumbling block when he discovered the penalty for starting an unlicensed money-lending service in Brazil. “I noticed that if you do [lending] in Brazil, you will go to jail for 10 years,” he said. As absurd as that might sound to some, this potential roadblock is …