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Home Journal Crypto Expert Adam Back Predicts Bitcoin Going to $100,000 Before the Halving Heres His Outlook

In a recent video by Altcoin Daily, host Austin Arnold delved into the future of Bitcoin and other cryptocurrencies with crypto expert Adam Back.

Adam Back, a British cryptographer and CEO of Blockstream, is no stranger to the crypto world. He is the inventor of hashcash, a proof-of-work system used in Bitcoin mining. Backs influence is so significant that he is often suspected of being the elusive Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

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The video discusses the two main factors affecting the price of any asset: supply and demand. The upcoming Bitcoin halving event in 2024 will significantly reduce the supply of Bitcoin, creating a supply shock. On the demand side, the race for the approval of Bitcoin spot ETFs in the U.S. could serve as a demand shock.

According to Anthony Pompliano, who appeared on Fox Business, several companies like Grayscale, Fidelity, and BlackRock are vying for the first Bitcoin spot ETF. The SECs decision on these applications could have a massive impact on Bitcoins demand and, consequently, its price.

Adam Back predicts that Bitcoin could reach or even exceed $100,000 before the 2024 halving event. He bases this prediction on the potential for both supply and demand shocks to drive up the price. Back even wagered 1 million satoshis (0.01 BTC) on Twitter to back his claim.

The video also touched on Ripple Co-founder Chris Larsons multi-million-dollar donation of XRP to the city of San Francisco. Larson emphasized his love for the city and the importance of investing in it, especially given its public safety issues.

Chris Larson also provided an update on Ripples ongoing legal battle with the SEC. He stated that the SEC had lost on all crucial points, and the case continues to be a landmark for the regulation of the crypto industry.

Altcoin Dailys video offers a comprehensive look at the future of Bitcoin and the crypto market at large. With expert insights from Adam Back and updates on Ripple, its a must-watch for anyone interested in the crypto realm.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Crypto Expert Adam Back Predicts Bitcoin Going to $100,000 Before ... - Captain Altcoin

In a swiftly changing world, financial security is of the utmost importance. In the United States in particular, its easy to take for granted the privileges we enjoy. US citizens by and large live in a system in which basic rights and liberties are respected by the government.

But this is not the norm on a global scale. What emerges from this realization is a disquieting question: How can we best protect our financial freedom?

This question is what inspired my transition from a soldier fighting the Global War on Terror to joining the blockchain/crypto industry to promote digital financial liberty.

My personal experience led me to worry about the fact that financial security can be taken away in mere moments if someone is deemed a threat by a government.

Satoshi Nakamoto grappled with similar issues in the original bitcoin white paper, designing the Bitcoin network to resist attacks from centralized actors.

As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, theyll generate the longest chain and outpace attackers, he/they wrote.

During deployments as an officer in the US Army, I came to realize the potential of blockchain technology and digital assets to solve both structural economic problems in the Middle East, as well as provide greater financial access and liberty to the citizens that live there. My time in Afghanistan, Iraq and Syria exposed me to the grim reality of war and the underlying economic causes and impacts.

In the current climate, much of the attention in the space has been centered on DeFi hacks, where millions are siphoned into anonymous wallets. However, the more daunting threat lies just beyond: data breaches.

As blockchain applications reach mainstream adoption, we must anticipate a shift from simple token theft to compromising data on a massive scale. The concerns over data coming out of emerging platforms, like Friend.tech, serve as early warnings, hinting at future incidents that could rival the devastating 2017 Equifax leak, which exposed the personal data of 147 million individuals.

In Syria, when civil war broke out in the country in 2011, those who were suspected rebel sympathizers (determined via a completely opaque process, as you can imagine) found their bank accounts frozen and assets seized by the government.

This underscores the importance of privacy technology in the crypto ecosystem. Imagine a world where, instead of being public-by-default, we are private-by-default. Revealing only the data necessary for verification, sharing only the essential details rather than laying bare our entire life story. Zero-knowledge (ZK) cryptography offers this promise.

Reading the Bitcoin white paper while stationed in Turkey, I imagined a new world of technological innovation that could help to redress the impact of war on innocent civilians.

I began to consider the US financial system with newfound interest after that deployment as well. The realization that traditional financial institutions globally are oriented towards a privileged fraction of humanity, leaving millions without access to the economy, impacted me greatly.

De Oppresso Liber, or Free the Oppressed, is the US Army Special Forces motto. As our social interactions and financial transactions increasingly move online, it opens a dangerous new avenue for oppression. By promoting decentralized technologies like cryptocurrencies and zero-knowledge cryptography, I can continue fighting oppression by enabling people to protect their digital liberties.

ZK tech empowers users with unparalleled control over their information, ensuring only relevant parties can verify details without direct access, and users determine the extent of data shared.

In a world where data is the new gold, ensuring its privacy is paramount.

Alex Pruden is the Chief Executive Officer at Aleo, where he leads outreach, operations, and strategy among other departments. Prior to joining Aleo, Alex was an investing partner on the Andreessen Horowitz team where he specialized in cryptocurrencies, decentralized protocols, and blockchain technology. Alex also served 9 years in the U.S. Army as an Infantry and Special Forces Officer and developed an interest in blockchain and cryptocurrency due to his work with Syrian refugees in 2015-2016. He earned a Bachelors degree from the US Military Academy at West Point and an MBA from Stanford University.

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Privacy is paramount, and zero-knowledge cryptography is the way - Blockworks

Cryptocurrencies have brought about a revolution in the financial landscape, offering individuals the ability to possess decentralized and secure digital assets. Among the many notable cryptocurrencies, two that have garnered considerable attention are BITCI and Bitcoin Era. BITCI, a well-established digital currency both offer unique features and opportunities. In this article, we will thoroughly examine the key distinctions and resemblances between these two cryptocurrencies, exploring their underlying technologies, distinctive attributes, and potential implications. By gaining a comprehensive understanding of the intricacies associated with BITCI and Bitcoin Era, individuals will be equipped to make informed decisions and navigate the ever-evolving realm of digital finance. Kickstart your Bitcoin trading adventure by exploring https://immediatetradepro.se/, where you can gain valuable insights and execute successful trades, regardless of your trading experience.

Bitcoin, introduced in 2009 by an anonymous individual or group known as Satoshi Nakamoto, was the first decentralized cryptocurrency. It operates on a peer-to-peer network, enabling direct transactions without the need for intermediaries such as banks or governments. Bitcoins underlying technology, blockchain, ensures transparency, security, and immutability of transactions.

Bitcoins blockchain is a distributed ledger that records and verifies all transactions within the network. It operates on a consensus mechanism known as proof-of-work, where miners compete to solve complex mathematical problems to validate transactions and add blocks to the chain. This decentralized nature eliminates the risk of a single point of failure and enhances the security of the network.

Bitcoin has a finite supply, with a maximum of 21 million coins that can ever exist. This scarcity attribute contributes to its store of value proposition, as it cannot be inflated or manipulated by central authorities. Bitcoins limited supply has resulted in it being considered a digital alternative to gold.

Due to its decentralized nature, Bitcoin is resistant to censorship and control by any single entity. The distributed network of nodes ensures that transactions are verified by multiple participants, making it highly secure. However, the computational power required for mining has led to concerns about the environmental impact of Bitcoins energy consumption.

BITCI, a relatively new cryptocurrency, was launched in 2018 with the aim of revolutionizing the digital finance industry. It distinguishes itself from Bitcoin through innovative features and a vision for widespread adoption. Lets explore the characteristics that set BITCI apart from its predecessor.

One of the key differences between BITCI and Bitcoin lies in their approach to scalability. BITCI incorporates a novel consensus mechanism called proof-of-stake (PoS), which eliminates the energy-intensive mining process. This design choice enables BITCI to achieve significantly higher transaction throughput and lower fees compared to Bitcoin.

BITCI places a strong emphasis on user privacy. It implements cutting-edge cryptographic techniques to ensure that transactions are secure and anonymous. Unlike Bitcoin, where all transaction details are publicly visible on the blockchain, BITCI allows users to engage in private transactions, protecting their financial information.

In contrast to Bitcoins energy-intensive mining process, BITCIs proof-of-stake mechanism requires significantly less computational power. This energy-efficient approach not only reduces environmental impact but also minimizes the barriers to entry for individuals who wish to participate in the network.

Bitcoins proof-of-work consensus mechanism limits its transaction throughput, resulting in slower confirmation times and higher fees during periods of high demand. On the other hand, BITCIs proof-of-stake model enables faster transactions and enhanced scalability. With its advanced technology, BITCI aims to address the challenges associated with Bitcoins scalability.

Bitcoin transactions are pseudonymous, meaning that transaction details are visible on the public blockchain. While it provides some level of privacy, it falls short of complete anonymity. In contrast, BITCIs advanced privacy features offer users the option to conduct transactions in a fully anonymous manner, providing enhanced financial confidentiality.

Bitcoin minings energy consumption has attracted scrutiny due to its reliance on intensive computational processes. In contrast, BITCIs energy-efficient proof-of-stake mechanism significantly reduces its environmental footprint. This sustainable approach positions BITCI as a greener alternative to Bitcoin.

In conclusion, BITCI and Bitcoin represent two prominent cryptocurrencies that have made significant contributions to the digital finance landscape. While Bitcoin holds the distinction of being the first decentralized cryptocurrency, BITCI introduces innovative features aimed at addressing scalability, privacy, and sustainability. Understanding the key differences and similarities between these digital currencies empowers individuals to navigate the evolving world of digital finance effectively. As the crypto ecosystem continues to evolve, both BITCI and Bitcoin will likely play pivotal roles in shaping the future of finance.

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Analyzing The Key Differences And Similarities: BITCI Vs. Bitcoin - Inventiva

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.

The use of cryptocurrency has skyrocketed in the past several years. Crypto investing is a booming market, with both private investors and companies trying to get a slice of the pie. Businesses are a lot more open to crypto-based deposits. In general, the use of crypto has grown drastically, not just in high-income countries like the USA, UK, Germany, Russia, etc., but in low- and middle-income countries like South Africa, India, Pakistan, and more.

While exciting, cryptocurrencys drastic and speedy rise comes with some troubles. One of the most notable being the regulatory challenges that governments are facing. Of course, the very idea of cryptocurrency goes against being governed. The idea behind Bitcoin was to create a decentralized currency that would not be regulated. However, as crypto grows, the need for regulation becomes more apparent, especially with the rise of crypto casinos.

It isnt just the crypto industry that has thrived in the past few years. iGaming has been thriving since 2019. The online gambling industry now generates billions of dollars annually. You can read online casino reviews to find the most trustworthy and notable websites. Crypto investors can also find a lot of crypto casinos where they can gamble using Bitcoin, Ethereum, Tether, etc.

Crypto casinos are exactly what they sound like. An online casino website, where you can use cryptocurrency for deposits and withdrawals. The goal was to create websites where crypto traders could freely gamble with their earnings. However, these websites have also made it much harder to regulate the industry.

Crypto casinos present a few regulatory challenges. One of the most obvious ones is the challenge of taxing these websites. They deal mainly in cryptocurrency, which is a decentralized form of digital currency. It is tough for crypto casinos to keep note of their earnings. For this reason, some countries have gone the route of illegalizing crypto casinos altogether.

The problem is that offshore websites still exist even if a government were to make crypto casinos illegal. Players could still go to a crypto casino and play their favorite games, all the while using cryptocurrency. For this reason, governments are attempting to come up with various regulatory measures for crypto gambling.

The new digital era is now in full swing. Not only has crypto gambling and trading become much more prominent, but even the Bitcoin creator himself is back, though admittedly in the form of an AI chatbot, which means that governments must adapt to this new world. In this section, we look at how some governments have adapted to the modern digital age.

Japan is currently the role model for passing crypto gambling regulation laws. The House of Representatives in the country has recently passed some new laws regarding crypto-asset regulation. One of the ways they keep the crypto gambling industry in check is by closely monitoring all crypto transactions that originate within Japan. Their excuse? Taxation.

Apart from Japan, the United Kingdom has imposed some crypto gambling regulations as well, though more relaxed. In the UK, all crypto casinos must adhere to the rules and regulations that regular online casinos deal with. The U.K. Gambling Commission has also issued statements about the risks of Bitcoin, advising caution when using crypto to gamble or wager online.

There is no denying that crypto-based gambling is incredibly popular. Crypto remains popular, with investing still going strong in 2023. What does the future hold for the industry? Will cryptocurrency succeed in replacing FIAT money, as Satoshi Nakamoto intended? Or, will it end up as a footnote in history?

The truth is people need to find out what the future holds. However, most analysts and crypto experts believe that crypto will become much more popular. Many wonder if it will replace FIAT money. But, it may stand side by side as a universally accepted form of payment. So, where does that leave crypto-gambling?

We do not doubt that governments will discover new and exciting ways to regulate the crypto-gambling industry. We will eventually live in a world where crypto casinos are heavily regulated, like land-based or online casinos.

Crypto casinos are online gambling websites where players can deposit and withdraw using cryptocurrency.

The most popular cryptos on online gambling websites tend to be the top-ranked ones, such as Bitcoin, Ethereum, Tether, Litecoin, Ripple, and more.

It depends on the regulatory measures taken to ensure their safety. If crypto casinos are regulated and licensed, then they are likely safe.

One of the major risks is the volatility inherent to the crypto market. Though some misunderstand crypto volatility, the truth is that it is still quite a challenge to overcome.

Japan has implemented a pretty effective method, keeping tabs on every crypto transaction based in Japan. Other than that, imposing the same rules that all online casinos must adhere to is pretty effective.

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice.Thecoinrepublic.comdoes not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post.Thecoinrepublic.comis and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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Regulatory Challenges: How Governments Are Responding to ... - The Coin Republic

The enigmatic allure of Bitcoin Ordinals has ensnared the cryptographic community, offering distinctive attributes and a promising path to long-term viability. Within the confines of this discourse, we shall discuss the factors that distinguish Bitcoin Ordinals from NFTs, scrutinize the decline of ApeCoin Price amidst the dip in Bored Ape NFTs, and acquaint you with Signuptoken.com (SIGN), a nascent coin harboring untapped potential, promising substantial ROIs for discerning investors.

Bitcoin Ordinals, often known as Ordinals Bitcoin, spearheads the cryptocurrency movement. Launched in 2009 by an anonymous entity or group using the pseudonym Satoshi Nakamoto, it introduced the novel concept of decentralized digital currency. The primary goal was to establish a transparent and secure peer-to-peer payment system, eliminating intermediaries.

At its core lies blockchain technology, an immutable ledger recording all transactions, ensuring transparency and the near-impossibility of altering records. Unlike traditional fiat currencies, Bitcoin Ordinals has a capped supply of 21 million coins, presently trading at $0.006561 per coin. This unique characteristic firmly establishes it as an asset resilient against inflation.

Non-Fungible Tokens (NFTs), also known as Bitcoin NFTs, are exclusive digital assets representing ownership on the blockchain. NFTs revolutionize art, gaming, and entertainment, empowering creators to monetize their work directly. Their uniqueness and value captivate collectors, liberating artists from traditional gatekeepers. Its current price is $0.01831, 1 NFT equals 0.000000628 Bitcoin.

Recent occurrences have witnessed a significant downturn in ApeCoins value after a dip in Bored Ape NFTs. This decline raises questions about NFT project stability and associated investment risks. Unlike Bitcoin Ordinals, which hold utility and transactional value, Bored Ape NFTs lack such versatility, making them vulnerable to market fluctuations and speculative bubbles.

This year, the NFT markets downturn continues, with trading volume failing to surpass $1 billion in May and June, the first time since December 2022, according to DappRadar. The cheapest Bored Ape NFT is about 30.6 ETH ($57,712) on July 6, while the most expensive is over 6,969 ETH ($13 million), according to OpenSea. NFTs have unique artistic value but lack the versatility sought by crypto enthusiasts.

Prepare to be amazed by Signuptoken.com, a revolutionary platform shaking up the crypto world. SIGN is packed with untapped potential, all thanks to its exceptionally talented team, trailblazing features, and crystal-clear vision. Since its presale launch, Signuptoken.com has sold over 17 million tokens, an impressive feat that speaks volumes about its market appeal.

The projects robust team comprises seasoned experts with a shared commitment to creating a lasting impact in the crypto space. Their dedication to transparency and top-notch security measures sets them apart as a project poised for exponential growth. SIGNs strategic partnerships and well-crafted roadmap reinforce its position as a promising and sustainable venture.

Investors looking to earn significant returns on investment should consider participating in the presale of Signuptoken.com currently selling at $0.01. By getting in at an early stage, investors can benefit from potential price appreciation as the project gains traction.

Dont miss out on the chance to be a part of the crypto revolution. Join the Signuptoken.com presale today and position yourself for great ROIs as high as 75 times profit in the world of cryptocurrencies! Remember, timing is everything, and understanding the market will be your key to success in this exhilarating journey of crypto investments. Happy investing!

Amidst the ever-changing crypto landscape, perceptive investors recognize Bitcoin Ordinals momentous significance as a transformative force. Its distinct attributes and NFT functionality make it an enticing proposition.

On the other hand, ApeCoins recent downturn highlights the need for ventures with enduring viability. Signuptoken.com emerges as a guiding light of unexplored potential, poised to conquer the crypto realm with its visionary team.

For more information on Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

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Bitcoin Ordinals Vs. NFTs: Analyzing Signuptoken.com And ApeCoin - Tekedia