Today in Bitcoin (2017-07-06) - IRS Coinbase Update - $50M Fund - Bitcoin $5000
Good Morning Bitcoin.
Today is Thursday July 6, 2017
My name is Thomas Hunt
And here’s what’s happening, Today in Bitcoin…
The IRS have agreed to limit their coinbase audit, but not in the way you think. Sure you’re probably thinking they’ve limited it to customers who had more than $10,000 or maybe $100,000, allowing them to focus on the large fish and let the little ones get away. You’d be wrong. That’s not what they altered. They altered their request for security settings and passwords. Something they shouldn’t have even asked for in the first place. Embarrassing for the IRS. Talk about draconian!
http://fortune.com/2017/07/06/coinbase-irs-summons/
The rich are finally getting into Bitcoin. Several incredibly wealthy Latin American families have chosen to invest their funds in a $50 Million dollar cryptocurrency fund, set up by a former manager at Bain Capitol. The fund is set to sell 180 days after the next Bitcoin halving. And in perhaps one of the most bullish statements ever given for Bitcoin, spoken by a co-founder of the fund and President of the bitcoin startup Ripio, who said “Storing their savings in the local currency is not a smart option." Another way of saying that is -- Bitcoin is better money and a more sound investment than all of the currency in Latin America. Think about that for a while.
http://www.coindesk.com/former-bain-manager-launches-50-million-bitcoin-ethereum-fund/
Stock Research Analyst who just bought bitcoin this weekend thinks it’s headed for $5,000. Listen to him delight about things that have been true about Bitcoin since the beginning, but have only reached him -- this weekend. He pointed out that “since only 21 million bitcoin can ever exist, increasing demand for the digital currency will naturally drive its price up”. Well duh. Irregardless, let this serve as a reminder as to how early you’re into cryptocurrency. The rest of the world is finally waking up. Let’s welcome them to the party.
Meanwhile….
The price of Bitcoin was up 0.33% in the last 24 hours, with a last or 2581, a high of 2621 and a low of 2567.
Thank you for watching. Be sure to Like, Comment and Subscribe.
Today is Thursday July 6, 2017
My name is Thomas Hunt
And that’s what happened, Today in Bitcoin…
Thank you very much for your valuable advice. I also see the Bitcoin reach the $ 5000. I will follow you because I am a beginner in crypto and you have an informed opinion on the matter. Good work.
great thanks for posting
hi please follow me back, lets follow each other, i am new to steemit and i need followers, if you follow me, i will follow you. thanks
If you'd like to try to invest in alternative coins, you may read my last post to know which ones are going to be the best choice in July. https://steemit.com/bitcoin/@vikky/top-10-altcoins-going-into-july