Bitcoin decision

We asked 20 strategists where bitcoin prices are headed. Here's what they said. Tue, Mar 23rd Fast Money · Fed Chair Jerome Powell on crypto: It's a.
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To ensure transactions go through on crypto networks, a customer is usually charged a "mining", or "network" fee. This element of the payment makes the bitcoin blockchain's fees unsustainable as a form of payment, according to Kaspar.

The Internal Revenue Service adds another layer of complication for merchants that are taxpayers in the US, because it considers bitcoin to be property, not currency, Eric Christensen, chief payment officer of e-commerce firm Digital River, said. When you sell it, you might see a gain or a loss, all of which must be reported to the IRS.

A key challenge at this point is there are only a handful of banks globally that are willing to provide stored digital facilities for the merchants they work with, according to Felix Shipkevich, founder of law-firm Shipkevich PLLC. Why Tesla's decision to accept bitcoin as payment is unlikely to be followed by other companies.

Shalini Nagarajan. That would stop them from following Tesla's decision to adopt bitcoin as payment for products.

QUOTES 4-Tesla announces $ bln bitcoin bet, makes payments pledge | Reuters

Some companies may make the leap, but most are fiscally conservative, Webull's CEO said. What the latest bitcoin ETF filing could bring, according to one investor.

Introduction

Powell calls cryptocurrencies 'not really useful stores of value'. Power Lunch. Bitcoin's carbon footprint creates dilemma for ESG-minded investors. The Exchange.

Why Tesla's decision to accept bitcoin as payment is unlikely to be followed by other companies

The real reason to own bitcoin, according to Bank of America's Blanch. Squawk Alley. Jill Carlson of Slow Ventures on the bitcoin boom. Fairlead strategies Katie Stockton founder on investor sentiment on bitcoin. Oakland Athletics president on offering luxury suite access for one bitcoin. Scaramucci: Not too late to buy bitcoin — just look at Amazon's run since Why Anthony Scaramucci makes the bull case for bitcoin. Morgan Stanley to offer some clients access to bitcoin funds: Sources.

Morgan Stanley is the first big U. The NFT frenzy is just beginning: Professor. Dan Niles on what to avoid in tech and how to invest in the cryptocurrency space. There are literally thousands of them already, such as Litecoin, Tether and Dogecoin.

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In any case, just because something is in limited supply, that does not inherently make it valuable. Another argument for Bitcoin says it could be an alternative to traditional currency for making payments. The first purchase made with Bitcoin was more than a decade ago: two pizzas, paid for with 10, bitcoins.


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Despite the hype, very few vendors accept Bitcoin and hardly anyone pays with it. A Sydney art gallery that accepts Bitcoin has never had anyone buy anything with it, while a bar that accepts it reports no customers using it for years. Even some crypto conferences refuse to accept Bitcoin. This is unlikely to change materially. Tesla has hinted it may accept Bitcoin in future , but so far does not.

QUOTES 4-Tesla announces $1.5 bln bitcoin bet, makes payments pledge

There are inherent limits to the ability of Bitcoin to provide payment services. Transactions may be stuck in a queue for hours. If any electronic currency becomes a significant payment medium, it is likely to be a central bank digital currency which would be legal tender and able to be used for very large numbers of transactions. Musk has plans to colonise Mars , so maybe he will declare Bitcoin the legal tender there. Mesopotamian mud: a journey through voice and vessel — Cambridge, Cambridgeshire. Edition: Available editions United Kingdom.


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