Bitcoin (BTC) is better than Gold "on every front", states Hedge Fund Manager John Pfeffer.
Speaking at the 23rd annual Sohn Investment Conference, John Pfeffer, hedge fund manager at Pfeffer Capital, said that Bitcoin is the first viable candidate to replace gold, and is better than the precious metal “on every front." Appearing on CNBC’s Fast Money this morning, April 24, Pfeffer confirmed his prediction that Bitcoin would rise to “no less than $90,000 and potentially as high as $700,000.” Pfeffer said that BTC and crypto assets in general should be thought of as a venture capital investment: “they could go to zero, but they could be worth much more.”
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A bill in the Arizona House Committee, USA, has passed allowing residents to pay taxes in Crypto.
Arizona law requires bills to pass three readings. The House Ways and Means Committee gave its approval to SB 1901 last month after the bill passed the Arizona State Senate on Feb. 8. It now will proceed to the House floor for a vote.
The bill has been subject to revision, notably expanding the number of altcoins that could be used for tax payments to include “LiteCoin or any other [recognized] cryptocurrency.” SB 1901 also specifies that the state government must convert crypto payments to US dollars “at the prevailing rate” after receipt.
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Ripple is hosting a VIP gathering, dubbed “XRP Community Night,” in NYC on May 15, with a performance by Snoop Dog. This will be an invite only event.
Ripple says the “special night” is to thank those who are helping the company to develop the XRP Ledger and xRapid platform, as well as all those who are “spreading the good word about Ripple’s many benefits.
Bitcoin has broken another key resistance level at $9,200 which we alluded to when it broke $8,300.
Using our Fibonacci retracement tool, we can speculate there will be a slight pullback back to $9,200 if this daily candle can close strongly at about $9,400 or above. Following this, we expect Bitcoin to surge past $10,000 to the $11,200 range if some extra buying volume comes in.
It’s important to note the effect media (FUD/positive news) can have on Bitcoin’s price action. Do you believe it can reach new all time highs this year?
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A week-long vote on a proposal in regards to the Parity hack wallet reversal, which proposed to restore a disabled contract to unfreeze 587 wallets holding 513,774.16 Ethereum (ETH), has ended with a majority “no” vote today, April 24.
In November of last year, a Parity user “accidentally killed” the Parity multisig library by activating a vulnerability to become the owner of the library, and then self-destructing it. Prior to that, the library had been “fixed and re-deployed” with the vulnerability after Parity was hacked of around 150,000 ETH in July 2017.
In response to the accidental freezure of the ETH funds, Parity wrote in a blog post that they are working on Ethereum Improvement Proposals (EIP) that could propose ways to unblock the funds.
*Key Things You Need To Know About Real Estate Investment.* You don’t need all the money in your pocket to invest in real estate.
There is usually initial deposit where you get to pay in the course of a period.
Instead of thinking affordability, think collaboration.
You can collaborate with your siblings, friends and so on to purchase a 600sqm land for instance, after a while sell it off or divide into two 300sqm each.
Before investing in real estate, do a lot of research!
Know your location and ask a lot of questions like accessibility, go for site inspections, check online( search engines, social media, bureau of land and properties and so on)
An unsuccessful venture doesn’t mean failure
Because you have been exploited or frauded doesn’t mean there are no credible realtors out there, that is why the previous point is key.
When Buying into real estate, control is key
For property investments(Housing),once you’re done paying for the property and settling legal requirements, you directly own the asset and have virtually complete control over it. You can directly influence the asset worth (by adding value to it) and cash flow (increase rent)
When investing in property, title is key
The land title is very key when acquiring land/properties. It’s either CofO, Governors Consent or Gazette,some cases Excision.
Buy Land, keep acquiring more..
Real estate investment is a form of investment that when done right(i.e buying from a valid real estate company/realtor) its return on investment is enormous.
A few years from now, you will be happy you did or wish you did!