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Not all cryptocurrencies are equal, and Bitcoin’s prior claim among decentralized digital assets makes it special. 

cointelegraph.com

Bitcoin stands apart from other crypto, and what that means for US public policy

 Microsoft co-founder Bill Gates has explained why he does not own any bitcoin or other cryptocurrencies. “I like investing in things that have valuable output,” Gates said, adding that crypto is “not adding to society like other investments.”

Bill Gates on Crypto, and Why He Isn’t Investing
Microsoft co-founder Bill Gates shared his opinion about bitcoin and cryptocurrencies in a Reddit AMA (Ask Me Anything) session Thursday.
One of the questions he was asked was “What do you think about bitcoin and cryptocurrencies?” Gates replied:
I don’t own any. I like investing in things that have valuable output.
He added: “The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments.”
Gates’ stance on cryptocurrency echoes that of Berkshire Hathaway Warren Buffett. The Oracle of Omaha explained in detail why he would not invest in bitcoin or cryptocurrency earlier this month.
“It doesn’t produce anything,” Buffett described BTC, noting that he wouldn’t pay $25 for all of the bitcoin in the world. “What would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything,” he opined.

The Microsoft co-founder and co-chair of the Bill and Melinda Gates Foundation has long been a critic of bitcoin and cryptocurrency.
In February last year, he said he didn’t own bitcoin, adding that he has taken “a neutral view.” However, he also said crypto was one tech innovation the world would be better off without. Gates noted: “The way cryptocurrency works today allows for certain criminal activities. It’d be good to get rid of that.”
Gates also commented on Tesla CEO Elon Musk owning bitcoin in February last year. “Elon has tons of money, and he’s very sophisticated, so I don’t worry that his bitcoin will randomly go up or down,” Microsoft co-founder said. “If you have less money than Elon, you should probably watch out,” he warned.
What do you think about Bill Gates’ comments about bitcoin and cryptocurrency? Let us know in the comments section below.



























Microsoft co-founder Bill Gates has explained why he does not own any bitcoin or other cryptocurrencies. &#x201C;I like investing in things that have valuable output,&#x201D; Gates said, adding that crypto is &#x201C;not adding to society like other investments.&#x201D; Bill Gates on Crypto, and ...

news.bitcoin.com

Bill Gates: Crypto Has No Valuable Output — It’s Not Adding to Society Like Other Investments

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He’s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K. 
Kiyosaki Believes the Price of Bitcoin Could Fall to $9K
The author of Rich Dad Poor Dad, Robert Kiyosaki, is still bullish about bitcoin. He’s waiting for the price of BTC to test a new bottom before getting in.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted Wednesday, “I remain bullish on bitcoin’s future.” He added that he’s waiting for bitcoin to test a new bottom, suggesting that it could be $20K, $14K, $11K, or even $9K.
The famous author proceeded to explain why he’s still bullish about bitcoin. The Federal Reserve and the Treasury Department are corrupt organizations and they will self-destruct before they regain honesty, integrity, and moral compass, Kiyosaki described.

Last week, Kiyosaki tweeted that he’s waiting for the bottom before getting into bitcoin. At the time, he expected the bottom to be around $17K but later said that it could even be lower, at $11K.

This was also not the first time Kiyosaki has expressed his distrust towards the Biden administration, the Treasury, and the Fed. The famous author has also been recommending bitcoin to investors for quite some time.
In March, Kiyosaki said the U.S. dollar was about to implode, blaming President Biden for causing inflation. He recommended gold, silver, bitcoin (BTC), ethereum (ETH), and solana (SOL) as investments at the time.
However, Kiyosaki also previously warned that crypto is not without its problem. He cautioned that eventually, the government will seize all cryptocurrencies and fold them into a government crypto. Nonetheless, he said that the Russia-Ukraine war is “giving rise to crypto as a safer haven than government fake fiat money.”
What do you think about Robert Kiyosaki’s comments? Let us know in the comments section below.



























The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He&#x2019;s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K. Kiyosaki Believes the Price of Bitcoin ...

Rich Dad Poor Dad’s Robert Kiyosaki Thinks Bitcoin Could Bottom Out at $9K — Reveals Why He Remains Bullish

A Senator from Alabama is introducing a new bill that could potentially stifle the government from restricting top digital asset Bitcoin (BTC) and other cryptocurrencies as investment options for 401(k) retirement plans.
Republican Senator Tommy Tuberville is unveiling the Financial Freedom Act of 2022, which would counter attempts by the U.S. Department of Labor (DOL) to exclude crypto assets as a choice for self-directed 401(k) plans.

The legislation would ensure that financial institutions and employers would not face legal troubles for offering virtual assets as a means of investment, according to a press release from Tuberville, who is a former college football coach.
“The [DOL’s] guidance attempts to bar 401(k) investors from investing in cryptocurrency and undermines the ability of 401(k) plans to offer brokerage windows, which give retirement plan participants the ability to personally control how their assets are invested. 
The guidance threatened that employers and investment firms could be subject to a DOL investigation and enforcement actions should they allow individuals using brokerage windows to invest in cryptocurrency.
 Senator Tuberville’s legislation would empower retirement savers to invest as they see fit and ensure that plan sponsors and financial firms are not punished for allowing investors to exercise financial freedom.“ 
Another US Congressman, Representative Byron Donalds of Florida, also recently introduced the House of Representatives’ version of the legislation.
“Today, I introduced the House companion of the Financial Freedom Act of 2022. This bill prohibits [the DOL] from restricting the type of investments that self-directed 401(k) account investors can choose.”
The DOL initially issued a warning in March about financial service firms exposing 401(k) participants to digital assets, citing volatility, uncertain valuations and an evolving regulatory environment as key reasons for concern.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



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The post US Lawmaker Introduces Bill To Protect Bitcoin (BTC) 401(k) Investments appeared first on The Daily Hodl.


A Senator from Alabama is introducing a new bill that could potentially stifle the government from restricting top digital asset Bitcoin (BTC) and other cryptocurrencies as investment options for 401(k) retirement plans. Republican Senator Tommy Tuberville is unveiling the Financial Freedom Act o...

dailyhodl.com

US Lawmaker Introduces Bill To Protect Bitcoin (BTC) 401(k) Investments

The CEO of leading on-chain analytics firm CryptoQuant says one metric is flashing a massive red flag for Bitcoin (BTC) bulls.
Ki Young Ju tells his 292,600 Twitter followers that historical data shows Bitcoin could plummet all the way down to $14,000.

“So here’s hopium for bears.
If BTC crashed so hard due to the macro crisis and all Bitcoiner institutions go underwater, it could go $14,000 based on historical maximum drawdown.”
At time of writing, Bitcoin is down 3.58% and priced at $29,240. A move to the analyst’s bearish price target suggests a 52% downside risk for BTC.
According to the quant analyst, the most recent Bitcoin investors will likely be deep underwater should market prices fall into his worst-case scenario.
“Bitcoin maximum drawdown in worst-case scenario.
Newbies down 67%.
Experienced one bear cycle – down 39%.
Experienced two bear cycles – profit guaranteed.
Experienced three bear cycles – profit guaranteed.
Today, newbies who joined last year are in -34% loss.”
Source: Ki Young Ju/Twitter
Ki Young Ju next provides the average entry price for each generation of Bitcoin investors over its 11 years in existence by following the UTXO age bands metric, which tracks the potential price level where long-term holders accumulated BTC.

#Bitcoin OG's Entry Price:
1st gen – $1.32nd gen – $6533rd gen – $8,7174th gen – $43,582
I'm the 3rd gen. Hang in there, 4th gen. pic.twitter.com/iWkEwFO4zV
— Ki Young Ju (@ki_young_ju) May 14, 2022

The analyst also recently observed that institutional investors are now the dominant force in Bitcoin trading.
“Retail investors are leaving the crypto market. Not bad for accumulating Bitcoin with institutions, but still worried about overall volume, which is significantly decreased compared to last year.”
The CryptoQuant CEO next looks at leading smart contract platform Ethereum (ETH). He highlights that the ETH ecosystem remains strong despite a massive decline in price due to heavy interest in new blockchain niches like decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs) and play-to-earn blockchain games (GameFi).
“ETH price dropped -56% from the top, but the number of active addresses just decreased by 7%.
If we consider each address as a user, Ethereum has 551,705 DAU (Daily Active Users) today.
These degens don’t care about ETH price but ape into DeFi, NFT, DAO, and GameFi projects.”
Source: Ki Young Ju/Twitter
Ethereum is also down by 2.57%, changing hands for $1,965.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/kilshieds
The post One Metric Indicates Bitcoin (BTC) Could Crash by Over 50% As Macro Environment Worsens, Says CryptoQuant CEO appeared first on The Daily Hodl.


The CEO of leading on-chain analytics firm CryptoQuant says one metric is flashing a massive red flag for Bitcoin (BTC) bulls. Ki Young Ju tells his 292,600 Twitter followers that historical data shows Bitcoin could plummet all the way down to $14,000. &#8220;So here&#8217;s hopium for bears. If ...

Bitcoin price	$29,435.00
Low - High 24H	$29,229.00 - $29,626.00
Market cap	$560.69B
Volume 24H	$12.60B
All time high	$69,045.00 -57.36% November 10th 2021
All time low	$67.81 43316.47% July 6th 2013
Genesis date	N/A

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