Article link: Read
more
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Extract from the article:
The article highlights the staggering increase
in the value of Bitcoin, with a rise from $1,000 to $2,500 in a year, reaching
a whopping $1.5 billion price tag within a single
year.
The value of Bitcoin, though showing
exponential growth, still remains shrouded in mystery
and lacks concrete substance.
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My Take:
In the
Eyes of the Beholder
"The rarity and value of Bitcoin mirror
the concept of rare paintings. Just like art
connoisseurs invest millions in paintings for their scarcity
and human greed, the value of Bitcoin lies in the perception of buyers.
This ever-increasing value attracts more traders
and speculators to the market, much like the appreciation of rare art
pieces."
BenamiProperty
#Bitcoin #BlackMoney
"In my previous blog, I had suggested linking Aadhar to all properties, not just property
deals.
The rise of Bitcoin in
the property market post-demonetization highlights its potential as a replacement for black money in transactions.
The evolving landscape of cryptocurrency usage in property dealings reflects the
need for tighter regulations and monitoring to curb illicit activities."
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Call to Action:
To the authorities in charge of financial
regulations and anti-money laundering measures, it is crucial to monitor the integration of cryptocurrencies like Bitcoin into
various sectors, especially real estate.
Implementing stricter policies and oversight
mechanisms can help combat the potential misuse of digital currencies for
illicit transactions.
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With regards,
www.My-teacher.in /
26 Dec 2024
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