US Senator Cruz 'Incredibly Bullish' on Bitcoin — Says 'I Have a Weekly Buy. Will Bitcoin's Value Grow Exponentially in Coming years.

At the Heritage Foundation's Bitcoin and the American Experiment event on Monday, Senator Ted Cruz (R-TX) discussed bitcoin. He began by saying: I have to confess, when it comes to bitcoin, and crypto in general, I am really enthusiastic.

"I believe it is changing the world now, and will continue to do so in the future," he predicted. He then went on to discuss the numerous reasons why people are drawn to bitcoin. To begin with, many people are utilizing it as an inflation hedge. Second, he continued, "there's also an appeal of speed, the capacity to conduct a financial transaction anywhere in the world in an immediate, nearly costless" manner.

"And then there's the benefit of liberty," he continued. There isn't a single person in command. Government decision-makers are terrified by this." Cruz made the following remark in response to reports that communist China and US Senator Elizabeth Warren intend to regulate currencies:

For individuals who want control over their money, uncontrolled, decentralized currency is unsettling.

Cruz revealed his own cryptocurrency stakes, saying, "I'm a bitcoin investor." "I've put my own money into bitcoin." The senator went on to say: Because I believe in dollar-cost averaging, I have a weekly buy that is an automatic purchase of bitcoin every week.

In my opinion Bitcoin Value would increase in coming years. I don't think anyone can accurately predict when Bitcoin's value would rise or fall but one thing for sure is that Bitcoin's market cap, it's decentralized nature and it's security makes it a great store of value. Thus it will over time increase in value as more people adopt it's use. Also Bitcoin in it's wake paved the way for a thriving crypto ecosystem thereby creating a self sustaining market.

The blockchain ecosystem is experiencing tremendous growth by facilitating the development of innovative projects in it's ecosystem that could reorganize how diverse industries operate such as Silks a blockchain-based metaverse that enables users to own, trade, and profit from thoroughbred racing horses, Shiryo is a P2E Card trading game in the metaverse that allows users to hold their cards as NFTsbased on the Ethereum network, Sandbox is like the metaverse-equivalent of MineCraft in terms of its design and functionality. It like a real estate on the metaverse, Decentraland an online world that allows users to create their own avatars and purchase plots of virtual land. I think that as more industries adopt the use of Blockchain technology so will the value of Bitcoin and it's alternatives increase.

I think that Bitcoin could potentially become the Global standard for monetary transaction of value as more people adopt it's use and it's value increases.

News Source: https://news.bitcoin.com/us-senator-cruz-incredibly-bullish-on-bitcoin-says-i-have-a-weekly-buy/

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Blockstream Proposes a Whole New Type of Multisig Called ROAST

Security has always been of utmost priority in the crypto space. To reinforce security, multisig or multisignature is the widely accepted standard in crypto. Multisig refers to a method of transaction in which two or more signatures are required to sign off before the transaction can be executed. Rather than a single signature, multisig requires multiple keys to authorize a transaction.

In a bid to further improve security and avoid problems of transaction failures, the research unit of Bitcoin (BTC)-focused blockchain tech firm, Blockstream has published a proposal for a new type of multisignature. This multisignature ...

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Crypto Whales Ditched Tether for USDC After Stablecoin Panic

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JPMorgan backs bitcoin to rise 28% and says cryptocurrencies are now its preferred alternative asset

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[Investing post] XMR and BCH are the only cryptoCURRENCIES I hold, but I like what LRC is trying to do on ETH. What else do you guys invest in and why?

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UFOs are cool and everything...

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The Largest Crypto Conference in TLV

Thanks to Covid-19 slowly declining, we are gradually able to resume the life we once all knew and loved, which in my case is physical conferences. Don't get me wrong, I did enjoy the virtual conferences, but just not as much. One of the conferences I most looked forward to in these past couple of months has to be the 2022 Israel Crypto Conference taking place on May 23-25, 2022, in TLV based in a hybrid format- which I, like many others, believe is the best of both worlds. We can expect to see over 800 guests attending the event physically, with over 2000 local and international partners joining via live stream.

As the crypto market grows and develops, we can see its impact on our everyday lives. Those searching for a more passive investment avenue can utilize Cefi or centralized platforms, making cryptocurrency more accessible to those who are either new to the world of decentralized coins or just aren't interested in following the value of their coins full time. Furthermore, motivated entrepreneurs worldwide are bursting with ideas on how to capitalize and develop what is quickly becoming a new virtual universe. Cryptocurrency gives rise to new digital architectures such as NFTs.

With that said, the ICC (Israel Crypto Community) is sponsoring what will be known as the largest crypto event in the country and provides a platform for panels, presentations, and workshops from many influential players in the industry. The conference will be a unique opportunity to see the landscape of Israeli and international crypto, from the significant players to newer startups with disruptive ideas.

The following event brings together enthusiasts, builders, experts, and leaders to discuss and collaborate on different topics, such as Defi, crypto regulations challenges, cyber security, NFT, etc. Additionally, there are representatives from various startups, some well-known companies, and investors and venture capitalists participating in panels and networking events.

One of the event's co-sponsors happens to be Oobit, a financial services and blockchain technology provider, enabling fast, free and seamless payments between individuals and businesses. They recently launched their payment app, which strives to accelerate crypto adoption significantly. Furthermore, the company is currently negotiating with leading CEXs to list their utility token, $OBT, and is expecting an official listing in the upcoming months. They might not be participating in the event this year, but we can expect to see them build and develop connections with their blockchain peers throughout the conference.

Based on everything mentioned herein, we can expect to hear great feedback from the Israel Crypto Conference, coming to an end today. On a personal note, I can say that after tuning in to a few very memorable panels, my love for the crypto industry has only grown, and I can only expect that the Israel Crypto Conference will become an annual event. As for Oobit, you may ask? Well, I truly believe that by next year, they will co-sponsor the event and take part in it, thanks to their recently launched payment app.

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