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The problem that emerges is the reclassification legally of Bitcoin.

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A future contract will help reveal the true depth of a market.

If we accept the quotes as real, then Bitcoin’s market capitalization is now larger than that of major US banks Citigroup or JP Morgan standing at about $ 220 billion.

If the governments would accept Bitcoin as legal tender in payment of taxes, that would be fine.

However, if they demand their own currency (dollars) which then forces one to sell Bitcoin to pay the tax, then the price will collapse and they will force you to pay the tax on the inflated number.

(Brown is a contributor to the Bloomberg Prophets online column.) What’s more, the whales can coordinate their moves or preview them to a select few.

Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market....And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year.About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management.But the real problem is that UNESCO has been abandoned to Islamist dictatorships. https:// The US secretary of state believes he can resolve the decades-old conflict between Israel and its Arab neighbors in a single 'deal of the century.' Moscow is waiting with bated breath to hear the details of the plan, according to its top diplomat.When President Donald Trump told the Palestinian president of his intention to recognize Jerusalem as Israel’s capital, he assured him a peace plan being put together would please the Palestinians…an apparent effort to limit fallout…Trump sought to temper the blow from his Jerusalem announcement by stressing that the Palestinians stood to gain from the peace plan that Kushner and U. Middle East envoy Jason Greenblatt were crafting…Israeli archaeologists announced to the press a discovery of 1,300-year-old coins from the Islamic Umayyad Dynasty imprinted with an image of the menorah from the Jewish Temple.This new discovery joins a trove of artifacts that show Muslim acknowledgment of Jerusalem’s Jewish identity.

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