abrahamla088

@abrahamla088

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In crypto trading, leverage refers to the amount of borrowed funds used for trading positions.

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On Nov. 12, Kris Marszalek, the co-founder and CEO of Crypto.com, warned that the crypto market will need deleveraging before Bitcoin can breach $100,000 — nearly a month before BTC crossed the six-figure price tag for the first time.

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An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains in a case involving about $4 million worth of cryptocurrencies.

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Ahlgren has invested in Bitcoin since 2011. He purchased 1,366 BTC on the crypto exchange Coinbase in 2015 when Bitcoin was trading under $500. He sold about 640 BTC in October 2017 at an average market price of $5,807.53 and reinvested the $3.7 million in real estate.

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Ahlgren has invested in Bitcoin since 2011. He purchased 1,366 BTC on the crypto exchange Coinbase in 2015 when Bitcoin was trading under $500. He sold about 640 BTC in October 2017 at an average market price of $5,807.53 and reinvested the $3.7 million in real estate.

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An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains in a case involving about $4 million worth of cryptocurrencies.

0 reply

1 recast

1 reaction

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On Nov. 12, Kris Marszalek, the co-founder and CEO of Crypto.com, warned that the crypto market will need deleveraging before Bitcoin can breach $100,000 — nearly a month before BTC crossed the six-figure price tag for the first time.

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In crypto trading, leverage refers to the amount of borrowed funds used for trading positions.

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Both posts have since been deleted, and the Cardano Foundation is working on regaining control of the social media account.

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After Bitcoin rallied to all-time highs above $100,000 in early December 2024, El Salvador’s unrealized gains on its BTC purchases surged to more than $300 million.

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The local government has continued to acquire Bitcoin since, committing to buy one Bitcoin daily and accumulating 5,942 BTC as of November 2024.

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El Salvador has been purchasing BTC since adopting its Bitcoin Law in September 2021, making its first 200 BTC purchase on Sept. 6, 2021.

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In February 2023, the IMF urged El Salvador to address Bitcoin-related risks, arguing that its adoption of Bitcoin “had not materialized.” At the time, Bitcoin traded at around $21,600, according to CoinGecko data.

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As El Salvador was preparing to adopt Bitcoin law in July 2021, the IMF warned about customer difficulties related to the choice of Bitcoin versus fiat when it comes to payments. It stated:

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The IMF has been long opposing El Salvador’s adoption of Bitcoin, repeatedly warning the government and El Salvador President Nayib Bukele of the financial stability risks behind the decision to adopt Bitcoin as legal tender in September 2021.

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Expected to be finalized in the next two or three weeks, the deal is also anticipated to unlock another $1 billion of lending from the World Bank and $1 billion from the Inter-American Development Bank over the next few years.

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El Salvador expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes to its Bitcoin Law, the Financial Times reported on Dec. 9, citing people familiar with the matter.

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However, users are encouraged to stay clear of the account and not to interact with any links from the Cardano Foundation X page until the issue is fully resolved.

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