Some see this event as a warning sign, some this as an opportunity. In the long-term, China has effectively removed the last area of centralisation that Bitcoin has left.
HODLers are acquiring more than the speculators are selling and thus, there is a good chance that a price floor has been set for this accumulation period.
We at Bitvice, actually think it is great news that the regulatory bodies finally recognises Bitcoin as a serious asset and that it will become a licensed product for financial services. But, we all have a fight ahead of us on privacy, self-custody and self-sovereignty.
News broke this weekend that El Salvador will be looking to make Bitcoin a legal tender in its country and to add it to its monetary reserves.
Accumulating just R2000 per month over the last three years would have resulted in you spending R72 000, but your Bitcoin value today would be worth ~R320 000, an increase of over 320%.
At Bitvice, we want to help as many people buy Bitcoin, but also to immediately receive it and custody it for themselves.
We hope to incentivise as many people to do this, by offering the highest referral reward in the market – 0.25% in BTC for every Bitcoin purchase through Bitvice.
In other words, every time a person that you refer to Bitvice makes an order, you will receive 0.25% of their Bitcoin purchased, to your Bitcoin address on record.