In the United Kingdom, [regulation](https://brendanbeeken.com/crypto-regulation-in-2022/) for a UK crypto exchange can be seen as somewhat of a grey area compared to the European Union (EU) and the rest of the world.

Before diving into the state of play in the global regulatory realm, we look at why regulation is significant to a UK crypto exchange. Anti-regulation crypto enthusiasts often oppose any notion of regulation being introduced, believing it will hinder innovation and goes against the decentralised nature of cryptocurrency, specifically not being tied to any institution or government authority.

In the eyes of policymakers and many crypto business owners alike, these are the factors in which crypto may have implications on global financial stability:

## Size, scale, and volatility of the burgeoning crypto market 

The collective crypto market cap has reached highs of an estimated $2 trillion with high volatility. At the time of writing, the cryptocurrency market has shed $1 trillion in the last month! The crypto market is forecast to continue growing at a rapid rate sporadically.

## Disruptive innovation effects of the industry

The distinctive nature of cryptos underlying blockchain technology conflicts with existing regulation for traditional methods of cross-border data flow, intellectual property rights, and capital controls. This introduces ambiguity as to how digital assets are treated for taxation purposes and various other policy concerns.

## Correlation to existing financial markets

Earlier enthusiasts insisted that crypto can add valuable diversification benefits as a hedge to one's portfolio. So much so that the OG of crypto, Bitcoin, is still often dubbed "Digital Gold". Recent analysis suggests this is not the case, as there is a strong correlation between BTC and the S&P500 during the Covid-19 pandemic. Figure 1 below displays significant swings in volatility aligned with the trend of the US stock market. 

![Uk crypto exchange image 1.webp](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Uk_crypto_exchange_image_1_539fbfac6f.webp)

 
Figure 1 (IMF, 2022)

For these reasons, policymakers worldwide see regulatory guardrails as imperative to achieving the common objectives of stabilising their monetary systems while championing innovation and economic growth.

## Importance of regulation for a UK crypto exchange

Close to a year ago, Binance, the largest crypto exchange in the world in terms of daily trading volume, was banned by the UK regulator. This caused panic among British users who could not withdraw their fiat funds from the platform. 

Crypto is volatile enough. UK crypto exchanges do not want to be banned like Binance. UK crypto exchanges crave stability, guardrails, and direction from regulators that can inform how to run their business sustainably. Therefore the Moni Talks team and I believe regulation is positive for a UK crypto exchange.

## Regulation fosters stability in the market

For cryptocurrency to unleash its full potential, the industry will need to integrate into the mainstream financial system. This will unlock even more finance and use cases of blockchain technology among institutions and everyday retail investors alike. 

Regulation will guide cryptocurrencies from looking like a gamble to more like an investment.

## Encourages consumer protection and confidence

UK crypto exchanges do not have access to the same capital protection in the case of default as regulated stock exchanges in the legacy financial system. If, one day, investors can be assured that 80% of their funds are recoverable in the case of default, this will inspire wider adoption of cryptocurrencies. It will shift the mindset away from “only invest an amount in crypto you can afford to lose (5%-10% allocation of your portfolio)”.

## Safer Crypto Industry

Although certain cryptocurrency coins like [BTC](/coins/btc) are completely secure, immutable, and transparent, many certainly are not. There is widespread fraud, scams, rug pulls, and market manipulation, which gives the industry a bad name. Scammers took $14 billion worth of crypto last year, a record compared to the $7.8 billion taken by scammers in 2020, according to a report by blockchain data firm Chainalysis.

At Moni Talks , we are a customer-first company and support regulation to weed out bad actors in the industry.

## Current regulatory landscape

Globally, central banks and policymakers are assessing impending regulatory responses to the rise of the crypto ecosystem. The traditional financial system becomes more interconnected with the rapidly growing decentralised finance (DeFi) industry each day. Concerns about how significant the overspill effects of this could be on the systemic stability of the monetary system have been keeping policymakers busy.

Countries from China to El Salvador have started evaluating and implementing different regulatory options. Most countries are broadly aligned in their objectives: to protect consumers, prevent illicit financing, protect the integrity of the market, and promote innovation. 

Some jurisdictions, such as India, have proposed amending existing legislation. The EU and United Arab Emirates (UAE) propose setting up completely new regulators to deal with the industry comprehensively. The UK has adapted. The UK has transposed some of the related frameworks related to [cryptocurrency regulation](https://complyadvantage.com/insights/crypto-regulations/cryptocurrency-regulations-uk-united-kingdom/) in the EU into its domestic law. Many jurisdictions' regulation is in limbo while still being developed before having the ability to be enforced. In Great Britain, all UK crypto exchanges are to be registered with the FCA.

Differing regulation presents arbitrage opportunities, lack of common standards and lingo. The Digital Currency Governance Consortium, composed of more than 80 organisations representing 33 countries, is tasked with facilitating a coordinated approach to regulation across the globe.

Key takeaways of UK crypto exchange regulation:
•	UK crypto exchanges are legal and have registration requirements with the Financial Control Authority (FCA)
•	The sale of crypto derivatives and Exchange Traded Notes (ETNs) are banned
•	Cryptocurrency is currently not considered legal tender
•	The HM Treasury plans to regulate some cryptocurrencies as part of a wider plan to make the UK a digital payment hub.

## Turbulent regulatory timeline for a UK crypto exchange

The UK has transposed some of the related frameworks related to cryptocurrency regulation in the EU into its domestic law. 

On 10 January 2020, the FCA announced that firms offering cryptocurrency services based in the UK are to be registered within one year. 

Importantly, to be classified as a registered UK crypto exchange, a company must comply with Anti Money Laundering (AML) and Countering the Financing of Terrorism (CFT) reporting and customer protection obligations. This ignited a scramble of application submissions inundating the FCA processing resource.

On 6 October 2020, it was announced that the sale of cryptocurrency derivatives to retail consumers was banned by the FCA. This came into effect three months later in order to protect everyday investors from market volatility. 

In December 2020, a ‘temporary registration regime’ was introduced due to the prolonged processing times of all registration from crypto businesses applying to adhere to the licensing requirements. On this register, a UK crypto exchange will be able to continue trading while awaiting determination of it’s application for registration with the FCA. 

More than 80% of applications to the FCA have withdrawn or been rejected on the back of not meeting standards money laundering standards. Crypto has often been referred to as the Wild West and licensing requirements are clearly the new Sherrif in town. 

Gemini’s head of UK, Blair Halliday, said, “The licensing regime is important as it provides customers the assurance that they’re dealing with a firm that has undergone rigorous scrutiny." 

From 10 January 2022 onwards, UK crypto exchange firms, as well as recognised financial advisers and investment managers that market and provide services in the UK market, have to be registered by the FCA. As of 30 March 2022, 33 firms have been registered with the FCA, and only 12 firms remain on the temporary registration regime with notable names such as Revolut and Copper. 


Regulatory Impact on a UK Crypto Exchange

In this review, we discuss [Bitcoin Trader](https://www.bitcointrader.com/), a cryptocurrency trading bot whose aim is to improve the profitability of crypto traders within the market. 

The [Bitcoin](/coins/btc) robot was developed as a flexible trading tool, merging automated and manual trading tools to benefit a wide range of traders. It is easy to operate and works based on predefined rules set by users. These can be altered at any time; the rules can be changed based on the trader's preference, experience level, or risk appetite.

Machine learning models and artificial intelligence are used by Bitcoin Trader to analyse the markets and spot movements of various trends. Thus, finding the best entry and exit points for trades and increasing the trader's chances of a higher return. The developers of this robot state that it scans the latest market news, analyses trends, and enters trades quickly and frequently, with the system being 0.1 seconds faster than the market itself.

## Strain on Users Reduced

They add that the bot can help with market analysis and reduce the strain of extensive research on users. It is also believed that the bot is 85% accurate. Furthermore, it ties traders with brokers across the world. The broker then bears the responsibility of position sizing and trade execution. 

The system also allows you to set your specifications and trade based on your research. This suits more experienced traders, who better understand the market and are more comfortable conducting their research. The goal is for you to make a profit regardless of your trading strategy or system.

The robot’s speed also extends to its transactions, processing deposits within minutes. Withdrawals are also processed in 24 hours. The bot doesn’t charge any fees for transactions or account maintenance, nor are commissions taken on your trades. This greatly benefits the customer, as your only cost is the minimum deposit, which currently stands at $250. This price is in line with many other crypto trading bots in the financial space. With the demo account, you get the chance to do proper research and improve your position. There is also customer support via email and phone.

#No Software Installation Needed

Bitcoin Trader is a web-based platform, so no software installation is needed, and no updates need to be downloaded. It can be used from any desktop, laptop, tablet, or mobile phone worldwide, providing there is a stable internet connection. Also, even though the name is Bitcoin trader, you can trade a vast number of cryptocurrencies on the platform. Verification is also quick, with the only information required being the user information and their payment details.

The Bitcoin Trader robot seems credible, with a success rate of 85%, and there are no fees apart from its minimum deposit amount. However, there are risks involved, as with any form of trading, that can lead to you losing your initial deposit. Therefore you must approach the bot with caution and proper research before using it to put on trades. You must start with funds that you can do away with and only trade within the appropriate risk parameter and don’t trade over the minimum balance.



Bitcoin Trader Review: What Is It?

Could you spend Elon Musk's money if you had it? And what would you spend it on?

For some, well, not all; it's no news that Elon is known for making bold investments in various industries, like automobiles, crypto, space exploration, etc.

Considering how wealthy he has been over the last decades, this is no surprise - earning a massive amount of money off his investments and being the world's richest man with well over $200 billion in net worth.

Elon holds a significant interest in three important companies; Tesla, SpaceX, and Twitter. The business magnate spent a whopping $2.89 billion purchasing a 9.2% stake in Twitter, which, in turn, made him the company's largest shareholder.

Elon is known for bold purchases and wise investments, and Twitter shares surged about 27% right after the purchase.
 
## Elon Musk's Best Investments To Date

Over time, Musk has invested in Tesla, PayPal, SpaceX, and DeepMind Technologies, which became successful companies.

### Tesla

Even though he wasn't a founding member of Tesla, he was among those who led an early round of financing the company back in 2004. And in 2008, he became the CEO of the company. Today Tesla is a significant EV manufacturer and the largest EV company by sales and market share.
PayPal
 
Musk founded X.com with others and that ended up being PayPal in 2001. When the owners sold PayPal to eBay in 2002, Musk, who with an 11.7% stake was the company's largest shareholder, received more than $150 million.
 
### SpaceX
 
In 2002, Elon founded SpaceX with a mission to innovate on space technology and a primary aim of taking humans to Mars. Pretty lofty goals, right? Since its inception, Elon has helped the company take on significant space projects; in 2021, NASA awarded SpaceX a contract to haul astronauts to the lunar orbit of the moon's surface in its Starship vehicles. 

## How Would You Spend Elon Musk Money
 
Considering how wealthy Elon is, being the richest man on Earth, you must have thought: 'How would I spend Elon Musk's money?'. Here are some ideas:

## Buy Bitcoin in Large Amounts
 
If you're keen on investing like Elon or just looking for ways to spend your money reasonably, you can purchase and hold Bitcoin in large amounts. Yes, it's a wise decision; in the past and present times, famous business magnates have evangelized the importance of owning Bitcoin. 

Why? Because it might just be the next big thing in finance, if it isn't already.
 
## Start or Invest in a Company You Love
 
Everyone is passionate about something. If that's you, then spending money on starting a company of your liking isn't such a bad idea. It's easier said than done, but what are the odds of losing if you try? You get to do what you love and start something you're passionate about that could lead to something big.

## Final Thoughts

Suppose you have well over a billion dollars. In that case, you can invest in companies, companies that you love their products oh so much, and, more so, companies that have the potential to innovate or change an industry constantly over time.

Do you love Apple products or Tesla cars? Investing in Tesla and Apple is a perfect way to spend your money wisely without worrying over significant losses.


 
 
 
 
 
 
 



Spend Elon Musk Money? How Would You Spend Billions?

The [BTC](/coins/btc) price is now trading at $28K, indicating that it is highly oversold, as evidenced by RSI levels around 30%.

Indeed, the RSI has hit levels not seen since the May 2021 crisis. The price may have a positive retracement and retest the broken $30K barrier in the immediate term. However, it is also feasible that it will continue to fall towards $24K and $20K, which might eventually indicate a mid-term bottom. 

The 50-day and 100-day moving averages also form a bearish crossing, which might increase the likelihood of lower prices sooner rather than later. BTC price has broken below the huge bearish flag that has been building over the previous few months, indicating a negative continuation scenario. 
 
The downtrend is presently displaying symptoms of fatigue, with the past few candles closing with large wicks to the downward. The RSI is also attempting to break above the oversold area, implying a short-term positive pullback to the previously breached $30K barrier. However, the bears have total control, and a collapse below the $24K level remains likely. 

The futures market undoubtedly had an influential role in this collapse, since Bitcoin's open interest was unusually high even as the price fell from $48K to $37K in April. This gradual decline in open interest during a 20% drop indicated that many stop losses and liquidation targets of long positions were located below the $37K, $33K, and $28K support levels.  

However, the open interest is still significantly greater than in May 2021 following the drop from the $64K ATH, indicating that the futures market is still hot, despite the current decline. Because high open interest results in significant volatility, this might be taken as a negative indication. Rising inflation, geopolitical events, and concerns about the Fed tightening monetary policy have all contributed to heightened market volatility. 

The Fed raised interest rates on Wednesday - the first time in more than 20 years - signalling that future rate hikes are likely and that the balance sheet runoff will begin in June. Some analysts believe [TerraUSD (UST)](https://coinmarketcap.com/currencies/terrausd/), one of the most popular stable currencies, also contributed to Bitcoin's fall this week. UST is supposed to be tethered to the dollar, but it plummeted to 29 cents this week and crashed in a simulated bank run as investors panicked and sold out their tokens. 

Since December 25, 2021, the BTC price has not risen beyond $50,000. Despite the problems, Bitcoin has remained above its January low of less than $34,000, which was the lowest in the preceding six months. BTC price dropped by 40% since its all-time high above $68,000 on November 10, owing to rising inflation, a sluggish job market recovery, and the Fed's continuous signs that it will begin winding down the measures to assist the economy.

Despite a poor start to the year, Bitcoin entered 2021 on a high note, thanks to a robust November and early December that gave way to the recent downward trend. After beginning 2021 around the $30,000 level, Bitcoin rose throughout the year, reaching its current all-time high of $68,000 on November 10.  

Despite decreasing dramatically from its most recent all-time high, many analysts believe BTC price will eventually surge beyond $100,000, describing it as a matter of when, not if.

Bitcoin reached its first high in 2021 when it surpassed $60,000 in April. Since then, the price fluctuation has highlighted the cryptocurrency's unpredictability when more individuals are eager to participate. Bitcoin bounced dramatically up and down in the weeks between a July low that brought it below $30,000 and its most recent peak in November. 

## Analysts’ Views of BTC Price

According to a crypto specialist, price fluctuations are expected for individuals who invest in crypto for the long term. Big drops are not a cause for concern, and he avoids reviewing his stocks during dangerous market falls.

Humphrey Yang's set it and forget it attitude to cryptocurrencies mirrors his approach to traditional stock market trading. Still, other experts believe Bitcoin is too distinct from traditional assets to draw historical similarities.  

Recent price fluctuations have been accompanied by rising inflation, persistent uncertainty over the country's protracted battle with COVID-19, and new regulatory steps by the United States government, notably Biden's recent executive order.
 
## Cryptocurrency Crime and Tax Evasion 

A few main themes have developed about new cryptocurrency regulation in the US: preventing cryptocurrency crime and tax fraud, ensuring stable coin regulation, and the possibility for investment vehicles like crypto ETFs and other funds.
The decentralised nature of digital currencies is a significant appeal for many crypto aficionados. However, regulatory guidelines can assist in protecting investors.  

One proposal would broaden the definition of a brokerage to include firms that support digital asset trading, such as cryptocurrency exchanges. This type of move would imply higher tax reporting duty to assist the IRS in tracking crypto tax evasion. 

Companies that facilitate crypto trades would be compelled to provide tax information about such exchanges to the IRS, beginning with the 2024 tax season, under a proposed new rule being examined by legislators.  

Furthermore, Gensler has spoken about the necessity for increased legislation to help avoid future ransomware attacks. 

## Stable Coin Regulation 

Stable coins are most utilised by sophisticated traders to decrease costs on crypto-to-crypto exchanges, but the Biden administration analysis suggests that stable coins may become a more general digital payment system. Because cryptocurrency is still in its infancy as an asset class, any new regulations may influence investors' portfolios.

According to Gensler, unscrupulous actors may be able to dodge public policy measures and other punishments targeted at preventing money laundering or guaranteeing tax compliance by avoiding the use of US dollars in direct crypto-to-crypto exchanges. 

## Cryptocurrency ETFs 

Cryptocurrencies ETFs are not now accessible in the US, but they may provide a future method for investors to invest in cryptocurrency without buying directly from an exchange. "There's not a method to acquire an asset that closely tracks the price of a certain cryptocurrency until an ETF is approved," explains Jeremy Schneider. That implies that the only method for investors to do so is to purchase coins directly from an exchange. If you are interested in cryptocurrency, these funds, like a traditional ETF or index fund, may help you diversify your assets among multiple coins. 

## Biden's Executive Order  

President Joe Biden has authorised federal agencies to establish a plan for laws and regulations on digital assets such as bitcoin with the signing of a new executive order on cryptocurrency. 

According to experts, the decision will assist in creating the regulatory clarity needed for significant institutional adoption of Bitcoin and other digital assets. Long-term investors may benefit from more stability in the usually turbulent crypto sector. After an early burst that saw the price of Bitcoin rise, it quickly dropped again. 

Biden's directive also directs US authorities to ensure that the country's cryptocurrency regulations are consistent with US allies. It charges the Financial Stability Oversight Council to investigate any illegal financial issues. Furthermore, the law underlines the significance of a new central bank digital currency issued by the government. Biden's executive order is a timely reminder that US politicians are closely monitoring Bitcoin and how it may impact financial markets in the future. This should not persuade crypto investors to make quick adjustments to their long-term investment strategy.

Experts advise sticking to the most established cryptocurrencies, Bitcoin and Ethereum, and investing just what you are willing to lose or no more than 5% of your overall portfolio. Budget essentials such as emergency preparedness, debt repayment, and retirement savings should take precedence over Bitcoin investments. Regarding where to purchase and sell cryptocurrencies, stick with a well-known, high-volume cryptocurrency exchange. 

## China’s Ban on Financial Institutions from Cryptocurrency Business 

China has prohibited financial institutions and payment businesses from offering cryptocurrency transaction services and has advised investors against speculative crypto trading.

According to a blockchain analysis business, a combination of factors has contributed to the recent sell-off, in which new short-term investors dumping their holdings in response to the latest decline may be adding to the reduction in Bitcoin's value. However, the stock and cryptocurrency markets have historically gained despite greater volatility and this is expected to continue. As a precaution, experts urge investors to keep investments small to handle volatility. 

To conclude, if Bitcoin survives as a digital asset class, which it may, it will be seen as a high-risk asset class. As a result, it might see a significant gain in value in the future or go the other way and become worthless. Therefore, it remains to be seen if Bitcoin is indeed the future “world money".


BTC Price: Bitcoin Update

Apparel like [BTC Activewear](https://btcactivewear.co.uk/) and similar have benefitted from several shifts in trend over the last decade – especially in the last couple of years. The pandemic has carved the way for work from home and home fitness for many people. And that's when comfortable activewear and sportswear saw a sharp rise in demand and supply.

## Activewear on the rise

Previously, sportswear was a niche for only a particular sporting community and fitness junkies. Only recently, apparel genres like activewear have become popular in the digital clothing market. The sportswear demand grew tremendously over the years due to consumers choosing to look sporty and wear comfortable clothes almost everywhere. This led companies like BTC Activewear to put out fashionable athleisure catering to the ever-growing demand. Brands have reacted well to this fashion trend, invested in cutting-edge technology, and set up research facilities to stay in the game. 

## Major trends in sportswear

As supply and demand have changed over the last decade, the relevance of technology in the apparel industry has become crucial for brands. This change has also brought a greater focus on using environmental-friendly materials to ensure comfort for the consumers. Many brands have incorporated state-of-the-art technology and research facilities to make apparel more functional, provide comfort to the wearers, and regulate temperature efficiently. For instance, Adidas invested around $1.7 billion in R&D while Nike and Puma invested over half a billion in the last decade.

## Why is BTC Activewear in demand?

The lifestyle choices have evolved since the pandemic. People are moving towards a hybrid environment, which makes adaptable attire trendy. Cotton-like clothes or dry-fit cotton with good stretch have become the norm. [BTC](/coins/btc) Activewear offers its wearer a casual look with a functional appeal. Their leggings with phone pockets have become all-time wear for women. Likewise, stretch daily pants with elegant designs and comfortable forms are now commonplace for men. 

In this era, style and trends have changed significantly along with the entire community’s shift in perspective. Now, consumers demand clothes that fit in all settings and make you feel confident. The sportswear and activewear market adapts to this change by catering to their clients’ needs. As a result, people prefer apparel that effortlessly complements their lifestyle while providing comfort and performance during their daily activities.

## What’s the future for apparel brands like BTC Activewear?

Demand for modern apparel brands like BTC Activewear saw a massive rise in the post-pandemic era. People now prefer to follow home fitness regimes and virtual coaching that renewed surge even when the pandemic hit the globe. The supply will also continue to grow around sustainability lines. Brands like BTC activewear are now moving towards pushing for recycled chemicals and more natural fibers, which could be game-changing in reaching the industry's sustainability goals.
 
 
 
 
 



BTC Activewear: Between Sustainability and Demand

This article addresses how to calculate the conversion of BTC into GBP. Before we start, it's important to understand what bitcoin really is.

[Bitcoin](/coins/btc) is a decentralised online cryptocurrency that can be sent from user to user on a peer-to-peer network without intermediaries.

The cryptocurrency is also called "digital gold" due to its high value, which no government or bank can manipulate. It is increasing in popularity as a payment method because it offers a more efficient and cheaper way to do business.

After hitting an extortionate value, Bitcoin is losing some of its value today. As the value changes, many people are concerned about the loss. To understand how much you can potentially lose or gain, you need to determine the fluctuation for each day. Let's look at how to calculate BTC to GBP daily.

## BTC to GBP: Calculate the Value Daily

The [value of Bitcoin changes every day,](https://coinmarketcap.com/) so there's no straightforward formula to work out the price of 1 BTC in GBP. So, let's keep the following as a rough guide for better understanding.

First, you need to find the number of Bitcoins currently in circulation. You can visit any reputable cryptocurrency app or website that tracks data on it.

Next, find the exchange rate for today. You can use a converter, easily found online, to find a reasonable estimate for the current exchange rate. But remember, the price of 1 BTC depends on its value relative to other cryptocurrencies.

For a rough idea of what one bitcoin worth is in pounds sterling today, consider doing the following formula:

1 BTC = (Current value of 1 BTC in GBP / The exchange rate from that day’s date) 0.000033 * 30,362.43 = 1.00196019 GBP
This method can give you a rough estimation of what one BTC is worth in GBP in today’s money terms. But since the price changes every day, the value of 1 BTC to GBP will also change.

The best thing about cryptocurrency is that it's backed by mathematical proof instead of any authority. The digital currency is immune to political influence as it's not subject to government control or inflation.

## How to Calculate the BTC to GBP Exchange Rate?

The BTC to GBP exchange rate is the rate at which Bitcoin will be exchanged for the British pound on a specific date or time. As no central banks control the cryptocurrency market, calculating an exchange rate for this system can be challenging. Use the formula mentioned above to calculate the current price of one BTC to GBP.

1 BTC = 1.00196019 GBP

## Conclusion

As cryptocurrency is becoming more and more relevant in today's technological revolution, it has become most important to understand the conversion of Bitcoin into GBP. The value of Bitcoin fluctuates each day, so you need to check the value daily to determine how much Bitcoin is worth in GBP today.
 
 
 
 



BTC to GBP: 1 Bitcoin to British Pound Sterling

This week we watched as the [Bitcoin](/coins/btc) price crashed to its lowest level in almost a year, infamously going along with the stock market plunge.

This, however, isn't unexpected and can be attributed to the Federal Reserve's tightening its grip on the overall economy. Last week, Fed Chairman Jerome Powell stated the central bank accepted a half-percentage-point interest rate rise in an attempt to restrain inflation that reached its record heights in the last 40 years.

Constant rising inflation, paired with a heavy growth of the interest rates, creates one of the most significant short-term dangers for the American economy. The Fed also cautioned that the Russia-Ukraine conflict could represent a dangerous threat to the country's financial stability.

The central bank said that more 'adverse surprises' in interest rates and inflation could affect the financial system negatively, especially if they are accompanied by economic activity declining.

The rest of the algorithm is pretty clear - as the Fed raises rates, the U.S. Dollar Index became the strongest in the last 20 years.

The Crypto community is not happy with the Fed's supremacy over the digital currency markets. Bitcoin's price crashed by 17% in April - the worst monthly performance this year. The biggest cryptocurrency by its market cap completed six consecutive red weekly candles, a phenomenon that hasn't happened since 2014.

However, solace of a kind is found in the fact that crypto prices are following equities, especially tech stocks. This means that the fall isn't the direct result of investors not believing in crypto. Still, it shows that Bitcoin is still not considered a hedge against inflation.

## Fears of Crypto Winter

Analysts argue about what could happen next. Some are afraid of repeating the crypto winter 2018, while others claim the crypto sector is in a better condition now than it was four years ago.

Still, the geopolitical situation is far from ideal. Last year was marked by a COVID pandemic that boosted virtual finance and resulted in altcoins jumping more than 5,000%. This year, we are witnessing an exodus from the crypto market.

At the time of writing, Bitcoin was trading at more than 40% lower than its all-time high. It won't be easy to HODL and many will be tempted to sell. 

However, to sell a loss, you're limiting yourself from profiting.

The Fed may be a big deal, but it isn't the only regulator of the digital currency market. The whole sector is still in diapers and we're still waiting for it to be regulated.

## Crypto Not Losing Its Grip

Be that as it may, we doubt the crypto market will lose its grip. However, some investors may reallocate from Bitcoin or gold to the dollar in the short term. Still, it is believed that Bitcoin will still be guided mainly by basic factors, such as an increase in users and network usage.

On the other hand, Bitcoin bulls will most probably take advantage of the Fed's move and, almost regardless of price, buy the dip.



 Bitcoin Price Crash After Fed Raises Rates

Bitcoin saw more than 19 million coins of the 21 million maximum supply in circulation at the beginning of April 2022. This has made it easy for miners to answer the question, 'how many [Bitcoins](/coins/btc) are out there to mine?'.

Bitcoin is the most popular digital asset, and the largest by market capitalisation.

## What happened?

On April 1, 2022, SBI Crypto mined the 19th million block, which was termed '730002'. As of writing, BTC's circulating supply was 19,017,800. This milestone has sent waves across the crypto finance market, with many novices or beginner traders asking how many Bitcoins there are. When Satoshi Nakamoto created Bitcoin in 2009, he released a maximum supply of 21 million BTCs.

## Why is it important?

Fewer than 2 million BTCs are left to be mined. This provides closure to investors and miners that want to know how many Bitcoins are there now.

Bitcoin is involved in millions of transactions daily.

Although it would take until the year 2140 before the last BTC is mined, the attribute of scarcity has started trending across social media and search engines (DuckDuckGo, Bing, Yahoo Search, and Google).

Since scarcity is an attribute that confers value on a currency, in addition to durability, non-counterfeitability, utility, divisibility, and transferability, many stakeholders of the crypto finance space have started making bullish forecasts about the digital gold.

Among them is New York-based certified public accountant Kate Waltman, who specialises in crypto and predicted a $100,000 valuation for BTC in 2022.

Jurrien Timmer, the global macro director at [Fidelity Investments](https://www.fidelity.com/go/join-fidelity-investments?imm_pid=700000001009130&immid=100742&imm_eid=ep6546361576&msclkid=689d26d656f11e95ca4344ac6e1e3c35), projects BTC could reach $100,000 in 2022.

Bitcoin could command the least possible price of $100,000 and the best possible price of $150,000 by the close of 2022, per the analysis of Ian Ballina, the founder of Token Metrics (a crypto research and media company).

Blockchain data analyst Matthew Hyland foresees BTC reaching the $100,000 price milestone in 2022.

The chief executive officer of Parallax Digital (digital assets marketing and consulting firm), Robert Breedlove, believes BTC has the potential to reach $12.5 million in 2031.

## Bitcoin’s driving factors that could lead to a rally in 2022

As of writing, there are more than 19,000 cryptos on the market. Since BTC is the first blockchain-backed cryptocurrency, it is not surprising to come across questions such as how many types of Bitcoins are there.

There is one Bitcoin and its price patterns affect other tokens, which are collectively called alternate coins (altcoins).

Although Bitcoin is a primary driver of the price of thousands of coins, these drivers need to kick in for experts' valuations to come to fruition in 2022.

The aura of scarcity will undoubtedly throw more liquidity into Bitcoin. In addition to this, mainstream adoption of Bitcoin will play an invaluable role in the token’s valuation. What’s more, the improvement of Bitcoin’s ecosystem with the triggering of the Taproot upgrade in November 2021 could see more decentralized applications and protocols (dApps) add more weight to the token.

With the clampdown on mining rigs by China and India, Bitcoin will thrive in more mining-friendly countries so that more coins will be added into circulation.

You should not forget that as proof-of-work (POW) networks, Ethereum mining revenue beat Bitcoin in the first quarter of 2022.
Lastly, Bitcoin could reach new milestones if favorable regulations are implemented.

Billions of people still consider BTC as a coin that is involved in dark web activities due to its appearance in several cybersecurity reports.

Once BTC gains the backing of major economies globally, it would be easy for the token to spike and reach new high highs.

As of writing, BTC still trades in a bearish cycle and needs whales/institutional investors to push its price to new milestones.

## Frequently Asked Questions 

### How many Bitcoins are available? 

There are 1,892,200 BTCs left to be mined as of April 21, 2022.

### How many Bitcoins are there in total?

There are 21 million BTCs in maximum supply.

### How many Bitcoins were there in 2010?

The first block was mined on January 9, 2009, and consisted of 50 Bitcoins. By the end of 2010, there were approximately 3,396,000 BTC mined.


How many Bitcoins are there? Just 9% left!

[Bitcoin](/coins/btc) Revolution and Dragons' Den, the popular TV show, appeared together in online ads. But did the platform really have endorsement from the stars?

Just try Googling 'bitcoin revolution dragons den'.

Celebrities influence their fans. They can influence the buying and investment decisions they make. Crypto scammers know this and keep inventing new ways to scam unsuspecting people of their hard-earned money.

The latest tactic in the books is the alleged endorsement of Bitcoin Revolution by Dragons' Den stars.

## Background 

In February 2022, a 75-year-old woman lost more than £30,000 to the Dragons' Den Cryptocurrency scam. The scam uses faked quotes from the entrepreneur, Deborah Meaden, a star of the TV Show Dragons' Den.

The scam takes advantage of well-known and influential stars to post faked quotes encouraging investing in cryptocurrency for quick returns. While these stars have nothing to do with the Dragons' Den scam, UK social media users continue falling for online scams that lose them tens of millions of pounds every year.

Another star the crypto scam exploits is Peter Jones, an English businessman, entrepreneur, and star of Dragons' Den.

The Dragons' Den scam also uses Theo Paphitis, a retail proprietor and entrepreneur who makes appearances on the Dragons' Den show.

Other celebrities included in the alleged investor list include:

•	Duncan Bannatyne 
•	Richard Farleigh 
•	Touker Suleyman 
•	Doug Richard
•	Rachel Elnaugh
•	Simon Woodroffe
•	Sara Davies 
•	Tej Lalvani 

## Bitcoin Revolution Explained

Bitcoin Revolution, an automated cryptocurrency trading platform, was designed to allow beginner and advanced users to trade digital currencies, including Bitcoin, Ripple, and Ethereum.

The platform claims an 88% average win for its users. It is based on an algorithm that scans and analyses offers from various users and presents the results in a simplified view. 

Before signing up, users are expected to deposit a balance of 250 pounds to activate the auto trading function. This function completes the trades automatically for the user. 

## Dragons' Den Stars' Endorsement

Many articles and social media posts claim endorsement of Bitcoin Revolution by Dragons' Den stars and other celebrities and business moguls.
These claims of endorsement have met with backlash from the said stars. In a [tweet](https://twitter.com/DeborahMeaden/status/1230788783404126210), Meaden alerted her users about the scam, saying, “Fake ads using Dragons' Den and myself as clickbait then directing to a Bitcoin site are a scam. Don't click or it feeds the ugly and DEF don't give them money.”
Regarding the claim of his endorsement of Bitcoin Revolution, Peter Jones said: "It’s a complete SCAM & my legal team is on it now." Mr. Jones expressed his opinion following an alert of claims that he had bought 20% as a bitcoin trader. 

## Conclusion

Bitcoin scams continue to expand and reach more people through false information and advertising. The UK government has made steps to protect its citizens by adding a legal duty to prevent popular social media platforms from allowing paid-for fraudulent adverts from appearing on their platforms. In addition, the government is working on measures to tighten the requirements for the online advertising industry to create a safe, transparent, and accountable ad market.
 



Bitcoin Revolution: Dragons' Den Endorsed?

Simply put, [Bitcoin](/coins/btc) Revolution is an automated crypto trading platform created in 2017. The platform uses an AI algorithm to find and execute potentially profitable trades for users. Users also like it because it is easy to use, feature-rich, and compatible with various brokers, regulated and unregulated.

## Bitcoin Revolution Features

Some of Bitcoin Revolution's features include:

### Demo account: The demo account lets users test Bitcoin Revolution's capabilities before committing. The demo account allows users to perfect their trading strategies before staking real money. Users can customize the account for a better crypto trading experience.

### AI interface: The AI algorithm simplifies crypto trading for beginners. The AI tracks price changes in the crypto market and executes trades on behalf of users. The AI eliminates the need for extensive knowledge to earn from crypto trading.

### Live trading: The live trading feature allows users to trade in real-time. The AI bot helps with live trading. The feature is also accessible through the demo account.
Customer support: Bitcoin Revolution's customer support system is available 24/7. Day and night users can get assistance.

### Fees: Bitcoin Revolution does not charge trading or non-trading fees. The platform has no monthly or annual subscription fees, no deposit fees, no withdrawal fees, and no setup fees. The only requirement is a minimum deposit of $250 to start using the platform.

## Is Bitcoin Revolution a Scam?

According to many reviews on the net, Bitcoin Revolution is a legit trading platform that delivers on what it promises. Leading crypto publications like The [InsideBitcoins](https://insidebitcoins.com/) and [Cryptovibes](https://www.cryptovibes.com/) agree Bitcoin Revolution is not a scam. Some experts have carried out a $250 test on the platform and confirmed it is possible to earn $200 daily. There are many testimonials on the platform's official site suggesting it is not a scam.

However, a few things stand out when you take a closer look at the platform. These are things that make a few people question the platform's legitimacy.

## Bitcoin Revolution's team

The trading platform's team is listed nowhere. According to the platform's official site, in 2015, a "team" of Wall Street traders and MIT engineers came together and developed Bitcoin Revolution. A good product with no known team is a red flag.

## Guaranteed Returns

Those who have treaded the crypto market know the market does not guarantee returns, especially high returns. Bitcoin Revolution claiming to guarantee returns is another red flag.

According to the trading platform, users benefit from a daily profitability rate of 60%. The platform also assures users of a 99.4% success rate.

Is Bitcoin Revolution a scam or legit? The red flags are there to warn users about the platform. However, there are also a few reasons to look at the platform from a positive angle. Begin with the demo account, where you don't have to spend anything.

## Conclusion

Bitcoin Revolution has its pros and cons. It is easy to use, feature-rich, and accessible from any device anywhere.

However, before committing to the platform, consider that it features an anonymous team, operates in the crypto space, and guarantees high returns. Extensive research can help you determine whether Bitcoin Revolution is the best crypto trading platform for you.



What is Bitcoin Revolution and is it Legit?

When you read that Peter Jones endorses a [Bitcoin](/coins/btc) scheme, it could spark your interest. But take care, the Dragons' Den star is among celebrities whose names and images have been used without their knowledge in crypto scams. 

Due to being unregulated and with much attention on it, the crypto market is the go-to place for scammers to lay their traps and lure unsuspecting victims into financial ruin.

What do scammers need to fool someone? The promise of quick, easy, or free money backed by false reviews or false promises from socially respectable and trustworthy people. What better way to gain someone's trust than by faking a celebrity endorsement to promote a scam?

## This article delves into what to look for while traversing the crypto markets.

A popular scam back in 2018 saw many UK celebrities featured in fake articles, including Peter Jones and Deborah Meaden from the entrepreneur show  'Dragons Den', Alan Sugar from 'The Apprentice', and even the notorious Simon Cowell. The way this scam works is that a third-party website advertises a story of said celebrity making huge gains from a Bitcoin scheme, with a clickbait photo of the celebrity. One article had a picture of Deborah Meaden with a black eye to get the unsuspecting viewer to click on it. Another just needed to put the words 'Peter Jones Bitcoin' together.

The clickbait picture soon becomes irrelevant. The article explains how the star, such as Peter Jones, apparently recently took an interest in a scheme and, at the bottom of the page, there is a link to join the scheme. It is advertised as an exclusive deal which is soon closing to new members. The site then has you enter your name, email address, and phone number. Time passes, and then you get a phone call from a scammer playing the role of an 'investment manager' who encourages you to make a reserved investment of a couple of hundred pounds in exchange for some Bitcoin. Once you make the payment, you are sent an email with a fake trading platform site where your supposedly bought Bitcoins are held.

Later, you check your account on the platform to see that your £200 has now doubled or even tripled. Your 'investment manager' is persuading you to buy more. You tell them you're thinking of taking some of your money out, and he sends you 40% of your initial investment, creating a false sense of security and legitimacy. You feel reassured and continue sending money. But when you ask to withdraw again, you are met with silence from the supposed manager, who has now disappeared with your money.

## 212 Reported Celebrity Endorsement Fraud Cases in 2019

[Which?](https://www.which.co.uk/) obtained police data regarding cryptocurrency scams in 2019. In the first six months, there were 212 reported cases of fraud where the scammer had used a celebrity endorsement to trick them. Although the celebrity isn't at fault here, their reputation gets tarnished by these people impersonating them.

Always question and be sceptical of people with grandiose claims, as, more often than not, they are trying to gain your trust to pull one over on you. One rule that applies heavily to the crypto markets; if it is sounding too good to be true, it usually is.


Peter Jones, Bitcoin and Dodgy Crypto Scams

Taxes are an important part of realising profit while trading cryptocurrencies and considering your British [Bitcoin](/coins/btc) profit. It is crucial to be on the right side of the law and pay what you owe to the government.

The UK does not have a specific tax for bitcoin or cryptocurrencies; instead, it falls into the categories of Capital Gains Tax and Income Tax. We will explain the main differences between the two to help you understand into which of the two you fall.

Capital Gains Tax is implemented when doing the following with cryptocurrencies; selling crypto, trading crypto, spending crypto, and/or gifting crypto. You don't pay tax on all proceeds, or if one of these actions results in a loss, you only have to pay on crypto gains or, in other words, when you've made a profit.

You don't pay tax if you gift crypto to a spouse or civil partner.

It would be best to consider what tax bracket you fall into when calculating your gains. Unlike other countries, the UK taxes all capital gains and is taxed under the same rates and based on how much you earn annually. 

## The following are from the 2020-2021 tax year:

•	if the amount earned is more than £50,279, you are charged 20%

•	if the amount earned is below £50,270, you pay 10%

It's worth noting that if your crypto gains are less than £12,300 for the year, you do not need to pay any tax.
To calculate Capital Gains Tax, you need to work out your cost basis. To do this, you need to find out the Great British pound (GBP) price at which you bought plus any transaction fees. Once you have this figure, it is pretty straightforward. Capital gain is the difference between the price at which you purchased and the price at which you disposed of the asset. For example, if you buy Bitcoin worth £3,000 at the time of purchase and decide to sell it a month later for £3,300, your capital gain would be £300. It is important to keep track of your losses too, as recording them with [HMRC](https://www.gov.uk/government/organisations/hm-revenue-customs) can offset against your gains, reducing the total amount you owe in taxes.

### The following actions are excluded from paying tax in the UK:

•	buying crypto with GBP

•	holding crypto

•	transferring between wallets

•	donating crypto to charity

Lost crypto is also not considered to be disposed of. For example, if you lose your private key and prove that you cannot regain access, you can submit a negligible value claim. If your application is successful, you may be able to claim that as a capital loss, reducing your taxes.

So, we've discussed Capital Gains Tax, but what is Income Tax? Crypto is taxed as income when a person gets paid in crypto, acquires staking rewards, mines tokens, or receives airdrops. HMRC has yet to decide what decentralized finance (DeFi) protocols are considered income. Examples of unclear but most likely income-taxed protocols include; referral rewards, learn to earn, watch to earn, play to earn, and shop to earn.

### Lastly, let's look at the Income Tax brackets for crypto:

•	up to £12,570 = 0% tax

•	£12,571 - £50,270 = 20%

•	£50,271 - £150,00 = 40%

•	any amount over £150,000 = 45%

Hopefully, this maximizes your British bitcoin profit!


British Bitcoin Profit: Paying Your Taxes

Aside from being a famous chef, the world has heard Gordon Ramsay Bitcoin views in recent years.
There have also been numerous ads claiming he has made vast sums of money from investing in Bitcoin.

Crypto enthusiasts and investors are curious about Gordon Ramsay and questions like; does he own a Bitcoin, has he invested in Bitcoin, and is he a crypto trader?

## Who is Gordon Ramsay?

Gordon Ramsay is a well-known celebrity chef. However, he might have a keen interest in Bitcoin or crypto.
Through his work as a chef, he has a popular restaurant group, founded in 1997. His fame as a chef began in 1999, and today he's known as one of the most influential chefs in the world.

Aside from being a chef, he's a well-known, established businessman who has made many intelligent investments over the years. In addition, he has acted as a brand ambassador for a variety of businesses.

## Does Gordon Ramsay Use Bitcoin?

For him, being one of the few celebrities who discuss crypto publicly, people have asked questions about his involvement in Bitcoin. One is; does Gordon Ramsay use Bitcoin?

Over time, as that particular question gets asked, there has been speculation that he does own Bitcoin. Although this might be entirely true, he hasn't said publicly that he does.

Some publications have even reported that claims that Ramsay is making millions of dollars through Bitcoin are fake. Gordon himself has said that he has never traded Bitcoin or made money from Bitcoin trade or investments.

## Did He Invest In Bitcoin?

Although the celebrated chef has been linked to numerous crypto trading systems, he has never endorsed them. Moreover, there isn't any proof that the businessman has made any crypto investments. 

There have been instances of crypto trading companies using his name and photo to promote their businesses. They even go as far as using his pictures and fake testimonials of him to promote their business. They claimed that the chef had recommended the trading system to investors, enthusiasts, and potential customers.

## Is He Part of the Bitcoin Revolution Platform

It was claimed that he had invested in the Bitcoin Revolution Platform, a platform for trading cryptocurrency. It performs data-driven trades for customers; it's an automated trading platform.

However, the chef and businessman has denied any involvement with the platform. Even after an investigation by various media outlets, there wasn't any proof that he was involved in the investment.

Although Gordon Ramsay has a variety of investments and is a well-known businessperson, there is no evidence he has ever invested in Bitcoin. Although he may be knowledgeable about cryptocurrency, he hasn't made an official statement about his involvement in cryptocurrency, even though he might talk about it from time to time.


The Gordon Ramsay Bitcoin Question

[The Dragons' Den](https://www.bbc.co.uk/programmes/b006vq92) Bitcoin is a scam and they have stolen a lot of money from people. We will look at what Dragon's Den Bitcoin is, how you can spot this scam, and how to prevent yourself from being scammed.

The famous TV show Dragons' Den name has been used to promote illegitimate products on the Internet. Many people have lost money by investing in bogus schemes and products.

Firstly, Dragons' Den Bitcoin is not real. It was created by someone who wanted to make money from people looking for an easy way to invest in [Bitcoin](/coins/btc). It is fake. We will discuss what makes this phony investment so appealing and why people fall for it.

## What is Dragons' Den?

Dragons' Den, produced by the BBC, is a popular UK TV show. It's a reality show where aspiring entrepreneurs pitch their business ideas to experts in the business field and ask for investments. The show is famous worldwide and there are many spin-offs in other countries. The show features a panel of investors known as "dragons" who are willing to invest their own money in business ideas that they like. The Dragons' questions, interrogations, and demands can be intimidating. However, the participants are always up for the task.

## What is the Dragons' Den Bitcoin scam?

The Dragons' Den Bitcoin scam is a fake investment opportunity created to steal your money. It claims, falsely, that it is associated with the popular BBC show. The scam has different versions, but all have one thing in common: they ask you for money in exchange for an investment opportunity that does not exist. The scammers use high-pressure tactics to convince you to invest in their fake Bitcoin trading platform and steal your money. They present you with false claims about what will happen if you do not act on their offer.

Scammers have been luring unwitting investors into trading with their money by exploiting photographs of personalities from the TV show Dragons' Den. Their photographs and comments have enticed users into a get-rich-quick Bitcoin scam on websites and social media.

The Dragons Den Bitcoin scam is an example of how fake sites use the names of well-known public figures, celebrities, and TV shows to promote a get-rich-quick scheme. It’s not a real investment opportunity.

We are seeing a new twist on a classic cryptocurrency fraud, and victims are being duped out by scammers who promise high returns on investments in Bitcoin.

So far, some of the versions of the Dragons Den Bitcoin scam include:

- A fake news report claiming Deborah Meaden, one of the original investors on Dragons' Den, made a £250,000 investment in Bitcoin after seeing how it had been making people huge fortunes.
- A fake interview with Sarah Davies and Jenny Campbell, two new investors on Dragons' Den, claiming they had invested in Bitcoin after they saw how it was helping people make money.
- A fake interview with Peter Jones claiming he was starting a Bitcoin investment program after seeing how it had been making many people rich.

The fraudsters present themselves as legitimate businesses and offer exceptionally high returns on investment. But rather than investing your money, the fraudsters are stealing it. They use fake celebrity endorsements to convince people that the "opportunity" is genuine.

These scammers have no relation to the real Dragons, but hope people will be fooled into sending money for cryptocurrency investments. There are legitimate ways to invest in Bitcoin and other cryptocurrencies, but you must research these thoroughly before investing your money.

## What to look out for:

If you're offered an amazing opportunity to invest in Bitcoin or another cryptocurrency out of the blue, proceed with extreme caution – or avoid it altogether! These fraudsters are highly convincing and manipulative, often using very subtle tactics to lure you in.

The BBC has investigated several Bitcoin trading platforms and found that some are legitimate, but others are not.

It is reported that some people have lost up to £200,000 after being lured into scams by fake social media posts.

The scammers promised high returns for investors.

They'll tell you that Bitcoin is about to explode onto the mainstream market. This isn't true.

## Conclusion

Dragons' Den bitcoin is a scam. It is not legit. It's a fake get-rich-quick scheme that promises investors huge profits within a short period. People should carry out thorough checks before putting any money into schemes, especially those they hear about through unsolicited emails or adverts online.



Dragons’ Den Bitcoin: Legit or a Scam? 

Time to look at a [Bitcoin](/news/category/bitcoin-news) news prediction. Bitcoin's (BTC) price action hasn't been favourable for investors lately as the king coin tumbled below $40k for the first time since January. Although BTC has since recovered to just above $46k, some analysts still believe that the crypto-asset is unlikely to fall further.

Bitcoin hit a high of $42,000 on January 8, but has since struggled to sustain momentum. It has dropped by more than 40% from its all-time high of $58,300.

According to Bitcoin news prediction data from [CoinMarketCap](https://coinmarketcap.com/currencies/bitcoin/), BTC currently trades around $46,200, up by 1.51% in the past 24 hours. BTC is up by 2.8% in the last seven days and down by 11.9% in the past month.

After surging early in the day, bitcoin was largely steady on Sunday evening, while the crypto share price increased 0.9% to $2.2 trillion.
Bitcoin trading volume in the last 24-hour is $27,374,680,521. The market is still trending down with good volume as investors sell off their cryptos in anticipation of further losses.

The Google search trend for the keyword "bitcoin" is lower than yesterday. Perhaps this indicates that fewer people are searching Google for information about bitcoin than they were 24 hours ago.

The social media buzz on forums such as Reddit and Twitter has increased since yesterday. Still, the sentiment remains steady, with some positive and negative posts by different users.

Overall, I think that today's outlook for bitcoin is neutral to slightly bullish. I believe there will be more upside potential as we approach August 1 when the BIP148 user-activated soft fork happens on the Bitcoin network.

## Bitcoin News Prediction and Forecast

Predicting Bitcoin price has always been a hot topic in the cryptocurrency industry. Many people are interested in predicting future bitcoin prices, especially if they consider investing in bitcoin.

Cryptocurrencies will grow and become more valuable, that is not in doubt. However, no one can be sure where Bitcoin will be in the next few years.

Generally, if an asset increases significantly (e.g., by more than $10k), there will be a correction period where it will fall back to its original level. This is not always the case with Bitcoin, as we have seen. Some analysts believe that this correction period may never come for Bitcoin, or at least not for some time.

## Bitcoin on a Roll. What's Next?

In terms of technicals, BTC is currently trading at a critical support level of $46,000. A sell trend confirmation below this level will take the price to even lower levels.

The next 72 hours will be very telling for bitcoin bulls. If there is no reversal from current levels, we may see a retest of the $40,000 level.
However, while the overall outlook for Bitcoin remains bearish, technical indicators show that BTC/USD is unlikely to fall further in the short term. The RSI has been trending above 30 since March 20, which indicates that sellers are no longer in control. This suggests that Bitcoin will most likely consolidate around current levels over the next few days before making another attempt to break resistance at $50k or even $55k.

## Our Verdict

Bitcoin has been swinging in a wide range since January this year. The BTC/USD pair was seen falling from the highs of $64,000 and then $52,000 to the lows of $43,000 and $46,000. It seems that the coin is finding support at the current price level and is unlikely to fall further. The next leg of the journey will be decided by how Bitcoin manages to stay above the current price level.

As per our Bitcoin news prediction, we believe that there is a significant amount of support for BTC at its current levels. Investors are likely to buy Bitcoin during this period because they see it as an excellent buying opportunity.



Bitcoin news prediction: Will BTC Rally? 

Do you choose [Bitcoin](/coins/btc) or [Ethereum](/coins/eth)? Yes, there are thousands of coins and tokens, but these remain the big names.

Disclaimer – This article is not investment advice and should not be taken as recommending a strategy. It is for information only. Before investing your money, ensure you conduct your own extensive research.

Cryptocurrencies are the assets increasing numbers of people are looking to as they seek to diversify their portfolios.

Volatility, and therefore a higher chance of earning huge profits, is one reason.

It has been a bumpy ride for crypto. After taking centre stage in 2016-17, its prominence faded due to acceptance levels and [regulation](/news/tag/regulation) concerns.

More recently, interest has soared with record-breaking values and a market cap in excess of $2 trillion.

The potential profits have driven interest, but other benefits of cryptocurrencies have helped. These include:

- Decentralised Nature
- Fast Transactions
- Secure Transactions
- Transparent System

The upwards trend has led to many investors considering digital assets and beginning to learn about them. Some then face a dilemma; where do they invest?

Due to their market prominence, the main choices are Bitcoin or Ethereum. But which one?

## Bitcoin

Bitcoin (BTC) is often regarded as the first cryptocurrency, coded by anonymous Satoshi Nakamoto. As the first and best know, bitcoin has become synonymous with cryptocurrency. Its name recognition has contributed to stellar values.

At the time of writing, BTC is trading for $20,194 and is responsible for around 40% of the cryptocurrency market. At its peak, it traded at $68,789.63.

Bitcoin’s efficiency is, comparatively, lower than many other well-known cryptocurrencies. The transaction speeds are relatively low, and power consumption is high.

This is because Bitcoin works on the Proof of Work (POW) principle rather than Proof of Stake (POS).

However, BTC fulfils its purpose of being a decentralised currency that can be traded globally with ease and convenience.

## Ethereum

Second on the list of cryptocurrencies [by market cap is Ethereum](https://coinmarketcap.com/currencies/ethereum/). At the time of writing, its price is $1496.70.

Ethereum has a market cap of $365 billion, considerably less than Bitcoin’s $817 billion. This represents around 18% of the cryptocurrency market. Its value has increased from $1,300 to the current price in just a year.

Ethereum is a popular blockchain used for drafting smart contracts to assist in almost any form of transaction. The transactional token that facilitates operations on the Ethereum network is ether.

Like Bitcoin, it works on the less efficient Proof of Work (POW) principle, yet is more efficient and has higher utility when compared to that of the Bitcoin blockchain.

To improve its efficiency, Ethereum plans to launch an update named Ethereum 2.0, which will work on the Proof of Stake (POS) principle. The aim is to make the overall blockchain more efficient.

Due to the Ethereum blockchain’s ability to code smart contracts, its utility value, compared with Bitcoin, is a lot more. Due to this property, it’s easy to develop a Decentralised Application (dApp) on the Ethereum blockchain. In addition, smart contracts are easier to code, which is helpful in developing decentralised finance contracts and assists in NFTs transactions.

The Ethereum blockchain is so versatile that it even helps form new cryptocurrency tokens, altcoins coded on the Ethereum blockchain. They can stand out individually, separate from ether, and have individual use cases like any other cryptocurrency.

## The Future

If we compare ETH and BTC prices for the last year, ETH seems to be the more logical investment as it had a better high to low ratio than BTC.

As the move towards decentralisation continues, the applications of the Ethereum blockchain will increase, making it tough competition for Bitcoin, even when their values are so far apart.

## Disclaimer

This article is not investment advice and should not be taken as a recommended strategy. It is for information only. Before investing your money, ensure you conduct your own extensive research.

You can read more guest articles at [brendanbeeken.com](https://brendanbeeken.com/).


Guide to Ethereum vs Bitcoin

Without question, [Bitcoin (BTC)](/coins/btc) and the Bitcoin network are the best-known names in blockchain and cryptocurrency. 

The individual, or group, behind the invention of Bitcoin, remains pseudonymous, and this has arguably had a massive impact on the community.  Additionally, there is no individual with total power or control over the system. 

 
 

## Cryptography 


A simplistic way to think of Bitcoin is a combination of computing, cryptography, and a system of economic competition designed to ensure following the rules is in everyone’s best interest, without a central authority. The network manages itself, with no single party controlling the system. 
Honest work that supports the network, such as validating transactions, is rewarded, creating a mechanism for new bitcoin to be programmatically introduced into the system in a predictable way, achieving the key quality of scarcity. 
While Bitcoin participants may at times have conflicting interests, they share the goal of seeing Bitcoin succeed. But who controls the Bitcoin ledger, and how does it achieve sound money? 

 

## Design 

 
 

Bitcoin can be explained as a peer-to-peer network of computers all following a set of rules and instructions (the Bitcoin protocol) for validating transactions and issuing new coins. Any computer running any software that respects these rules - Bitcoin Nodes - can participate in the Bitcoin network.  
 

The protocol is like the banking laws of a country, but the Bitcoin protocol is enforced by code, and not by law. 

Bitcoin has a ledger of all the transactions - the blockchain - where transactions are recorded in blocks created at set intervals and connected to the previous block to create a chain. Then there is the mechanism for adding blocks to the chain and reaching an agreement, or consensus, that transactions are valid and the chain accurate – this is mining. 

The ledger and the way transactions are validated are revolutionary.  

We trust banks to maintain the integrity of their ledgers, but cannot verify this for ourselves. On the Bitcoin network, anyone can have a copy of the ledger containing every transaction ever made. This allows everyone to mathematically verify that every transaction in it is legitimate, and transactions that don’t respect the rules are automatically rejected by the software. 

This does lead to questions, however. For example, how do we all agree that the current version is the most up to date one and how can thousands of computers reach consensus without someone in charge? 

 
 

## Mining  

 
 

[Mining](https://www.investopedia.com/terms/b/bitcoin-mining.asp) is about solving a complex mathematical problem, and it is competitive, with the winner being able to add to the chain of transactions and receive a reward. 

Everyone can verify that the solution is right, so if a miner cheats, other participants will simply discard the block.  

In theory, anyone can mine, but the maths problems are so difficult, and the competition so fierce, you’d need a lot of specialised computer equipment. Despite the costs this can involve, it can be very profitable, and the competition ensures no one person has complete control. 

## Supply 

 
As mentioned, mining is also the way new bitcoin (BTC) enters the system. When a miner gets to add a new block of transactions to the blockchain, they receive a reward of new bitcoins. 

The transaction fee is the sum of fees paid for all transactions included in that block, which vary according to demand. This is BTC already in circulation. 

The block rewards, however, are entirely new coins and currently set at 6.25 BTC per block until 2024. This process will continue until all 21 million BTC are released, at which point miners will only receive transaction fees. 

It is this which gives BTC the scarcity its value needs. 

 
 

## Sound Money 

 
 

So, bitcoin achieves reliable digital scarcity with no one in charge. What about the other properties of sound money? 

- **Durability** – As every node has a copy of the ledger, destroying the Bitcoin network would require that all 50,000 nodes be destroyed at the same time, along with all backups. Unlikely. 

- **Divisibility** – The smallest unit of Bitcoin is the satoshi, which is 1/100,000,000 of one coin. That’s far more precise than even the smallest microtransactions would require, although network fees make that level of precision impractical at the moment. 

- **Fungibility** - All Bitcoin have equal value, just like one gram of gold is equal to any other gram of gold. 

- **Portability** – It is entirely digital and incredibly portable, and can be stored on a computer, mobile phone, and on paper. 

 
 

## Limitations 

 
No system is entirely perfect. For the Bitcoin network, the chief limitation focuses on the relationship between security, scalability, and decentralisation.  

- Scalability is the capacity of the system to execute a higher volume of transactions  

- Security is the capacity to protect the ledger from cheating and attacks  

- Decentralisation is what stops any one party from controlling the network 



When you design a network, you have to make trade-offs in this area as you can’t have all three completely. [Fiat currency](link) is scalable and quite secure, but is centralised and controlled by a small group. Meanwhile, Bitcoin is focused on decentralisation and is secure, but at the price of scalability. 

 

At the moment, Bitcoin's maximum transaction speed makes it impractical to scale (compare five transactions per second to the reported 50,000+ leading debit/card handlers deal with). This, to an extent, is why bitcoin is stored for value rather than used as a medium of exchange. 

What is Bitcoin? A Guide

Bitcoin and other popular cryptocurrencies seem to be rallying after a frightful start to the 2022 trading season, but not before we stood in horror watching the digital assets market sink to its lowest levels since last summer earlier this month.  The world’s most popular and heavily capitalised cryptocurrency, [Bitcoin](/coins/btc), sank well below the “psychological” $40,000 _floor_ last week, to an anaemic value of $32,982.  Bitcoin recovered some of its footing this week, reaching a price of $36,000, as aggressive investors began to dip their toes back in the digital waters – that’s progress, but certainly well off the bellwether’s high of $69,000 last November.

2021 was arguably one of the most astonishing years for cryptocurrencies as the market finally broke through a ceiling of sorts and achieved a state of “mainstream adoption”.  Interest in digital assets soared as the first ever Bitcoin exchange-traded fund (ETF) was introduced on the New York Stock Exchange last fall (under the ticker “[BITO](https://www.proshares.com/our-etfs/strategic/bito)”), El-Salvador formally adopted Bitcoin as legal tender, and interest in Non-Fungible Tokens (NFTs) reached a fever pitch after the artist known as Beeple, sold his NFT artwork, called “Everydays: The First 5000 Days,” last Spring for a mind-numbing $69 million.

All this interest and hoopla over cryptocurrencies sent the value of the digital assets market past the $2 trillion mark.

We get it.  After all the euphoria we experienced during cryptocurrency’s 2021 trading season, and the subsequent market crash that has erased the last 6 months of progress, the thought of having to report the profits from those crypto-purchases last year to a governmental authority probably sounds terribly unappealing.  Take heed.  If you’ve experienced any thoughts or are considering concealing profits that you’ve made from any cryptocurrency trades from the tax man, it wouldn’t be a prudent course-of-action. 

Am I being paranoid?  Hardly.  The IRS in America has been perfectly clear in the fact that they are watching cryptocurrency as closely as they ever have.  This will become all too evident when you look at page one of your tax returns this year.  On it, there is likely to be a _yes_ or _no_ option at the top of the first page asking about your ownership of _any_ “virtual currency.”

After the year cryptocurrencies had in 2021, and the 5000% gains experienced by some assets, trust us, the tax professionals are hardly _the least_ informed on what’s happening in the digital assets market.  So, don’t try feigning ignorance.  Claiming that “you didn’t know” isn’t an option for 2021, or beyond.

Being willfully dishonest on a government document can subject you to penalties that include perjury.  That’s a bad way to start 2022.  In the last analysis, any _selling_ and _buying_ of any type of digital assets that took place in 2021 _is expected_ to be reported.  If the extent of your trading was buying and simply holding, you likely won’t owe a thing…yet.

The time to ask questions of your tax professional is before you file, not after.

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