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Europeans Love Crypto, 49% believe in Bitcoin!

James Dendson

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bitcoin europe survey love crypto

Tokyo based Crypto exchange bitFlyer, which has been licensed to operate in the EU since 2018, reports that 10,000 respondents in Europe to find out their thoughts about digital monies such as BTC.

The survey covered Belgium,  UK,  Denmark, France, Germany, Italy, Netherlands, Spain, Norway, and Poland.

 

About 63% of Europeans are confident that digital money (Crypto) will still exist in 10 years.

Norwegian respondents specifically turned out to be less pessimistic about the future of Crypto, while the others have their doubts are not certain it will exist in 10years. French respondents happened to be the least optimistic about the future of crypto.

Very few Europeans expressed the belief that BTC will be an investment and a tool of security in 10years.

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Bitcoin Price

Turkey’s Demand for Crypto

James Dendson

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Hurriyetdailynews, Dreamstime and Bankster.

 

“Turkey is, without doubt, the only country that boasts of a huge percentage of independent crypto ownership in Europe and the Middle East, it has one of the most robust and promising crypto communities anywhere in the entire world

 

stated Andy Cheng, Head of Operations at the global crypto exchange, OKEx. He, however, stated that over 30,000 Turkish users have signed up for the bitcoin platform since its expansion to Turkey in March.
Turkey’s growth as a top bitcoin market is fully backed by other data as well.
According to BtcTurk CEO Ozgur Guneri, he said that inflation is slowly, yet consistently driving Turkish demand for bitcoin.

He further added that his crypto exchange has also had more than 30,000 New users so far in 2019.
These sign-ups are the reasons for the relatively high crypto adoption rates in Turkey.
A survey carried out in April 2018 by the media unit of ING Bank, it found that Turkey already had the highest percentage of bitcoin holders in all of Europe with about 18% Turkish respondents saying they own cryptocurrencies.

 


Guneri stated:” we have never seen a declining number of users, just the pace of growth might go down a little bit. Even on a bloody day, we’re still signing up new users”, he further added that BtcTurk’s retail arm has already seen several days in April with 14 million dollars worth of volume.

Meanwhile, Istanbul based exchange launched its services for foreign investors for the first time in Istanbul month, BtcTurk Pro, it was launched in order to capitalize on Crypto -to-fiat arbitrage opportunities.

 


Guneri said while the Turkish lira is fluctuating coupled with the high price of bitcoin, he explains that the market is illiquid enough that there are some inadequacies that one can benefit from.
He stated that some users can increase during periods of the Turkish lira.

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Bitcoin Price

Tom Lee talks about new “high records” of Bitcoin for 2020

James Dendson

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The known bull from Wall Street affirmed Bitcoin will surpass its top value for next year during an interview with CNBC.

Tom Lee was very clear with his statements, ensuring that the Bitcoin has not yet reached its maximum potential and that there is still much to see of this cryptocurrency. The founder of Fundstrat Global Advisors relied on 11 signals that according to him point to a value never before reached by the BTC. It should be noted that Lee had forecast the beginning of a bullish period earlier this month, just before the price rose 20% in value.

According to Lee, Blockchain, technical indicators and trading volumes will return some volatility to the cryptocurrencies, allowing them to reach higher points than those seen during the last 5 months. Earlier this year, Tom Lee’s team noticed a change in the volume of operations, which would bring very positive reactions within the behavior of the crypto market and also, the BTC ended April over what had been its regular price.

Lee said:

“I think they’re seeing signs that the fundamentals are improving, the technical is improving, and now there’s real activity, essentially, cryptocurrency hodlers. […] Then, I think […] a movement of 2.5 deviation standard for bitcoin would take it to USD 14,000, I’m not saying it’s where it’s going to go, but that’s the magnitude of the move that would be an update. “

The importance in the volume of operations lies in its relationship with over-the-counter brokers, which are fundamental for the cryptocurrency negotiations by institutional investors, in addition to the increase in the number of clients of 10%, Tom Lee explained in a very enthusiastic way.

A couple months ago Fundstrat announced improvements that would support a rise in cryptocurrencies and clarified that this spontaneous interest in them could be due to the decision made by Binance to support credit card purchases. In Definitive, Lee believes that the Bitcoin bear market came to an end reaching $ 3,000.

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Bitcoin Price

G-20 & IMF Discuss Global Standards of Crypto Regulation

James Dendson

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Image credit PASAI ,FMsystems,CCN.com.

24 countries and the IMF have discussed the global standards of crypto regulation.

In a meeting held in New York, the Chairman of South Korea’s top financial regulator Choi Jong-Ku, stated that “it is important to consistently implement international standards”.

The meeting which took place at the Federal Reserve Bank of New York had The Financial Stability Board (FSB) plenary in attendance, they discussed the vulnerabilities in the global financial system and the reports to be delivered in the upcoming G20 meetings about to happen in Japan.
The FSB is an international body that monitors and makes recommendations about the global financial systems. Its members include Australia, Brazil, Canada, China,France,Germany,India,Indoesia,Italy,Japan,South Korea, Mexico, Russia, Singapore,Spain, Switzerland,Turkey,United Kingdom, United States of America, The EU, The Bank of International Settlements(BIS), The IMF and The World Bank

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