Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Bobcrypto on October 30, 2024, 12:12:30 PM
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
Check here for details: https://cointelegraph.com/news/florida-state-cfo-wants-bitcoin-included-state-pension-funds
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also glomoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
check here for details: https://cointelegraph.com/news/florida-state-cfo-wants-bitcoin-included-state-pension-funds
Most of the countries in this world are fast in terms of adopting new technologies and some are slow with same pace like my country they are now allowing soon to be a pensioner to get pension in BTC. This is a great plan but proper education must be given to these retired too. Without education they will be scammed and lose it all.
Adoption of BTC is very high and good news like this are adding to the value of BTC making it's future more bullish after the election we will see more uptrends and other worlds directly influenced by USA will also accept BTC.
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States like Michigan and Wisconsin have already added crypto to their pension funds, so it would not be a bad idea if Florida's SBA considers Jimmy Patronis' request for them to add BTC to their state pension funds. I am certain it would only be a small % of their portfolio, so the risk will be low and the reward can be good for them.
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This is the CFO right? Jimmy Patronis? Proposing that the pension funds be in Bitcoin. I do hope that there would be an interest and acceptance with this type of asset instead of the traditional assets. Hopefully some people would follow suit about this as well.
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I don't think we can have a reason for going less from the way of how things have started in crypto and where we are currently, just as we couldnt see the adoption and users of crypto decreasing, there's going to be a serious trend whereby everyone will be so intentional about bitcoin and also ask whether they could or not.
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~ I do hope that there would be an interest and acceptance with this type of asset instead of the traditional assets.
While I also support the idea of bitcoin as pension fund option, I don't think it should completely replace traditional financial assets. I believe most people still prefer having different choices (stocks, crypto, or even gold).
In any case, much better than receiving depreciating fiats.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also glomoring for similar Bitcoin pension funds to be added for retirement and expenses.
bitcoin is considered one of the best investments if not the best for retirement many plan on holding their bitcoins only to be sold when they are ready to retire so i think it is incredibly smart for pension funds to have the option to be bitcoin it will definitely make retirees more secured
What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
yes the more countries integrate bitcoin into their financial systems the more countries can study the impact or benefits of bitcoin to a country and therefore will give them more confidence in adopting bitcoin they surely would not want to be left behind if other countries are progressing
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Isn't this the Florida state that got flooded by the recent typhoon?
According to some news they still are in darkness. No electricity in most part.
But it's good to see them adopt BTC. My guess is that more and more state will gradually turn to BTC. This adoption could possibly save the state from financial ruins especially with the bull run that is coming.
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In any case, much better than receiving depreciating fiats.
Surely better, especially after it has depreciated during all the working year's of the individual. BTC is definitely not going to replace traditional assets as pension fund, it is too risky in my opinion, but it should be an option alongside traditional assets and hopefully Florida will implement this.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also glomoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
check here for details: https://cointelegraph.com/news/florida-state-cfo-wants-bitcoin-included-state-pension-funds
We are having this happening already and still still continue to happen because the more we keep seeing the people being interested in bitcoin adoption because they have realized its potentials to ones economy and financial life, so why will the upcoming generation not be able to do the same and adopt for bitcoin after making same discovery about the importance of bitcoin.
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Adoption is guaranteed as we move and from halving to halving, if you checked the news in the community, so much great news are coming, especially in the ongoing presidential campaign in the US, Bitcoin just reached $70k and this is a good sign headed to 2025 there's also a possibility that Bitcoin will reach $100k before the end of the year, so keep updated on the news that comes along.
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State pension funds should really be adding Bitcoin into their roll of assets though, of course, they should have a serious study and analysis on the risks and rewards waiting for them. This can be helping the people who are in the fund as we know that Bitcoin has one of the best potential in terms of ROI and this can also drive more mainstream adoption of Bitcoin coming from institutional platforms. Hopefully, many other USA states would be considering and adopting this idea...as do many other countries as well.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
Adoption was mostly always expected, but first on the road to adoption, the first stage is acceptance. After bitcoin has been accepted, companies and businesses, including individuals, will begin to see it for use, hence the adoption.
The only thing that will affect the adoption of bitcoin based on it's benefits is if another technology or digital innovation overtakes and claims the relevance and attention that bitcoin is getting. That can happen as well.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
Check here for details: https://cointelegraph.com/news/florida-state-cfo-wants-bitcoin-included-state-pension-funds
Yes, definitely we have gaining traction already, Asia to Africa, there are a lot of people who knows about Bitcoin or crypto already. So maybe what 5-10 years we might see the numbers growing year by year.
And for that matter, we might be very happy or fortunate as well that we have been year several years ahead before the whole world knows about Bitcoin and we have benefited and making lots of profits.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
Adoption was mostly always expected, but first on the road to adoption, the first stage is acceptance. After bitcoin has been accepted, companies and businesses, including individuals, will begin to see it for use, hence the adoption.
The only thing that will affect the adoption of bitcoin based on it's benefits is if another technology or digital innovation overtakes and claims the relevance and attention that bitcoin is getting. That can happen as well.
And it means it's a long process, and we can't complain though, I mean what do you expect on a market that is just like 10 years++? So we are still fairly young so we should understand that adoption might take years and years before the majority realizes how crypto will be relevant in our lives. And throughout history, we have seen this human behavior, take for example the Internet itself, in the beginning there are a lot of resistance but later on, it was universally accepted. So we might see the same process for crypto. Count in at least 20 years down the line and we will see how big it is that time.
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Yes, it’s great to see states like Florida considering Bitcoin for their pension funds. This move could greatly enhance Bitcoin's adoption and acceptance, not just in the U.S., but globally. The more institutional interest we see, the more people will recognize the potential of Bitcoin as a viable asset class.
However, it’s crucial that proper education accompanies these initiatives. Many individuals may not fully understand the risks and benefits of investing in Bitcoin, which could lead to losses if they are not informed. Overall, I believe that integrating Bitcoin into traditional financial systems is a positive step towards broader acceptance.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
We're seeing BTC gaining more traction in the economy as a solid investment asset. Governments are now realizing that the risks associated with BTC aren't as big as they thought. In fact, the biggest risk they face is not investing in BTC, especially if BTC becomes incredibly successful and valuable in the future.
Florida pioneering move could soon trigger other US states to follow suit, making BTC a must-have asset for large US funds. This can only happen once we have a US-listed Bitcoin Spot ETF and pension funds are allowed to diversify their portfolios with this asset class. A big shoutout to BlackRock and other ETF issuers for pushing this forward!
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In any case, much better than receiving depreciating fiats.
Surely better, especially after it has depreciated during all the working year's of the individual. BTC is definitely not going to replace traditional assets as pension fund, it is too risky in my opinion, but it should be an option alongside traditional assets and hopefully Florida will implement this.
The major cause for concern isn't just about bitcoin replacing traditional assets, that problem can be solved by providing an option for the pensioners to choose how they wish to be paid, either by fiat, bitcoin or any other means.
The challenge here lies in the ability of these pensioners to be able to secure their bitcoins considering the fact that most of them are retired old men and women who are not technologically inclined. Receiving a depreciating fiat would be much better than receiving bitcoins if at the end these pensioners receive bitcoins and still lose them to scammers.
While pushing for the adoption of bitcoin, proper education should also be given to these old people so they can take care of their bitcoins better.
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It would take some time, yes, but it does look like mass adoption is ineveitable. I just hope it happens sooner rather than later.
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In any case, much better than receiving depreciating fiats.
Surely better, especially after it has depreciated during all the working year's of the individual. BTC is definitely not going to replace traditional assets as pension fund, it is too risky in my opinion, but it should be an option alongside traditional assets and hopefully Florida will implement this.
The major cause for concern isn't just about bitcoin replacing traditional assets, that problem can be solved by providing an option for the pensioners to choose how they wish to be paid, either by fiat, bitcoin or any other means.
The challenge here lies in the ability of these pensioners to be able to secure their bitcoins considering the fact that most of them are retired old men and women who are not technologically inclined. Receiving a depreciating fiat would be much better than receiving bitcoins if at the end these pensioners receive bitcoins and still lose them to scammers.
While pushing for the adoption of bitcoin, proper education should also be given to these old people so they can take care of their bitcoins better.
Adoption of BTC to pension funds seems complementing as this could foster the increase rate of Holders and correspondingly spike it's volatility in price increase.
I'm pretty sure by the end of the US election, most states will adopt to this practice maybe not only on the spot of pension funds but on other economic areas. And no doubt, it will spike other countries in the world to participate.
On the other hand, it will be splendid if these pensioners are given proper education on how to send, receive and place investments with their BTC pension funds to avoid loss. Since they have advanced in age because improper knowledge will lead to loss of assets and consequently lead to high mortality rate of these age grades as a result of heart attack seeing their pension funds drown into a pit.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
Check here for details: https://cointelegraph.com/news/florida-state-cfo-wants-bitcoin-included-state-pension-funds
This is a big win for crypto currency as it moves like this will go a long way to popularize crypto in the heart of many, if this move is considered and implement it will go a long way in sending a strong message to other states in the united state of America who has not yet considered moves like this and even to other part of the world that is yet to embrace crypto currency, it's a right call in the right direction
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
Check here for details: https://cointelegraph.com/news/florida-state-cfo-wants-bitcoin-included-state-pension-funds
If we are going by the way of the bitcoin recent developments in US, there is more for an ever increasing activities, values and adoption of bitcoin in the region and world at large, we may only have to keep up with it from the way of how we have started now to how its going to be from there henceforth, the people cannot resist the use of bitcoin, while the government mentalities are also challenging for good over the positive aspect of the impact of bitcoin adoption.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
It just takes a bold move from one of the worlds country superpower to show interest in bitcoin and then boom we see a lot of things already happening in the space positively for bitcoin. This is just the beginning of bitcoin making a lot of breakthrough achievements after this cycle. Since IS have takes a bold step to increase the use of bitcoin in many of their activities in the government, more countries will follow suit especially those that see the country as their father country and they look to to. Satoshi’s invention will indeed not go in vain and will be embraced by many more people all around the world in the coming years.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
It just takes a bold move from one of the worlds country superpower to show interest in bitcoin and then boom we see a lot of things already happening in the space positively for bitcoin. This is just the beginning of bitcoin making a lot of breakthrough achievements after this cycle. Since IS have takes a bold step to increase the use of bitcoin in many of their activities in the government, more countries will follow suit especially those that see the country as their father country and they look to to. Satoshi’s invention will indeed not go in vain and will be embraced by many more people all around the world in the coming years.
Massive bitcoin adoption across countries is becoming more realistic especially with a world power like the US integrating bitcoin into its financial decisions. Now that Trump is back into the system, we might likely see bitcoin being even more prioritised, with some crypto-friendly policies to enhanced its wide adoption. With time, other countries who see US as their financial model will likely join the trend. Once bitcoin's legitimacy becomes very strong all over the world, I will heave a sigh of relief on behalf of Satoshi ;D, his dreams have finally come true.
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Just like some states in the US had added Bitcoin to their pension funds, the state of Florida are also clamoring for similar Bitcoin pension funds to be added for retirement and expenses. What come to my mind on all this crypto moves in recent times is an increase on Bitcoin adoptions, especially in the US, and can also be going gradually to other part of the world. I think crypto is already gaining massive adoptions.
It just takes a bold move from one of the worlds country superpower to show interest in bitcoin and then boom we see a lot of things already happening in the space positively for bitcoin. This is just the beginning of bitcoin making a lot of breakthrough achievements after this cycle. Since IS have takes a bold step to increase the use of bitcoin in many of their activities in the government, more countries will follow suit especially those that see the country as their father country and they look to to. Satoshi’s invention will indeed not go in vain and will be embraced by many more people all around the world in the coming years.
Massive bitcoin adoption across countries is becoming more realistic especially with a world power like the US integrating bitcoin into its financial decisions. Now that Trump is back into the system, we might likely see bitcoin being even more prioritised, with some crypto-friendly policies to enhanced its wide adoption. With time, other countries who see US as their financial model will likely join the trend. Once bitcoin's legitimacy becomes very strong all over the world, I will heave a sigh of relief on behalf of Satoshi ;D, his dreams have finally come true.
I guess by 2025, we'll experience most countries adopting the Crypto into different sectors in the economy of their nation.
It is said that "It takes somebody that knows the way to show others the way".
I guess Donald Trump has taken a bold step in willing to promote Crypto in the US and when most countries in the world see the benefits and positive changes in the US under his administration... Then they'll see a very big reason to emulate his actions.
And all those government of different nations kicking against Crypto and trying to find a way to restrict citizens in participating in crypto will now be a very big fan and supporter of the crypto world.
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It would take some time, yes, but it does look like mass adoption is ineveitable. I just hope it happens sooner rather than later.
BTC is growing really fast, institutions and countries we never thought would be interested in BTC, wants a part of it today, not to mention individuals who called it a scam and a bubble before, but right now they want a part in that bubble. Mass adoption will happen in the future, but right now the growth is evident.
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It would take some time, yes, but it does look like mass adoption is ineveitable. I just hope it happens sooner rather than later.
BTC is growing really fast, institutions and countries we never thought would be interested in BTC, wants a part of it today, not to mention individuals who called it a scam and a bubble before, but right now they want a part in that bubble. Mass adoption will happen in the future, but right now the growth is evident.
it’s getting more recognition because it’s getting bigger and bigger and everyone wants to be in on it not to mention that the internet has grown exponentially as well making a lot of people exposed to more advanced developments such as cryptocurrency
now of all ages and any genders, everyone knows about bitcoin or cryptocurrencies and that is because of the widespread use of the internet and having more and more people share about their experiences in the crypto space it is only a matter of time before we see the normalization of bitcoin or digital currencies
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How sustainable are stuffs like this, considering BTC is not a stable coin?
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Just from what we are seeing already, bitcoin is going to be a more dominant currency than another in the near future, if the people continue with the way of their adoption over its use and the trust on the network remaining as it has always been, because already, people are getting excited by the way of how bitcoin and cryptocurrencies have been of help to them in their various applicable areas of need in the financial economy.
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How sustainable are stuffs like this, considering BTC is not a stable coin?
good point i am guessing that the employers have a set amount of funds that they need to cover and regardless of the price of bitcoin they would need to cover that same amount either way having the choice for your pension to be paid in fiat or bitcoin is a good thing and allows for more flexibility for those that will receive the pension it is up to them to decide which option suits them the most
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With the way the US is endorsing Bitcoin, so many other countries would follow suit. It is always like, when the US had something endorsed, news of the nations will be popping in, to finally accepting Bitcoin to be legal in their country.
I am certainly waiting for the news from other nations adopting Bitcoin soon since the US president "Trump" has made the news open of how he's going to use Bitcoin as a US reserve. The other nations president we find the need to do the same in the near future, which will eventually skyrocket the Bitcoin price more.
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That's the good thing about all the recent developments, increased adoption. Like you said, once it's become widely accepted in the US, a lot more countries would like to follow suit.
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I think crypto is already gaining massive adoptions.
Check here for details: https://cointelegraph.com/news/florida-state-cfo-wants-bitcoin-included-state-pension-funds
Year after year, adoption is increasing, and I don't see this going the opposite for years or even decades.
The biggest adoption currently is when the institutions joining in, buying some Bitcoin and some even created ETFs of their own which is kind of good... or is it? Whatever the case is, the trend of adoption right now is going up, and it will stay that way. Despite of the bear market that we might face soon, more and more companies, establishments and people will try to accept Bitcoin.
The total market cap of Bitcoin can't be comparable to Gold, but on par with Silver which has been existing for a long time. It's only a matter of time until some will adopt Bitcoin for many reasons.
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That's the good thing about all the recent developments, increased adoption. Like you said, once it's become widely accepted in the US, a lot more countries would like to follow suit.
The United States is the standard; what they adopt, their allies will follow, Whatever the fad in the US, their allies will take notice, Bitcoin is legal in our country but its not getting the attention it deserve, I'm sure with the US openly embracing Bitcoin, our politicians and legislators will notice it and will follow whatever the Trump decision will do about Cryptocurrency.
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The United States is the standard; what they adopt, their allies will follow, Whatever the fad in the US, their allies will take notice,
it’s not just their allies that will take notice but also their enemies usa is a very powerful and influential nation that the entire world will always check on what they are doing they have been able to become the successful country that they are now due to the actions done to their country so it only makes sense if others follows as well