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Institutions Are Purchasing Bitcoin, Politicians Need More Crypto Education: Novogratz

According to Galaxy Digital CEO Michael Novogratz, crypto such as Bitcoin has recovered because institutions are purchasing.

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According to Galaxy Digital CEO Michael Novogratz, crypto such as Bitcoin has recovered because institutions are showing great interest in them. 

In response to U.S. Senator Elizabeth Warren’s anti-crypto position, he remarked, “We need to do a lot better job traveling to D.C. to educate politicians.”

Novogratz Says Institutions Are Purchasing Bitcoin

The CEO of Galaxy Digital, Mike Novogratz, stated his viewpoint on bitcoin in a CNBC interview on Wednesday. 

He was asked about the recent Bitcoin price activity and what seems to be pushing the cryptocurrency’s price back to the $40,000 mark. The pro-bitcoin executive responded, saying:

“Because institutions are purchasing, cryptocurrency has recovered.”

As an example, he mentioned the FTX exchange. The exchange just secured $900 million in funding from more than 60 investors, valuing the firm at $18 billion. 

Softbank Group Corp., Sequoia Capital, private equity behemoth Thoma Bravo, Daniel Loeb’s Third Point, the Paul Tudor Jones family, and British hedge fund manager Alan Howard were among the investors.

He rejected the notion that the price increase was caused by reports that Amazon may accept bitcoin payments.

He emphasized that institutions are some of the world’s best investors, and they are investing in the crypto sector, saying:

“That signaled to the whole crypto market that this isn’t going away.”

“This was partially a massive short-covering rally, but it was also an awareness that this is a legitimate market that isn’t going away,” said Galaxy Digital CEO.

Novogratz Thinks Politicians Need More Crypto Education

Mike Novogratz was also questioned about the cryptocurrency regulation. Also, what it might look like in the United States, particularly in light of Senator Elizabeth Warren’s warnings.

Moreover, Warren’s caution about the volatility of Bitcoin’s price puts ordinary investors and companies who take Bitcoin at risk. Furthermore, she said that those who utilize Bitcoin as a form of payment are criminals.

In response to Senator Warren’s statements on cryptocurrency, Galaxy Digital CEO Novogratz said:

“It was a letdown. She was arrogant. She was smug. She was quite dissatisfied since she had not completed any job. This is cutting-edge technology. She’s supposed to be a liberal.”

“Crypto is on the hunt for rent takers. Consider DeFi [decentralized finance]. Consider the NFT [non-fungible token] revolution. It will give artists and creators more control over the individuals who used to make money off their backs. So, extremely upsetting and disappointing,” he added.

It just informs us… We need to do a lot better job of traveling to Washington, D.C. and educating [politicians].

On Tuesday, Novogratz Replies to Warren’s Anti-Cryptocurrency Position On Twitter

“Banks charged $12 billion in overdraft fees, tens of millions in ATM fees, and tens of millions in checking account costs. 

However, you continue to pursue crypto, where saving and money transfer are a fraction of what banks provide. Senator Warren, you did an excellent job. “You don’t appear to be very progressive to me,” Novogratz tweeted, adding:

We would not have had the mortgage crisis if banks had the openness of DeFi processes. DeFi will prevail because it is superior.

“Atomic settling. Bearer assets are assets that are held by the bearer. Composability. Transparency. All that remains is to prepare for the impending KYC. “We must educate our politicians,” he said.

READ  Hedge Funds Expect to Hold $312B in Digital Currencies by 2026: Survey

#Anti-cryptocurrency stance #Bitcoin #Cryptocurrency Regulation #DeFi #Elizabeth Warren #Galaxy Digital Mike Novogratz

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Source: https://www.cryptoknowmics.com/news/institutions-are-purchasing-bitcoin-politicians-need-more-crypto-education-novogratz

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Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

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According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


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The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

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Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

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Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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AI

Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

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Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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Cathie Wood’s Ark Invest Buys $89M Worth of TWTR After the Bitcoin Tips Integration

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/cathie-woods-ark-invest-buys-89m-worth-of-twtr-after-the-bitcoin-tips-integration-13/?utm_source=rss&utm_medium=rss&utm_campaign=cathie-woods-ark-invest-buys-89m-worth-of-twtr-after-the-bitcoin-tips-integration-13

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