Rafael Oliveira Bitcoin

  Brazil’s Acceptance and Legalization Rafael Oliveira said that brazil has taken another step toward the acceptance and legalization of  cryptocurrencies  as financial vehicles. Following the approval of a new set of regulations by the Brazilian Securities Commission, established funds are now permitted to invest in cryptocurrencies, creating a new market for these organizations. The regulations, which were adopted after President Jair Bolsonaro approved a cryptocurrency bill last week, govern cryptocurrency investments in a way that will allow these businesses to benefit from the same protections offered for conventional financial assets like stocks and bonds. The agreed framework expressly states that cryptocurrency operations must be carried out on Brazilian Central Bank or CVM-licensed exchanges. These must be domestic investments if they are made overseas. These entities “will have the legal capacity to supervise and inspect the operations carried out, including concerning restr

Down more than 65% in 2022,  Bitcoin  has become an increasingly polarizing cryptocurrency. On one hand, the Bitcoin bears predict that Bitcoin could fall as much as 50% in 2023 before a market bottom is reached. On the other, the Bitcoin bulls think we’ve already hit a market bottom and Bitcoin could actually double in price in 2023. Right now, I’m on the side of the Bitcoin bulls. Bitcoin simply has the best risk-reward profile of the major cryptocurrencies. Here’s a closer look at my reasoning.