Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. The IRS first sent these out to 10,000 taxpayers in 2019. ... What is the future for bitcoin in 2020? I own a small amount of Bitcoin. In this case, Bitcoin bull Bobby Lee, CEO and founder of Ballet, got into an argument with Bitcoin bear Emin Gün Sirer, CEO of Ava Labs, on CoinTelegraph’s Bitcoin halving party. If you (like many) were hoping to see the price of Bitcoin soar, you were sorely disappointed. Here's what you need to know. Only it touched a nerve for former stockbroker and creator of the Keiser Report, Max Keiser. But he doesn’t see a price jump in the short term. Eventually, the Bitcoin halving started trending. But that this won’t speed up the rush to Bitcoin—since it needs key infrastructure like Bitcoin payment processor OpenNode. That’s absolutely ridiculous.”. Lots more topics to follow now including COVID-19. He is one of the handful of CPAs in the country who is recognized as a real-world operator and a conceptual subject matter expert on cryptocurrency taxation. “That argument is easily debunked. It now has lower inflation than gold. Win up to $1,000,000 in One Spin at CryptoSlots, Bitcoin Forms Pivotal Long-Term Uptrend Signal Last Seen in 2014, MakerDAO Fundamentals Could Boost Maker (MKR) After DeFi Correction, Dwindling Bitcoin Volatility Could Lead To Decisive Move, Bitcoin Is Facing Down a Critical $30m Sell Wall at $11,000, Bitcoin Defies Gravity, But $10,900 Still Presents Strong Resistance, Bitcoin Fractal Predicts a Return to $11,000 Is Imminent, deepTradeBot Shares Their Roadmap for 2020-2021, Security Breeds Prosperity, KuCoin Launched “Safeguard Program”, Blockchain-Based Music Streaming Platform GRAFSOUND Aims to Capture Every Sound in the World. Coinbase users’ focus of attention was mostly on Bitcoin (as opposed to other cryptoassets available on Coinbase), with “over half of both total deposits and trades” being in Bitcoin, but Ether and XRP “saw increased traction too.” We had,” he added. "It feels like New Year," said Paxful's chief compliance officer Lana Schwartzman. Despite the fact that the block reward halving came to pass just hours ago, the cryptocurrency is Shehan is the Head of Tax Strategy at CoinTracker.io (bitcoin & crypto tax software). It isn’t only these technical factors that suggest Bitcoin will rally towards $20,000 this year. All Rights Reserved, This is a BETA experience. I didn’t realize they were going to just print nine trillion worth of dollars to degrade the dollar and make it more interesting to buyers of Bitcoin,” he said. He is one of the handful of CPAs in the country who is recognized as a real-world. https://decrypt.co/28490/the-bitcoin-halving-2020-just-happened-heres-what-you-missed. This drop hasn’t stopped optimistic investors from expecting more upside though, with one analyst noting that Bitcoin could be on track to hit $20,000 as the year comes to an end. Venture capital investor Tim Draper doubled down on his Bitcoin price prediction of $250,000, in the same video. Speaking to CNBC’s “Fast Money” panel in the wake of the halving, Galaxy Digital chief executive officer Mike Novogratz held his bullish tone on the leading cryptocurrency. The Bitcoin halving, one of the most anticipated events in the crypto world, finally happened today at 19:23 UTC by AntPool. Disclaimer: this post is informational only and is not intended as tax advice. Prices are messing pretty hard with everyone right now," said Whit Gibbs, founder of Hashr8, during Bitcoin Magazine's live stream. History repeating would see the crypto market rally by hundreds of percent from here. This website uses cookies. 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