End of the stock in Argentina and where is the price of Bitcoin?


  • Bitcoin managed to briefly achieve the USD 86,000.

  • Despite the correction, it is still in the top 10 of the most valuable assets in the world.

We began the weekly tour in images through Argentina, which this week was news because Javier Milei finally eliminated the exchange rate that limited the amount of dollars that citizens could buy through banks.

The release of the dollar caused asset contributions such as USDT to fall into the P2P (Peer-To-Peer) markets, such as Binance, from the 1,350 to the 1,250. While the measure seems to have only advantages, some question the controls that the Government can now apply to those who buy currencies through the banking system.

Image of the Trojan horse about the end of the exchange rate in Argentina and the little privacy.
Monetary privacy could be seen for those who only acquire currencies through banks.

While access to currencies is a universal right – and Bitcoin represents the maximum expression of this right, since it only requires internet connection to be used – for personalities such as Max Keiser, the bank monetary system is collapsing, and Bitcoin is the answer.

While access to currencies is a universal right - and Bitcoin represents the maximum expression of this right, since it only requires internet connection to be used - for personalities such as Max Keiser, the bank monetary system is collapsing, and Bitcoin is the answer.
For Keiser, everything tends to zero against Bitcoin.

Where does the price of Bitcoin go?

This week another issue in a trend was the price of Bitcoin after touching the USD 86,000, which gave traders a slight respite.

Meme dog with lenses and text: I recovered my shine *bitcoin touches the 86 *.
The 86K are becoming the resistance to win.

However, the 90K goal still seems very distant.

Netflix Pablo Escobar series clips with the text: all waiting for BTC to return to the 90K.
The 90k now seem a very distant goal.

Although for others the goal of the USD 200,000 still seems a reality.

MANUEL BEAUDROIT: Bitcoin can still reach USD 200,000 in this cycle (...) There are governments evaluating Bitcoin and very large financial institutions investing in cryptoactive (...) That is a kind of culture broth that will explode at some point.
State and institutional investment is a breeding ground for the price of Bitcoin according to the CEO of Belo.

On the other hand, the price drop not only affects traders and investors but also miners, who are closing their operations.

Will Baxter quotes: Medium mining companies are slowly closing their operations. The relationship between current costs and energy and hash's price economy simply does not work.
Production costs are affecting median mining companies.

However, despite the fall, Bitcoin remains within the top 10 of more valuable assets on the planet.

Most valuable asset infographics on the planet.
After the Bitcoin price drop fell 9th ​​place behind Vanguard ETF.

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