Laser eyes on the future: Bitcoin $100,000 USD/ $142,400 CAD
One hundred thousand United States Dollars. It’s a nice round number. The first to be six figures. And seeing it follow the word “Bitcoin” is a historical moment worth celebrating.
The importance of BTC $100,000 usd is largely symbolic. It’s small compared to the up-to-infinite price levels that succeed it. While $100,000 usd is a significant milestone worth pausing to recognize, it is also merely a checkpoint on Bitcoin’s much longer, much larger journey ahead.
Let’s take a moment to remember the early moments of this journey. The year Kraken was founded (2011), Bitcoin’s Dec. 31 closing price was $4.25. From that level, the value of just one of the 21 million bitcoins that will ever exist is now up over 2.3 million percent at BTC $100,000 usd.
BTC $100,000 usd has long been viewed as the next/seemingly “final” frontier for Bitcoin’s price. Laser eyes and dank memes, as well as innovative products and user experiences, have accelerated us to this point.
Through years of speculation around “the world to be when Bitcoin reaches $100,000 usd,” a common sentiment held that the $100,000 usd price level would somehow confer the legitimacy of “a peer-to-peer electronic cash system.” It would show the value of a tamper-resistant and immutable way of recording information. It would prove that decentralization had a place in modern society.
But, now that we are here, those goals may seem as if they still have more to deliver. It feels like this is still only the beginning. We’ve reached a pricing milestone, but when it comes to fulfilling Satoshi’s original vision for Bitcoin – its widespread use as a borderless, worldwide peer-to-peer electronic cash system – Bitcoin is still in its relative infancy.
Over the short term, it’s anyone’s guess whether the price of Bitcoin will continue its sprint higher or pull back from its recent run. What is clear is that the $100,000 usd milestone demonstrates ongoing demand for a reliable, transparent and peer-to-peer way to transact.
BTC $100,000 usd represents a monumental milestone in Kraken’s mission to accelerate the adoption of cryptocurrency, so that everyone can achieve financial freedom and inclusion. We’d like to congratulate those who have built in the space alongside us and played a role in realizing this achievement.
We’d also like to congratulate our clients as they celebrate this watershed moment, while making a commitment to serve them through the next chapters of Bitcoin’s history.
Join us as we reflect on the journey that got us here and commemorate this remarkable day – while we reaffirm our commitment to a future of financial freedom.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy.
God-like powers? The United States Federal Reserve essentially drives the entire world economy.
Money runs the world’s economy. It determines who rules nations, and it rules lives.
These are the three most significant properties attributed to the power of money, in addition to its basic function as a medium of exchange. But we can attribute several less significant properties, although similarly important, to the power of money. They include:
1. Money separates people of the same nation into classes, divisions and groups.
2. The pursuit of money and wealth can turn man against man, son against father, family against family and nation against nation.
3. Money’s devaluation of natural values makes Nature the object of buying and selling.
4. The ability of man to perform labor by placing a price on his head allows one man, or group of men, to enslave another individual or group of individuals.
5. The ability of money to corrupt tends to change man’s personality from social being to self-oriented individual.
6. The power of money drives people to produce services in order to pursue everyday life. This inflicts stress upon people, leading to a spiritual breakdown manifested in acts of crime and mental illnesses.
Amazingly enough, not many people in modern society are aware of the source of the power or money, including businessmen such as bankers, money market brokers and financiers, who consider themselves money experts.
Perhaps one of the reasons the origin of money’s power is one of the least discussed subjects among academics is the non-existence of prehistoric written records. The second reason is historians’ failure to unveil when and how currency converted from an ordinary medium of exchange into the dominant value of society by expanding its usage to include rendered labor compensation. Also, when and what societal changes elevated the abstract value of currency into an absolute ruling power over humans, including all natural values and treasuries of the Earth.
The blank page left by the theory of early civilization about the invention and rise of money invited independent thinkers to develop their own theories.
The records indicate that this enigma is hidden in the formation of the first state and government. Reforms enacted almost 4,000 years ago led to the breakup of the original communion society, creating conditions that enabled different classes of people to pursue independent ways of life.
Regulating all natural values and treasuries, including human labor, through money, one individual was able to declare himself the king, and establish absolute ruling power over society by entrapping people within guarded wall.
This historic event advanced the abstract value of money from the ordinary medium of exchange to an absolute ruling power unparalleled in the real world. Some ancient spiritual leaders expressed a serious concern about the prudence of the proposed reforms. They warned that the enactment of these reforms would void the God-given dominant role of natural values within society at the expense of the abstract value of money. This would subsequently interrupt the relationship between man and nature, and change the original role of man upon the Earth from the guardian of nature to the biggest annihilator of nature.
But the followers of the philosophical doctrine of man’s uniqueness compared to other species dismissed such warnings. Promoting man’s spiritual virtue of freedom to make his own norms and laws instead of following the law of nature, they were delighted by the proposed reforms.
Ever since, the corruption, exploitation of one man over another and class warfare became the norms of the New World Order leadership.
The comparatively recent freedom movements that led to the French and Bolshevik revolutions failed to liberate people from the chains of money’s absolute power. Despite that, the idea of freedom lives on in people’s minds, inspiring liberators to wonder why the formation of a communist state failed to succeed.
The liberators failed to realize that the institution of state and government is the foundation that, by providing the conditions for money currency to function, imposes absolute ruling power over society. This means that the institution of state and government is not a suitable foundation for the establishment of a free, classless society.
Is the only way to liberate society from the absolute power of money a return to the system of farming communities and declaring abolition of money currency, which would ultimately lead to dismantling the institutions of state and government?
However, taking into account that man is biologically a mortal relative entity incapable of resisting temptation offered by the absolute power of money, the prospect for the abolition of money is not practically realistic. For the Silo, Michael Vladimirovich Trisho.
Featured image: imagesci.com
Michael Vladimirovich Trisho is the author of “How Did Humanity Become Enslaved to Money?” Born in Panchevo, currently part of Serbia, Trisho’s tendency to inquire about the mysteries of the world using reason and logic were evident at an early age. All his life, he wondered how humankind became entrapped by money and why people believe a money-based society is best. After immigrating to the United States, he continued to examine early history in search of answers about the monetary system and its relation to the institution of state. Examining archeological fossils and excavations focused only on a narrow part of early human experience and did not reveal important events that played a critical role in society’s development. Michael created his own reconstruction of events, the product of which is his debut novel.
Toronto, ON — White Shark Fintech, Inc. (the “Company”) a revolutionary free artificial intelligence based trading platform that flourishes in volatility and allows its users to better control their assets, including crypto-currencies, launched recently across Canada. A popular tool among young traders looking for simple ways to buy and sell crypto-currencies, the app has created a waiting list to manage user demand.
The free-to-use app takes speculation out of trading by employing high performance algorithms that signal a user when markets for particular securities, including cryptos, are likely “over bought” or “over sold”. With White Shark users no longer have to guess or rely on self proclaimed experts about the price at which they buy or sell cryptos and other securities.
“Fintech companies, like White Shark, that engage millennials have earned multi billion dollar valuations. With the growing hunt for millennial assets and engagement with other apps, we decided to make the White Shark experience fun, empowering and engaging – regardless of where they hold their assets.” said founder and chairman Marc Wade, “White Shark is truly a user experience company engaging millennials in the capital markets when and where they want.”
“White Shark is a game changer.” White Shark app enthusiast Ryan Kesler of the Anaheim Ducks explains. “It’s so easy and fun to use. Buying and selling crypto has become part of my daily routine. There’s no guess work in making money – the accuracy of the algo trading is the only way to go.”
White Shark’s machine learning algorithms compile market data trends and price book movements into 4 gauges that work together to signal market movements. The app provides the user the ability to respond to changes in market conditions before other traditional indicators.
Now users no longer have to trade blind. Gdax (Coinbase), with over 11.9 million users, is one of the exchanges that can be connected to White Shark.
“So called “experts” have been making speculative and incorrect calls on bitcoin and other cryptos for too long.” Said CEO Stuart Shanus
“Our free trading app isn’t based on speculation. It’s based on mathematical models and machine learning algorithms – and it should be the go-to app for investors whether they are buying and selling crypto-currencies, fiat currencies or equities.”
Investors using the White Shark app connect their preferred broker account including tCoinbase (gdax) , Kraken, Bitfinex, Poloniex and Hitbtc. For the Silo, Amy Saunders.
About White Shark
White Shark is a revolutionary free artificial intelligence based trading app that pairs investors with real time artificial intelligence (AI) to increase returns and mitigate risks. White Shark’s high performance algorithms have been used for 17 years by professional traders who have achieved exceptional returns.