US Senator: Bitcoin Will Be The World’s Reserve Currency
After the recent approval of the Bitcoin ETF by the SEC, more eyes are on the cryptocurrency now. US Senator Rand Paul cited that Bitcoin’s finite nature would be a great advantage against the unlimited nature of fiat currency. He also predicted that this asset could become the world’s reserve currency.
Early in 2016, his electoral campaign began accepting donations in BTC, turning him into the very first few government officials to declare support for this kind of asset.
El Salvador Now Owns 1120 BTC
In the past few days, the price of Bitcoin dropped from $67,000 to around $60,000. However, some celebrities and dignitaries have made profits from it. Nayib Bukele, the president of El Salvador, announced that his government has taken advantage of the recent decline of Bitcoin prices.
By adding 420 more Bitcoin in the fresh purchase, El Salvador owns a total of 1120 BTC now. As of press time, it’s worth about 67.2 million USD.
More Bitcoin ETF is coming
Following the ProShares Bitcoin Strategy Fund (BITO) began trading at the NYSE last week, Volt Equity became the latest company to debut such a product on the exchange. Oct 28, Crypto Industry Revolution and Tech ETF (BTCR) is available for trading at $21 on NYSE Arca. The ETF tracks not only crypto exchanges but also Bitcoin mining companies like Cannan, Bitfarms, and Riot Blockchain.
Make Profits in The Swing Bitcoin Market
No doubt that the Bitcoin market will be more volatile in the next few weeks. But not everyone has enough capital like El Salvador. How can an ordinary trader make profits with limited funds to invest? Perhaps you should try 100x leverage provided by Bexplus.
How 100x Leverage Works
Traders can apply 100x leverage on the Bexplus exchange platform. With only 1% margin funds required, traders can maximize their gain by opening a position for long or short.
Here is an example: a trader buys 10 BTC short at the highest price of $67,000 with Bexplus 100x leverage. Then, the price drops to $60,000. Now the trader will gain a profit of ($67,000 – $60,000) * 10 BTC / $60,000 = 1.1516 BTC (service fee included). Since the margin needed to prepare is only 0.1 BTC, which makes 1151.6% ROI in total. That’s how traders can still make profits while the Bitcoin price drops.
More Detail about Bexplus
Bexplus is a leading crypto derivatives trading platform offering 100x leverage futures trading. It supports multiple trading pairs including BTC, ETH, DOGE, XRP, ADA, etc. Established in late 2017, Bexplus aims to provide safe and professional services for traders all over the world. Registered in Saint Vincent and the Grenadines, headquartered in Hong Kong, Bexplus has branches in Singapore, Japan, the US, and Brazil and is accredited by MSB (Money Services Business).
All users will get a 1:1 deposit bonus of up to 10 BTC now. The bonus funds can’t be withdrawn, but traders can open a larger position with them. What’s more, the profit it yields is withdrawable.Read more.
If you are a beginner who doesn’t know too much about trading cryptocurrency with leverage, you may try the Bexplus trading simulation system. Amateurs can learn the basics about how to trade, while the experts can apply their portfolios without losing actual money.
For conservative investors who don’t like to trade in a volatile period, Bexplus provides the BTC wallet project. Users can get up to 21% annual interest by depositing their crypto to Bexplus wallet.
24/7 Customer Service and Fast Withdrawal
If you encounter any issues while using Bexplus, you can get online customer service 24/7. And traders can submit a withdrawal request as they want. The withdrawal process will be done in hours during working hours.
NO KYC Policy
Last but not least, Bexplus follows NO KYC principle and will never collect users’ private information. Traders can register a Bexplus account with an Email address only. Investors from Russia, Japan, the United States, and Vietnam can also make trades on the Bexplus platform.
Bexplus empowers investors to win profits on both bullish or bearish markets with its 100x leverage tool. For more detail, check the links and social media below: