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The year 2021 has to be the most bullish year history has ever seen in the crypto markets. Who would have guessed this about bitcoin that initiated as an experiment one decade ago? Eventually pioneering a global revolution in
financial markets. Let’s unravel the mystery beyond cryptos evolve. Also, how they changed the financial markets. Our interesting insights will let you know more about the evolution of cryptocurrencies.
Introduction of Cryptocurrency and Bitcoin
The first crypto-currency invented under the pseudonym of Satoshi Nakamoto came in 2009. Bitcoin came in as an Electronic peer-to-peer cash system. It used cryptography to manage creation and allotment which also evolved as Blockchain. 2010 was when the currency earned some value-priced at $0.00001 per bitcoin in a notorious event. Bitcoin protocol followed several hard-forks to upgrade minor flaws in the system.
In 2013, many organizations started accepting BTC. This kept increasing year after year. After which the revolution of bitcoin mining initiated the growth at a faster pace. Bitcoin remained bullish up-until 2017 when Bitcoin marked its ATH of $19,500. Along with 1500+ alternate coins hovering around it. Soon after this, the crash happened and the rest is history.
Evolution of Cryptocurrencies
Every emerging market has its ups & downs, cryptocurrencies are no exception. There were a lot of regulatory bodies that were against its evolution. But, the power of acceptance and popularity shattered all shackles. And emerged as one of the leading financial markets of all time.
The factors that helped Cryptocurrencies evolve:
· Acceptance from Users:
If people were not ready to accept change. The survival of bitcoin would have been questionable. Many renowned entities accepted the change as bitcoin. This eventually created a value for this experimental currency which kept increasing.
· Decentralized Nature:
People knew banks and other financial organizations were not trustworthy. They were aware that the money they saved was filling the pockets of others. But as bitcoins are a decentralized currency. Therefore, people knew no-one will benefit from them. This made BTC more likable for people. As they started to realize the importance of decentralization.
· Vast Popularity:
Any commodity that promises return like such will eventually earn popularity. There were people praising bitcoin everywhere because they were generating huge profits. Therefore, bitcoins popularity rose.
· The depreciating value of fiat currencies:
Most of the countries are printing a large quantity of hard-cash, especially the US. As a result, the monetary
value will decrease and inflation shall increase. The makers of bitcoin predicted the depreciation of the value of real money. Many people realized this ideology after years and started investing in crypto.
· Need for a new financial system:
As most of the government regulates cash flow and how fiat currencies operate. Many people are unhappy with the current financial operations. But with the invention of the peer-to-peer cash system. The involvement of a 3rd party became baseless as it also provided the payer with anonymity. Therefore, cryptocurrencies evolved. This resulted in cryptocurrencies evolving as the new financial body. Managed by nodes and automation.
When most of us are watching bitcoin cross the $50,000 thinking whether to invest in it or not. MicroStrategy in its recent filling announced that it will start buying more bitcoins. It is entirely unfazed by the volatility of a crypto market. MicroStrategy is looking to sell its convertible bonds
worth $ 600 Million. Which it will use to increase its bitcoin holdings in the coming days. Around last summer MicroStrategy actively bought its first stash of bitcoin. The company invested somewhere around $ 1.15 Billion in BTC which has come a long way. With this corporate strategy, they are looking to buy their second stash of bitcoin very soon.
But that’s not all there is to know, after their successful bet on bitcoin paid off this changed drastically. Now, MicroStrategy has earned a name for its bitcoin investments. Are you investing in MicroStrategy just to be safe from extra volatility? Then you’re paying a hefty premium.
About MicroStrategy
The company started in 1989 by Sanju Bansal & Michael J. Saylor. It is also the very first corporate buyer who dared to purchase bitcoin directly at that time. This was the idea of its CEO Michael Saylor. As he was actively analyzing the value of USD diminishing by large margins. MicroStrategy currently holds around 70,500+ bitcoins. This is after its first purchase in August 2020. This holding is worth around $ 3.5 billion as of 17th Feb 2021.
The CEO’s bet on bitcoin has paid off pretty well and paved a name for him across the globe. Bitcoin has appreciated around 315 % since its purchase in August. This directly tripled their investments to $3 Billion.
That’s not all, what if I tell you MicroStrategy has outgrown bitcoin itself? Well, you certainly won’t believe me, but that is 100% true. The company bought BTC at around $16,035 with an investment of around $1 Billion and the rest is history. Although bitcoin grew by 300%, MicroStrategy’s shares have soared by around 700% since then. This also increased the total valuation of MicroStrategy. Now it’s valued at $ 10 Billion, from $ 2 Billion in August.
Why are people paying a Premium by investing in MicroStrategy?
To understand this, you will have to be in a hypothetical situation. Say at the price of $ 50,000 MicroStrategy can purchase around 12,000 coins with its $ 600 Million. Now take the shares the company
already owns which is around 71,000 and add 12,000 more to it. MicroStrategy has around 83,000 BTC in total. The shares outstanding are 7.6 Million meaning each share will get around 0.011 bitcoin.
The share price of MS was $135 in August that soared to $955 as of today. So, if an investor is looking to invest in MicroStrategy today only for its fair share in Bitcoin. He will be paying around $86,818 for each bitcoin he will own in proportionate to his shares. This is at almost 55% premium than the market rate.
However, things are not that bad. MicroStrategy has been outperforming bitcoin since August. This explains why everybody is after it.
This pandemic has lead to the devastation of many well-known businesses. But it has also given equal opportunities. Many new businesses were innovative enough to take advantage of this. One such website is the event planner SiGMA. SiGMA.world was just a small website representing the foundation’s
work in places like Malta. But if you look at its homepage today it has much relevant news related to gaming.
Their website used to be a showcasing album for their shows under SiGMA Europe, SiGMA Africa, SiGMA Asia, & SiGMA America. But now it has evolved as one of the leaders in recording news and events related to gaming. It has also started a new division under the name of AIBC. They cover all the general news related to the social and financial world.
About SiGMA Foundation?
Founded by Keith Marshall SiGMA foundation is the sub-division of SiGMA Group. It focuses mainly on doing philanthropic works. Also, it is the backbone of all the ventures run under the name of SiGMA. It also controls many other websites like AIBC. The company aims to spread awareness. Charity, fund-raising, education, and crucial skill development are some of their main goals. SiGMA promotes gaming in a regulated manner worldwide. The foundation is actively involved with big-organizations like MGA, PAGCOR, Coljuegos.
What makes it different from other such foundations is its transparent nature. The SiGMA foundation believes in staying transparent by keeping a low profile. All the details regarding their acts are already available online. The foundation is working day-night to provide better education and spread awareness. They are also actively involved in healthcare services.
Overview of the services covered by SiGMA
It was just an average website. Now SiGMA is the ultimate place for news and information. It is one of the few companies that cover round-the-clock news across the globe. With reporters reporting from many different locations the company offers diversified content. You will find everything from podcasts to personal interviews. SiGMA also started covering crypto news a few months ago.
The
website also started featured events like Grand Slam Series. They interview multiple gaming stars. Here readers can get information about SEO tips. This would help them to form their favorite gaming affiliates. Along with this it also runs a dedicated game review section. Here the website provides readers with in-depth game reviews keeping them updated. You will also find all the news related to their charitable award shows and many such events.
Final Words
SiGMA has also started inviting more guests and entrepreneurs to its interviews. They have added multiple segments to their websites showcasing emerging tech start-ups. The news website AIBC is also something to look out for. Here readers can find dedicated segments of deep-tech and content related to block-chain. Also, you will get the latest news here. It covers crypto, AI, quantum computing, loT, fintech, etc. Due to the outburst of LAN gaming events. You will find news related to such events where it covers all its instances live.
Blockchain technology to run an entire city? Impossible, right? But we are in 2021, and blockchain is brewing like never before. Recently, a blockchain technology-based firm proposed the same in the Nevada Desert. The firm’s CEO Jeffrey Berns stated that he has proposed to form a local government
in the Nevada desert. On the 67,000 acres of land in the Storey County owned by the firm, he proposes to build a crypto city. If this gets approved that area’s identity will change into becoming an innovation zone.
The idea came from Jeffrey Berns. This happened after he heard some of his clients complaining about current regulations. His clients always complain about traditional government practices that provide less flexibility. After which he came up with an idea to create a place where innovation and growth work hand-in-hand.
What does the Blockchain firm aim to achieve?
The firm aims to create a local government with some prominent rights. They are looking to build their court-rooms and impose taxes on people living here. That’s not all, the firm also wants to incorporate all this in a unified crypto-based payment solution. Here, all the payments for goods and services will be processed via crypto. This will log an online footprint for everyone living in the city. This includes personal records to financial statements. The firm is looking to fulfill a long run dream of a smart city that runs on blockchain technology.
Jeffrey also said they will allow people to benefit from better regulations. They aim to lay the groundwork in the county area by 2022 which is 12 miles away from Reno. They have laid a plan for the next 75 years where the firm will build 15000+ homes and around 33 Million sq. ft. of industrial space. Their main goal is to introduce people to an innovation-driven place. Where they can benefit and innovate from technology.
Will this benefit other people?
You must have heard about proposals where the government gave billions in tax-rebates. For instance, Tesla getting 1.3$ Billion. Which then Tesla used for their Nevada battery factory. Newyork gave another billion to Amazon for their corporate headquarters. The tech giants Google and Facebook impact the current market heavily.
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a development project that plans to build a smart city and an innovation zone is a better option. This was also what Steve Sisolak had to say in his state address of January. He said economic development needs a revamp. And these innovation-zones and blockchain LLCs are an integral part of that.
How did the Nevada Government react to this?
The Government showed no official interest in such developments. And also stated that making such choices should be a state-run decision. Berns questioned the government about their response. He said, “what did they think we would do by purchasing 70,000 acres of land.”