\ud83d\udcf2 Insider Info in my Socials \ud83d\udc49 https:\/\/guy.coinbureau.com\/socials\/
\n\ud83d\uded2 Get The Hottest Crypto Deals \ud83d\udc49 https:\/\/guy.coinbureau.com\/deals\/
\n\ud83d\udc55 “Bitcoin Evolution” Shirt \ud83d\udc49https:\/\/store.coinbureau.com\/product\/coinbureau-evolution-t-shirt\/
\n\ud83d\udd25 TOP Crypto TIPS In My Newsletter \ud83d\udc49 https:\/\/guy.coinbureau.com\/signup\/<\/p>\n

~~~~~
\n\ud83d\udcfaEssential Videos\ud83d\udcfa<\/p>\n

Bitcoin Wyckoff Manipulation Explained \ud83d\udc49 https:\/\/youtu.be\/ltcnTTeDFjY
\nBitcoin vs. Gold \ud83d\udc49 https:\/\/youtu.be\/B_QaL9fAKoM
\nWhat Influences Bitcoin\u2019s Price \ud83d\udc49 https:\/\/youtu.be\/8a0LGCMrjAA
\nWhat Happens When The Last BTC Is Mined? \ud83d\udc49 https:\/\/youtu.be\/rnKdpf-P1TI
\nProof Of Work Vs. Proof Of Stake \ud83d\udc49 https:\/\/youtu.be\/08vnE2_cAeQ
\nCashless Society Dystopia \ud83d\udc49 https:\/\/youtu.be\/2Y2EBQxYUok<\/p>\n

~~~~~<\/p>\n

– TIMESTAMPS –
\n0:00 Intro
\n1:49 What Is The BIS?
\n3:41 What Caused The 2021 Bull Run
\n4:49 How Many Americans Hold Cryptocurrency
\n6:21 Trust In The Current Financial System
\n8:32 Cryptocurrency Awareness And Ownership
\n11:40 Cryptocurrency HODLers
\n12:53 Cryptocurrency Gender Gap
\n14:08 BIS Policy Proposals
\n15:54 Conclusion<\/p>\n

~~~~~<\/p>\n

\u26d3\ufe0f \ud83d\udd17 Useful Links \ud83d\udd17 \u26d3\ufe0f<\/p>\n

\u25ba What Is The BIS: https:\/\/www.bis.org\/about\/index.htm
\n\u25ba BIS Full Report: https:\/\/www.bis.org\/publ\/work951.pdf
\n\u25ba NYDIG Says ~20% Of Americans Hold BTC: https:\/\/www.nasdaq.com\/articles\/about-46-million-americans-now-own-bitcoin-2021-05-14
\n\u25ba 2020 Survey Of Consumer Payments: https:\/\/www.atlantafed.org\/-\/media\/documents\/banking\/consumer-payments\/survey-of-consumer-payment-choice\/2020\/2020-survey-of-consumer-payment-choice.pdf
\n\u25ba What People Do With Their BTC (HODL!): https:\/\/blog.chainalysis.com\/reports\/bitcoin-market-data-exchanges-trading
\n\u25baEmbedded Monitoring Explained: https:\/\/cointelegraph.com\/news\/bis-report-suggests-embedded-monitoring-tool-for-stablecoins<\/p>\n

~~~~~<\/p>\n

\ud83c\udfe6What Is The BIS\ud83c\udfe6<\/p>\n

The BIS describes itself as the \u2018bank of central banks\u2019, and it\u2019s purpose is facilitate coordination between the 63 central banks it represents with the goal of maintaining \u2018monetary and financial stability\u2019<\/p>\n

The BIS is technically owned by the 63 central banks it represents, and it was founded in 1930 to collect and distribute the reparations payments imposed on Germany after World War 1<\/p>\n

\ud83d\udc02What Caused The 2021 Bull Run\ud83d\udc02<\/p>\n

According to the BIS, the bull run we saw earlier this year was caused by Robinhood\u2019s halting of GameStop trading in late January<\/p>\n

They believe that all those disgruntled traders on WallStreetBets decided to move their money into crypto after being cut off by their dopamine dealer<\/p>\n

\ud83d\udcb0How Many Americans Hold Crypto\ud83d\udcb0<\/p>\n

The second finding in the BIS study is that only 1.4% of Americans hold cryptocurrency, and this statistic seems to be completely off<\/p>\n

A study by New York Digital Investment Group in May suggests that nearly 20% of the US population holds Bitcoin. According to Nasdaq, NYDIG\u2019s study used the same standards as the US Census Bureau<\/p>\n

\ud83e\udd1dTrust In The Current Financial System\ud83e\udd1d
\nPeople who use digital payments and people who invest into cryptocurrency have about the same level of trust of the current financial system. <\/p>\n

As seen in the brief data summary earlier in the study, Americans believe the current financial system scores about 3\/5 in terms of security for cash and bank payments \u2013 60% trusting<\/p>\n

\ud83d\udcdaCrypto Holder Characteristics\ud83d\udcda<\/p>\n

Cryptocurrency holders are more educated than the general population on average, with most having 3-4 years of post-secondary<\/p>\n

XRP and Ethereum holders are the most educated, with both having more than a bachelor degree\u2019s<\/p>\n

The BIS study also divides cryptocurrency holders by income, and a similar pattern is present there as well. <\/p>\n

The interesting thing is that Litecoin holders seem to be pretty well off despite their lack luster academic credentials<\/p>\n

\u270aHow Many Crypto HODLers Are There\u270a<\/p>\n

The fifth finding in the BIS study is probably the most significant, and that\u2019s that the majority of cryptocurrency investors become long term HODLers<\/p>\n

\ud83d\udc6bCryptocurrency Gender Gap\ud83d\udc6b<\/p>\n

According to the BIS, about 75% of cryptocurrency investors are men, whereas only about 25% of them are women, even though they have similar levels of knowledge. This is because women are more risk averse investors than men<\/p>\n

\u2696BIS Crypto Policy Proposals\u2696<\/p>\n

The BIS argues that cryptocurrencies are not seen as currencies by investors and are \u2018niche digital speculation\u2019 objects. Because of that, they should be heavily regulated<\/p>\n

The BIS also seems to imply that proof of work cryptocurrencies in particular need to be heavily regulated. They also want total surveillance of transactions. <\/p>\n

~~~~~<\/p>\n

\ud83d\udcdc Disclaimer \ud83d\udcdc<\/p>\n

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
\n#Bitcoin #crypto #BIS #report #Fed #ECB #centralbank
\n
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\ud83d\udcf2 Insider Info in my Socials \ud83d\udc49 https:\/\/guy.coinbureau.com\/socials\/ \ud83d\uded2 Get The Hottest Crypto Deals \ud83d\udc49 https:\/\/guy.coinbureau.com\/deals\/ \ud83d\udc55 “Bitcoin Evolution” Shirt \ud83d\udc49https:\/\/store.coinbureau.com\/product\/coinbureau-evolution-t-shirt\/ \ud83d\udd25 TOP Crypto TIPS In My Newsletter \ud83d\udc49 https:\/\/guy.coinbureau.com\/signup\/ ~~~~~ \ud83d\udcfaEssential Videos\ud83d\udcfa Bitcoin Wyckoff Manipulation Explained \ud83d\udc49 https:\/\/youtu.be\/ltcnTTeDFjY Bitcoin vs. Gold \ud83d\udc49 https:\/\/youtu.be\/B_QaL9fAKoM What Influences Bitcoin\u2019s Price \ud83d\udc49 https:\/\/youtu.be\/8a0LGCMrjAA What Happens When The Last […]<\/p>\n","protected":false},"author":1,"featured_media":714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[33],"tags":[623,624,50,357],"class_list":{"0":"post-713","1":"post","2":"type-post","3":"status-publish","4":"format-video","5":"has-post-thumbnail","7":"category-videos","8":"tag-bis","9":"tag-crazy","10":"tag-crypto","11":"tag-report","12":"post_format-post-format-video"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=713"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/714"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}