Bankless ROLLUP: Bitcoin ETF Rumors | IRS Tax Rules | Ethereum Dencun
Jan 5, 2024
Discover the buzz around Bitcoin's 15th birthday and its recent price movements amid new IRS tax rules for crypto. Delve into the hype surrounding potential Bitcoin ETF approvals and the contrasting strategies of narrative versus fundamentals investing. Explore upcoming Ethereum upgrades aimed at lowering transaction fees and the challenges of tracking airdrops. Plus, get a glimpse into the chaotic financial landscape in Argentina, where cash use has become a cumbersome daily struggle.
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Argentina's Fiat Economy
- David Hoffman is in Argentina, experiencing its economy firsthand.
- He describes the inconvenience of using large stacks of pesos for small purchases.
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Bitcoin vs. Pesos
- Bitcoin's price in Argentinian pesos shows a steep vertical climb due to peso devaluation.
- This exemplifies how fiat currencies trend towards failure, making Bitcoin's value proposition clearer.