{"id":8117,"date":"2022-02-16T21:25:42","date_gmt":"2022-02-16T21:25:42","guid":{"rendered":"http:\/\/egrowonline.com\/?p=8117"},"modified":"2022-02-16T21:25:42","modified_gmt":"2022-02-16T21:25:42","slug":"the-beauty-of-bitcoin-and-its-implications-for-2022","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=8117","title":{"rendered":"The &#8216;beauty of Bitcoin&#8217; and its implications for 2022"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"mvp-content-main\">\n<p>New York Digital Investment Group (<a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=NYDIG\" data-wpel-link=\"internal\" rel=\"noopener\">NYDIG<\/a>), a leading Bitcoin company has taken various steps to promote the king coin over the years. Last year, it partnered with FS Investments\u00a0to <a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/nydig-fs-investments-partner-to-offer-access-to-bitcoin-products\/\" data-wpel-link=\"internal\" rel=\"noopener\">allow<\/a> financial advisors and investors access to <a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=Bitcoin\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin<\/a>. Now the CIO of the said firm spoke in a Thinking Crypto interview, dished out BTC plans and many more.<\/p>\n<h3><strong>Bitcoin to the rescue\u00a0<\/strong><\/h3>\n<p><a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=Patrick+Sells\" data-wpel-link=\"internal\" rel=\"noopener\">Patrick Sells<\/a>, the Chief Innovation Officer at NYDIG <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=fgwY58GUlcg\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">discussed<\/a>\u00a0the\u00a0new <a target=\"_blank\" href=\"https:\/\/nydig.com\/news\/nydig-unveils-bitcoin-savings-plan-for-employee-benefit-programs\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">Bitcoin Savings Fund<\/a>, projected bullishness for Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">My interview with <a target=\"_blank\" href=\"https:\/\/twitter.com\/PatrickSellsBTC?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">@PatrickSellsBTC<\/a>, CIO at <a target=\"_blank\" href=\"https:\/\/twitter.com\/NYDIG_BTC?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">@NYDIG_BTC<\/a>, is live!<\/p>\n<p>WATCH &#x25b6;&#xfe0f; <a target=\"_blank\" href=\"https:\/\/t.co\/OuyrDYtWel\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">https:\/\/t.co\/OuyrDYtWel<\/a><\/p>\n<p>Topics:<br \/>\u2013 <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NYDIG?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#NYDIG<\/a>&#8216;s <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#Bitcoin<\/a> Solutions for Banks &amp; Federal Credit Unions<br \/>\u2013 Raising $1 Billion<br \/>\u2013 Bitcoin Savings Plan<br \/>\u2013 <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#Crypto<\/a> Regulations, <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#NFTs<\/a>, <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CBDCS?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#CBDCS<\/a> &amp; More <a target=\"_blank\" href=\"https:\/\/t.co\/4qBKZz6O3B\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/4qBKZz6O3B<\/a><\/p>\n<p>\u2014 Tony Edward \u2013 Thinking Crypto YouTube &amp; Podcast (@ThinkingCrypto1) <a target=\"_blank\" href=\"https:\/\/twitter.com\/ThinkingCrypto1\/status\/1491442957186396160?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">February 9, 2022<\/a><\/p>\n<\/blockquote>\n<p>The New York-based company presented interested parties with new savings plan to further the adoption of crypto. Mainly amongst the non-crypto audience. It was an\u00a0employee benefit program that allows an employee to convert a portion of their paycheck to bitcoin.<\/p>\n<p>The Chief Innovation Officer of NYDIG, Patrick Sells <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=fgwY58GUlcg\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">stated<\/a>,<\/p>\n<blockquote>\n<p>\u201cAn NYDIG Bitcoin Savings Plan is an easy-to-adopt benefit that can help employers stand out from the pack while providing their employees with a critical tool for protecting their financial futures.\u201d<\/p>\n<\/blockquote>\n<p>Employers would\u00a0leverage the power of crypto to recruit and retain the best employees. It also <a target=\"_blank\" href=\"https:\/\/nydig.com\/news\/nydig-unveils-bitcoin-savings-plan-for-employee-benefit-programs\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">included<\/a> (established)\u00a0benefits such as 401(k)s.\u00a0This would indeed help in the scenario as different celebrities came forward to get <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23PaidInBitcoin&amp;src=typeahead_click\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#PaidInBitcoin<\/a>. Companies such as Q2, MVB Bank, FullStack, Iris Energy, and a couple more had opted for the Bitcoin Savings plan.<\/p>\n<p>In its recent survey, <a target=\"_blank\" href=\"https:\/\/nydig.com\/research\/bitcoin-benefits-2022-survey\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Workforce Survey: Bitcoin Benefits 2022<\/a>, NYDIG found that 36% of employees under 30 said they would be interested in allocating a portion of their pay to bitcoin.<\/p>\n<h3><strong>All in for Bitcoin<\/strong><\/h3>\n<p>The CIO was bullish on the largest CryptoCurrency despite the hiccups. He believed that Bitcoin, not only was a tremendous form of money, but was built on network theory. As per\u00a0<a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=Metcalfe%27s+Law\" data-wpel-link=\"internal\" rel=\"noopener\">Metcalfe\u2019s Law<\/a>, the value of the network was directly proportional to the number of nodes on the network \u2013 BTC fell under this.<\/p>\n<p>For example, <a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=El+Salvador\" data-wpel-link=\"internal\" rel=\"noopener\">El Salvador<\/a>, on an institutional level added users or nodes to the network by legalizing BTC. Ergo, driving the growth and the value for BTC. He <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=fgwY58GUlcg\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">added<\/a>:<\/p>\n<blockquote>\n<p>\u201cAs more users get on the network, every participant in the network benefits because the value of their Bitcoin is going to go up. That\u2019s the beauty of Bitcoin.\u201d<\/p>\n<\/blockquote>\n<p>This trend would continue to happen. \u2018We\u2019ll\u00a0see an even more rapid expansion of adoption of Bitcoin around the world,\u2019 Sells opined. He concluded:<\/p>\n<blockquote>\n<p>\u201cUltimately, it\u2019s hard for me not to envision a world where Bitcoin doesn\u2019t have its best year ever in 2022.\u201d<\/p>\n<\/blockquote>\n<h3><strong>What about the other half?\u00a0<\/strong><\/h3>\n<p>When asked about the firm\u2019s plan to list <a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=altcoin\" data-wpel-link=\"internal\" rel=\"noopener\">altcoin<\/a>s, the executive was quick to highlight regulatory concerns around altcoins. Regulatory clarity such as \u201cIs it a commodity or a security?\u201d \u201cIs it being done legally?\u201d When there\u2019s a regulatory clarity on these terms,<\/p>\n<blockquote>\n<p>\u201c(\u2026)We would make the asset available on our platform, and then partners of ours could choose to say, we want to enable that or not as an offering to our end consumers,\u201d he asserted.<\/p>\n<\/blockquote>\n<p>Until then, let\u2019s sit tight and hope for the best.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/the-beauty-of-bitcoin-and-its-implications-for-2022\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Digital Investment Group (NYDIG), a leading Bitcoin company has taken various steps to promote the king coin over the years. Last year, it partnered with FS Investments\u00a0to allow financial advisors and investors access to Bitcoin. Now the CIO of the said firm spoke in a Thinking Crypto interview, dished out BTC plans and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[5177,50,4757],"class_list":["post-8117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-beauty","tag-bitcoin","tag-implications"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/paulo-silva-5oO1xH5h8kQ-unsplash-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8117"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8117\/revisions"}],"predecessor-version":[{"id":8119,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8117\/revisions\/8119"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/8118"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8117"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}