Bitcoin Embassy May be Opened in Atlanta

Such an institution can be a platform for conducting profile events, a meeting place for members of the crypto community
01 March 2018   463

Chief Editor of the American Institute for Economic Research (AIER) Jeffrey Tucker proposes to create the Bitcoin Embassy in the United States, Atlanta, Hibusiness reports. The essence of the idea is that to unite supporters and create a friendly environment for participants in the crypto community.

That could be in April, depending on how fast we can build out the site, get the crypto ATMs in here, line up all the contractors and services, and so on. One of our services is a wallet recovery business, with a friend who works in Atlanta. The service is slammed with requests to recover lost bitcoin. He uses a variety of techniques and myriad of machines to bruteforce passwords and help people regain control of their money. That service now becomes a sector of the life of the Atlanta Bitcoin Embassy.
 

Jeffrey Tucker

Chief Editor, American Institute for Economic Research

Such an institution can be a platform for conducting profile events, a meeting place for members of the crypto community. In addition, it will be possible to unblock the crypto-currency wallet if necessary - Tucker suggests creating a whole business to restore wallets.

Jeffrey Tucker decided to create the Bitcoin Embassy after he got acquainted with a similar community in Israel.

Survey: Millionaires do not gain Enough Crypto Advice

A survey revealed today by Capgemini shows: only 34.6 percent of high net worth individuals have got cryptocurrency information from their wealth managers
19 June 2018   49

According to Reuters, the information is received from Capgemini’s annual survey, the World Wealth Report. The latest edition demonstreted that additionally to the aforementioned 29 percent, a further 26.9 percent are “on the fence” relatively to  cryptocurrency investment - meaning that well over half of HNWIs are aware of and/or interested in cryptocurrency like Bitcoin.

A Paris-based business consulting corporation, Capgemeni, determines HNWIs as people with at least $1 million accessible to invest, outside of asset holdings such as real estate, automobiles, and art. At the start of 2018, there were a counted 15.2 million such people in the world. This part of society controls more than $70 trillion, and Capgemini expects that figure to rise to $106 trillion by 2025.

Also it was found by the study that 71.1 percent of younger millionaires (age 40 and below) place “high importance” on getting information about cryptocurrency from their wealth management firms, as do 13 percent of those aged 60 and over. In the whole, only 34.6 percent of them claimed that they had learnt cryptocurrency information from their wealth managers. 

This probably points to a trend of wealth managers being a bit behind the times. It also unfolds that a market force which could go some way towards explaining the fact that at least 167 new cryptocurrency hedge funds were instituted last year. During the year of 2017, these funds saw massive growth in profit.