• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
STO Germany berlin bitbond
Nexo

Has Berlin’s Bitcoin Brigade Been Blinded by Bullishness?

Eustace Cryptus by Eustace Cryptus
4 years ago
in Bitcoin, Bitcoin Regulation, News, News teaser
0
Advertisement

Berlin’s Bitcoinists believe the cryptocurrency will triumph no matter what obstacles come before it.


Like anywhere else, Bitcoin’s (BTC) [coin_price] viscous volatility has made it something of an outcast amongst most Germans. Not to mention, the mad dash investments of the 2017 bull run have alarmed regulators around the world. Somehow Berlin stands out as an exception. It’s young and tech-savvy entrepreneurs aren’t the least bit bothered by Bitcoin’s series of short-term price woes. 

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Going Against the Grain

While Germany’s Finance Minister, Olaf Scholz, believes that digital currencies will never be able to supplant the dominance of fiat currencies, Berliners remain unfazed and once per month a growing group of crypto-zealots converge on Room 77 for a communal meal involving  beers, burgers and bitcoin banter. Since 2011, Room 77 has accepted bitcoin payments and it stands as one of the first bars to accept the cryptocurrency.

Jeff Gallas, the founder of the German Bitcoin Foundation explains that “We’re just a social gathering, so there’s no agenda, no talks, we just hang out and talk about Bitcoin.”

According to Gallas, the magic of Bitcoin lies in the capacity for each person to dislodge themselves from relying on “the banking dinosaurs,” while essentially becoming their own bank.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The peer-to-peer nature of cryptocurrency, in general, appears to be what drives many of Berlin’s Bitcoin loyalist. Gallas believes that the excitement and optimism among the German Bitcoin Foundation members will remain strong. Members are focused on how Bitcoin and other cryptocurrencies will shake up the global financial system.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

Crypto and Anarchy: A Match Made in Heaven?

Joe Charlesworth is another Bitcoin zealot drawn to Berlin for what he describes as a “kind of anarchist culture that fits very well with the earlier version of crypto.” Charlesworth hails from the UK. Prior to moving to Berlin three months ago, he worked at a venture capital firm. Upon arriving in Berlin, Charlesworth founded PredictionVC, a firm which seeks to help cryptocurrency investors make wiser decisions.

An interesting fact many might not be aware — Germany does not apply tax when Bitcoin is used for making purchases. While this probably is not encouraging Berlin’s hodlers to part ways with their coins, it does add some validity to the notion of the currency functioning alongside traditional currencies.

Undying Optimism

In spite of the 2018 bear market — and in spite of Bitcoin’s volatility — Berlin’s Bitcoin supporters continue to believe that the future of finance will be dominated and driven by digital currencies.

In fact, Brian Crain, a podcaster for Epicenter Bitcoin and co-founder of a Berlin-based crypto startup called Chorus One, is one of many who adamantly proclaim that “the price volatility doesn’t bother me too much.”

Crain notes having experienced Bitcoin crashing from $1300 to $200, so he perceives himself as being “battle-hardened” while remaining certain that Bitcoin and other cryptocurrencies will

[…] go many orders of magnitude larger and. 10 years from now, there will be billions of cryptocurrency users. 

What will it take for German financial regulators to develop a more positive opinion of Bitcoin? Share your thoughts in the comments below!


Images courtesy of Shutterstock.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Eustace Cryptus

Eustace Cryptus

Educator by day, crypto zealot at night. I scour charts, swing trade & ponder blockchain’s ability to transform cities, commerce and the entire banking system as we know it!

Related Posts

Bitcoin

Bitcoin Will Beat Gold As Store Of Value, MicroStrategy CEO Says

4 hours ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

13 hours ago
Bitcoin Miners Continue Distribution, Bad Sign For The Rally?

Bitcoin Miners Continue Distribution, Bad Sign For The Rally?

19 hours ago
UNCTAD, document heading

UNCTAD Wants To Curb Crypto Adoption In Developing Countries. Of Course They Do

3 days ago
Bitcoin Crypto

Crypto Market Sees $510M Futures Flush As Bitcoin Breaks $24.5k

4 days ago
bitcoin family

“Bitcoin Family” Loses $1 Million In Bear Market, What’s Next For Them?

4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.