Florida Governor Ron DeSantis Proposes Creating a Cryptocurrency Payment System for State Fees

The American politician and attorney serving as the 46th governor of Florida, Ron DeSantis, announced the state’s 2022-23 budget proposal last week and proposed an idea to let businesses pay state fees with crypto assets. The governor’s “Freedom First Budget” suggests creating a department in Florida to accept state fees in cryptocurrencies.

Florida Governor’s Freedom First Budget Includes Crypto

The Republican governor of Florida, Ron DeSantis seems to be keen on allowing businesses in Florida to pay for state fees in crypto assets. Florida is becoming well known for its politicians who are positive about the digital currency economy as Miami Mayor Francis Suarez has been very vocal about supporting bitcoin. Suarez gets a portion of his salary in BTC and recently announced he plans to take a fraction of his 401k retirement plan and convert it into bitcoin.

A report published by Fortune says DeSantis has explained in recent times that he wants the Florida state government to become “crypto-friendly.” “Florida encourages cryptocurrency as a means of commerce and furthering Florida’s attractiveness to businesses and economic growth,” DeSantis wrote in Florida’s 2022-23 budget proposal.

During His Speech in Tallahassee, DeSantis Discussed Leveraging Blockchain Pilots to Bolster State-Operated Departments

DeSantis also spoke about the budget proposal in a speech on Thursday in Tallahassee. “Our view as the state government is this is something that we welcome and we want to make sure that the state government is crypto-friendly,” the Florida governor remarked. In addition to Miami’s Mayor Francis Suarez, crypto businesses like Blockchain.com, Etoro, and FTX have locations in Florida and Miami.

During his speech in Tallahassee, DeSantis also discussed blockchain technology. The Florida governor explained that the state aims to launch pilot programs that tether distributed ledger technology to state-operated entities like Florida Highway Safety and Motor Vehicles, and Medicaid payments. While DeSantis has officially launched his bid for reelection as the state’s governor, there are rumors DeSantis may run for president of the United States in 2024.

What do you think about Ron DeSantis proposing that Florida businesses could pay state fees with crypto assets? Let us know what you think about this subject in the comments section below.

Billionaire Barry Sternlicht Discusses Bitcoin Price Rising to $1 Million — Calls BTC a ‘Smart’ Hedge

Billionaire Barry Sternlicht Has Over $1 Billion in Crypto — Sees Bitcoin as Smart Hedge

The chairman of Starwood Capital Group, billionaire Barry Sternlicht, has shared his view on how bitcoin could grow to be worth a million dollars a coin. He calls the cryptocurrency a “smart” hedge in a world where the government just keeps on printing money.

Billionaire Barry Sternlicht Believes Bitcoin Could Rise to $1 Million per Coin

Billionaire Barry Sternlicht, the chairman of Starwood Capital Group, talked about the future outlook for cryptocurrencies, particularly bitcoin, Friday while speaking at a Bloomberg event in Miami.

Sternlicht runs Starwood Capital Group, a private equity firm that specializes in real estate investments. The firm has about $100 billion under management in real estate, debt, and energy assets. According to Forbes’ list of billionaires, his current net worth is $4.2 billion.

Noting that he has called his bitcoin position a “great hedge,” the billionaire was asked, “Is that how we all should be thinking?” Sternlicht firmly replied, “Yes.”

He explained that we live “In a world where the government just prints money, and prints money, and prints money, and prints money, and doesn’t seem to have any consequences.” Noting that “Sometimes, that will end,” the billionaire stressed:

The only thing that they can’t make more of is bitcoin.

He added that bitcoin has “never been hacked,” but noted that “It has no real value other than there’s 21 million coins” that are “infinitely divisible.”

In comparison, he pointed out that gold also “really doesn’t have a lot of value,” adding that “You can have your gold jewelry but it could be silver or titanium or platinum.”

Sternlicht opined: “You could see the world saying to the U.S., especially with our political isolationism, they would say China is going to try to knock us off the dollar standard, and they are going to have a lot of countries aligned with them.”

The Starwood Capital executive emphasized: “They are going to try really hard. It’s very obvious. They are going to try really hard to break the dollar standard. If that happens and the dollar devalues, you need one thing that could hold its value.”

While admitting that bitcoin “will go down with the stock market,” he stressed that in his opinion, “it will reverse,” elaborating:

It would go to $1 million a coin. It could do that because everyone, it’s not U.S. investors, the whole world will look at one thing that they can’t make more of and that would be bitcoin.

“There’s no function other than a store of value so having a little investment in bitcoin, I think, might be a smart little hedge in your life because your paper will be worthless, unfortunately,” he warned.

The billionaire then disclosed that he has about 2% to 3% of his net worth in cryptocurrencies. Regarding crypto investment, he said: “If it goes to zero, it won’t hurt me either, it won’t hurt you.” However, he emphasized:

But if it goes to $1 million a coin, you are going to look at the TV and get very upset.

A growing number of billionaires are using bitcoin to hedge against inflation.

Famed hedge fund manager Paul Tudor Jones said in October that he preferred bitcoin over gold. Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, said in September that he is very bullish about bitcoin, expecting it to increase “significantly.”

Last week, Mexican billionaire Ricardo Salinas Pliego said the U.S. “is looking more and more like any other irresponsible third world country.” Salinas tweeted a weekly chart of the total value of the Federal Reserve’s assets (less eliminations from consolidation) and commented: “Wow…look at the scale of fake money creation. Buy bitcoin right now.”

Do you agree with Barry Sternlicht about bitcoin? Let us know in the comments section below.

Survey says crypto popular holiday gift for Americans — NFTs not so much

Bitcoin, Dogecoin and Ether lead the list as the most popular cryptocurrencies Americans plan to gift during the holiday season.

Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) and Ether (ETH) are set to become the gift of choice for people of the United States, a new study by crypto lending firm BlockFi revealed.

Conducted in October among more than 1,250 U.S. residents, BlockFi’s “Real Talk: Happy HODLdays” survey found that nearly one in 10 Americans would give crypto to their loved ones as a holiday gift.

Bitcoin is the most popular gift by a large margin (75%) for people who plan to give or receive crypto as a present during holiday 2021, followed by Dogecoin and Ether, respectively. Nonfungible tokens (NFTs), on the other hand, still need time to be accepted as a gift alternative as only 2% of respondents are interested in receiving them as a gift.

Moreover, crypto will likely become a hot topic at family dinner tables, as one in three respondents prefer talking about their popular digital assets instead of politics during the holiday season, the survey showed. While boomers would still prefer to talk politics, Gen Z and millennials plan to open the conversation with crypto.

The survey pointed out the lack of knowledge on how to actually give crypto. Less than a quarter of respondents actually knew how to send crypto to someone as a present. This shows that crypto is becoming a popular topic but further education would benefit an even bigger population, BlockFi co-founder and SVP of operations Flori Marquez said.

Related: A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey

BlockFi also asked respondents about their new year plans. A third of millennials plan to buy crypto in 2022 while it decreases to 25% in the older generations. Some 15% of respondents said they plan to buy an NFT in 2022. One thing to note is that Gen-Zers, born after 1997, prefers to buy Dogecoin over Ether.

A similar survey, conducted in Australia by Crypto.com, found that a quarter of Aussie crypto users plan to buy crypto gifts for their loved ones ​​this Christmas.

Bitcoin.com’s Crypto Casino Conducts Christmas Raffle with Cash Prizes Worth $10,000

Bitcoin.com is set to put players in the mood to celebrate Christmas with one of the biggest giveaways of the year!

💰$10,000 in Cash Prizes Up For Grabs🎁

Christmas festivities start early this year at our very own crypto casino, Bitcoin.com Games, as we’ve launched a brand new raffle that culminates into a draw announced on Christmas day. Lucky players at the end of the draw will take home cash prizes worth $10,000 that are likely to set them up nicely for the year-end celebrations.

Anyone can win! That’s the allure that is attracting plenty of players to this one-of-a-kind promotion. Upping the ante of the holiday spirit is the fact that you can play any game available on the casino to claim your tickets to the raffle. Any player can be the happy receiver of the luck of the draw with 10 positions being rewarded at the end of the raffle. Even if you have just 1 ticket, it is possible for you to land the top prize of $3,000 all by yourself simply by having lady luck on your side!

Anyone can win the top prize of $3,000 even with just 1 ticket to the raffle.

The build-up to Christmas beginning on the 1st of December ensures all players have a sufficient amount of time to gather as many tickets as they can to maximize the possibility of being drawn a winner. Because, of course, the more tickets you have, the greater your chances of winning.

Bitcoin.com Games is the most trustworthy crypto casino where you can enjoy high-quality games from all the top providers in the world. Combined with the smooth user experience and top-notch customer service that ensures premium gameplay round the clock, the crypto casino has become the go-to gaming portal for many players since its launch in 2016. The premium gaming platform also allows users to play all the popular casino games without worrying about in-depth KYC or upper limits on deposits or withdrawals.

The Xmas Raffle🎄 promotion is ongoing at Bitcoin.com Games, offering you to play many exciting games while standing a chance to win from $10,000!

Check out this brand new promotion from Bitcoin.com Games or play one of the exclusive games like Bitcoin Blackjack on the casino’s website.

What do you think about Bitcoin.com Games Xmas Raffle with prizes worth $10K? Let us know what you think about this subject in the comments section below.

Craig Wright Cleared of All Charges Except a Conversion Count, Jury Awards $100 Million to W&K Info Defense

Craig Wright Cleared of All Charges Except a Conversion Count, Jury Awards $100 Million to W&K Info Defense

The Kleiman v. Wright trial has come to a conclusion and Craig Wright and his defense team has won on all claims except one count of conversion. According to a court reporter, Craig Wright, the man who claims to be Satoshi Nakamoto, said he was “incredibly relieved.”

Craig Wright’s Defense Wins on All Claims Except Conversion — Wright Says ‘I’m Not Going Anywhere, I’m Here for the Long Term’

After the jury was deadlocked in the Kleiman v. Wright case for days last week, the jurors came to a decision on Monday, December 6, 2021. Craig Wright and his defense team from Rivero Mestre LLP have managed to beat all the charges except one count of conversion.

The jurors ruled that while Wright was cleared of most charges, he must pay $100 million to W&K Info Defense and no punitive damages. Carolina Bolado, the Law360 reporter at the trial, explained that Judge Beth Bloom commended the attorneys who provided “superb representation” to their clients. Bolado also detailed that Wright said he was “incredibly relieved.”

The plaintiffs, the Kleiman estate, accused Wright of manipulating his former business partner Dave Kleiman’s bitcoin inheritance and IP. The lawsuit’s preliminaries and discovery period dragged on for years, with all kinds of mystery in between.

Bitcoinsv (BSV) supporters celebrated Wright’s victory on social media platforms and forums. However, other crypto advocates criticized the publication Coingeek for reporting on the verdict in a bias manner. Coingeek author Jordan Atkins claims in his headline that “Bitcoin creator Craig Wright 100% Satoshi Nakamoto, says Kleiman v. Wright jury.”

“Thank you everyone for all your support over all of the years,” Wright said in a video response following the verdict. “This has been a remarkable good outcome and I feel completely vindicated. “Next, there are still more fights. Were going to make everything change… cryptocurrency to digital cash the way its meant to be. My original invention is coming back. I’m not going anywhere, I’m here for the long term and I’m here for the fight.”

Bitcoin Advocates Snark at Wright’s So-Called Win

A few other bitcoin advocates had different opinions of the outcome. Alistair Milne said: “Craig Wright found guilty of stealing his dead partner’s assets, fined $100mil.” The attorney Stephen Palley tweeted: “LOL. The people who think that getting hit with a $100 million jury verdict for conversion (stealing) is a win.”

“Craig Wright is a charlatan pretending to be Satoshi without proof and is getting sued by some other guy or something like that I don’t remember,” the co-founder of Dogecoin, Billy Markus tweeted. “Anyway the whole thing is dumb and my tweet was just making fun of morons who blame devs and founders for the current trading price.”

The attorney representing the Kleiman side seemed pleased with the verdict when he tweeted “100,000,000” with a smiley face emoji. “Craig Wright is now officially the most bankrupted Faketoshi ever,” the Twitter account Arthur van Pelt said. Is that a section in the Guinness Book of Records yet?” he further asked.

The lawsuit could see some type of appeal process stem from both sides of the case in regard to the jurors’ recent decision. The hoopla on social media is no different than any other day, as Wright’s supporters wholeheartedly believe the decision was a big win, Wright’s detractors think the case proved he did something wrong. Either way, the verdict will likely not change any minds with strong biases for or against Wright, and whether or not his Satoshi tales are true or false.

What do you think about the verdict in the Kleiman v. Wright trial? Let us know what you think about this subject in the comments section below.