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Bitcoin value battles to protect $21K as Coinbase faces new SEC anger

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Robyn Howard

Cointelegraph to auction digital collectibles inspired by famous works of  art

$21,000 at this point "very basic" for BTC bulls

Information from Cointelegraph Markets Pro and TradingView showed a quick inversion to bring down levels for BTC/USD as reports arose of new lawful issues for Coinbase over protection exchanging.

The U.S. Protections and Exchange Commission, Bloomberg initially announced, was investigating whether the trade had permitted clients to exchange unregistered protections.

Part of a more extensive fight between the U.S. crypto industry and controllers over consistency, the move seemed to terrify the market, coming in the midst of equal charges that a previous leader directed insider exchanging.

The house was built in 1938, and its latest available records show its sale history, the earliest being for $88,500 in 1987.

This jump from $88,500 to $730,000 is a 725% increase over 35 years and reflects a compound annual growth rate (CAGR) of 6.2%. That’s quite an increase. Over the same time the S&P 500 is up 465% at a CAGR of 5.1%, so is it really that big of a jump in comparison?

What about gross domestic product (GDP), the go-to for measuring economic output? GDP is up from $4.7 trillion to $24.8 trillion in nominal terms, another triple-digit increase of 427% over 35 years.

So everything is up … it makes sense, right?

Charlotte’s population has grown from 424,000 to 2.2 million over this same time period — 5% CAGR — and this house is in a great neighborhood, so supply and demand? Plus our economy is more productive, so the rise in price is inevitable.

All of this checks out on paper, except for one metric: energy.

 

 

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