According to Mike Novogratz’s Galaxy Digital Firm, Now is the Time to invest in Bitcoin
By Tyler Smith – Cryptocurrency Expert
The UK-based multinational business newspaper, the Financial Times (UK) released a full-page article on Thursday 13th August 2020, telling readers that “now is the time” to start Bitcoin investing. The advertisement came from Digital Galaxy, a crypto-focused firm founded by Bitcoin spokesman and believer, Michael Novogratz.
Galaxy Digital delivers cryptocurrency financial services, having raised $700 USD of today and currently trading on the TSX Market. They are based in New York City but have headquarters in parts of Europe, Asia and the US.
The published advertisement also received attention from other Bitcoin bull’s in the space, including the current CEO of the cryptocurrency organization Grayscale Investments, Barry Silbert. He tweeted his promotion for the ad, drawing more readers to the content highlighting that he himself ‘loves it.’ The consensus from both of these individuals is that cryptocurrency trading is only on the rise. As more enter the crypto space, many suggest now is the time to buy Bitcoin before the markets gain more users, higher transaction costs and more importantly, a larger price tag.
Moreover, three days prior to Galaxy Digital’s piece, Grayscale published their own televised commercial putting the spotlight on the future technological and economic opportunities that come with digital currencies.
On the same day, Peter Schiff offered his opinion tweeting in response to the TV ad and criticizing the advert model as he remains bullish on the Bitcoin market.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards