Goldman Sachs turns bullish on Bitcoin, China’s official digital currency is almost ready and crypto salaries made legal in New Zealand
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Goldman Sachs turns bullish on Bitcoin
In a recent analyst’s note from Goldman Sachs the bank wrote that it’s short term target for Bitcoin is $13,971. The note also stated that the current retracement should be viewed as an opportunity to buy, as long as it does not retrace below $9,084.
It’s surprising to see that the prices used for the analysis do not include weekend prices, it’s likely they come from futures market data.
China’s official digital currency is almost ready
An offical from the central bank of China has said that the country’s digital currency is almost ready to launch.
Researchers have been working hard to complete systems to support the ‘digital yuan’. And since Facebook announced it’s Libra project last June, China viewed the development of it’s digital currency with new urgency.
Crypto salaries made legal in New Zealand
New Zealand’s tax office has made it legal to receive salaries in crypto and also have them taxed.
Their ‘August bulletin’ states that an employee can be paid salaries in crypto assets as long as the payments are for services performed under an employment contract, for a fixed amount and form a regular part of the employee’s remuneration.
The new ruling will apply for three years from the 1st of September 2019.
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