Should
Bitcoin be added to the Dollar Index?
Does
Irrational Exuberance prelude a Bubble?
Do
Investors love Crypto or just the money?
BOULDER, CO --
January 28, 2025 -- InvestorsHub NewsWire -- BlackStar Enterprises
Group, Inc. ("BlackStar") (OTC
Pink: BEGI). BlackStar
CEO Joseph E. Kurczodyna has been actively following cryptocurrency
markets and evolving related events in conjunction with the
Company's Blockchain patent portfolio. In Mr. Kurczodyna's opinion,
the Bitcoin blockchain volume and uniqueness looks as though it may
qualify as the fifth emerging currency to be added to the U.S.
Dollar Index. However, Mr. Kurczodyna opines that Bitcoin does not
surpass the trusted U.S. Dollar, which has earned its reputation as
the world's premier currency for transactions. Its general
acceptance may, according to Mr. Kurczodyna, still qualify Bitcoin
for inclusion in the U.S. Dollar Index basket of foreign
currencies, which currently includes EUR, JPY, CAD, MXN, GBP, AUD,
and four emerging currencies: CHF, KRW, CNH, and INR.
Mr. Kurczodyna further theorizes,
"Bitcoin was founded on the principle of being free from government
control; if a reserve were announced and other countries followed
suit, Bitcoin's value could plummet in response to government
intervention. Conversely, if Bitcoin were reserved like commodities
and became part of the dollar index, it could provide the Federal
Reserve with a roadmap to adjust their Bitcoin reserve as a hedge
due to its weighted currency and impact on the index."
Mr. Kurczodyna, citing the
Greenspan forecast in the spring of 2000 of 'irrational
exuberance,' opines that the crypto bubble is possibly being fueled
by speculation of possible new SEC guidelines on cryptocurrency.
One of the roles of the SEC Division of Corporate Finance is to
ensure that there is a full disclosure of all risk factors of an
investment vehicle to the public. Most decentralized blockchain
platforms or applications have not disclosed material facts in the
same way that registered companies do with the SEC. Crypto trading
markets raise capital and increase in price often due to a tight
supply of tokens or coins. Mr. Kurczodyna believes that without
continued regulations, everyone may start creating coins and that
bubble could burst in a few years.
Mr. Kurczodyna opines,
"Registration of the Bitcoin Exchange Traded Fund (ETF), with the
underlining asset that trades on a blockchain, is the new framework
to trade crypto." ETF Offerings are responsible for the
representation and accountability of those risk factors in their
filings with the SEC. Mr. Kurczodyna is of the opinion, based on
his 49 years of market experience, that "crypto mania" is similar
to the 70s penny stock mania, the 80s reverse mergers, and the
internet mania of the 1990s; investors are making money and don't
seem to care how or if it's been done according to the rules and
regulations. Mr. Kurczodyna believes that SEC-registered crypto ETF
securities may be the new craze, selling to a bigger U.S. broker
dealer ecosystem.
Other Info:
BlackStar
Enterprise Group, Inc. (OTC: BEGI)
WEBSITE: blackstareg.com
EMAIL: info@blackstareg.com
CONTACT
Bryan P Hemphill….559-359-1480
http://www.blackstareg.com/investor-relations/
More information can be
found in the Company's recently filings at the SEC web
site: https://www.sec.gov/cgi-bin/browse-edgar?company=BlackStar+Enterprise&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany.
SEC
Disclaimer
This press release is
neither an offer to sell nor a solicitation of an offer to buy any
securities in the United States or elsewhere. This press release
may contain forward-looking statements. The words or phrases "would
be," "will allow," "intends to," "will likely result," "are
expected to," "will continue," "is anticipated," "estimate,"
"project," or similar expressions are intended to identify
"forward-looking statements." Actual results could differ
materially from those projected in BlackStar's ("the Company's")
business plan. The creation of subsidiaries and expansion of
services into new sectors should not be construed as an indication
in any way whatsoever of the future value of the Company's common
stock or its present or future financial condition. The Company's
filings may be accessed at the SEC's Edgar system at www.sec.gov.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company
cautions readers not to place reliance on such statements. Unless
otherwise required by applicable law, we do not undertake, and we
specifically disclaim any obligation, to update any forward-looking
statements to reflect occurrences, developments, unanticipated
events or circumstances after the date of such statement.
