This year, Memorial Day falls on Monday, May 31st. Memorial Day historically has been dedicated to honoring the lives of soldiers who have died during service. The weekend itself is a time for families of fallen soldiers to remember their lost loved ones, and it’s tradition for everyone to participate in a shared moment of silence for these people who have gone.
This holiday naturally evokes an appreciation amongst the American people for the freedoms that they have. These freedoms are evident in the ownership of properties, money, rights, and many other areas.
One of these other areas of freedom includes the right to own assets. Interestingly, Bitcoin does not count as legal US tender. Rather, the US Government recognizes digital currency as an asset more than anything else, as reflected on your taxes.
The fact that US citizens have the right to purchase and invest in decentralized assets like Bitcoin, or any other digital currency, is impressive. In many other countries, Bitcoin is actively discouraged or outlawed entirely. For example, China, Russia, Vietnam, and Columbia have all either banned Bitcoin or placed heavy restrictions on it.
But, in the US, there are countless communities and articles that talk about and celebrate the good things digital currency has brought them, as well as educate others on the benefits of digital currency.
Not only are American people free to invest in digital currency, but they are also free to make a life out of it. A whole business ecosystem is based off Bitcoin and digital currency in general. Coin Cloud is a great example, not to mention the numerous online communities having fun with their shared passion for virtual currency. Lots of people found their purpose in this industry due to the freedoms they are granted as Americans.
Memorial Day is when people appreciate the freedoms they have and — first and foremost — honor the soldiers who protected them.
So thank you to those we recognize on Memorial Day, and much love to their families. Happy Memorial Day!
Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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