The head of the European Central Bank (ECB) Christine Lagarde noted the advantages of state digital currencies and expressed concerns about the spread of stablecoins.
The head of the European Central Bank (ECB) Christine Lagarde noted the advantages of state digital currencies and expressed concerns about the spread of stablecoins.
With the current market of world's economy, the importance of decentralization is massive, and there comes the adoption of Smart Contract Technology, which not only is interrupting the traditional payment routes but is doing it in grand style! Following the program code, Smart contract allows for the distribution of digital assets. All transactions are done in a decentralized manner using the popular Tron native token.
Global Macro Investor CEO Raoul Pal has placed an order to sell all of his gold to invest in BTC and ETH.
American billionaire and former hedge fund manager Stanley Druckenmiller believes that investing in Bitcoin will be more profitable than investing in gold.
During his speech on CNBC, Druckenmiller noted the stabilization of the cryptocurrency market and the noticeably reduced volatility of the first cryptocurrency. Now, according to Druckenmiller, investing in Bitcoin is not that much different from investing in gold.
MicroStrategy CEO Michael Saylor said his company will not sell BTC for 100 years as Bitcoin is the best way to store value.
In mid-August, MicroStrategy announced the purchase of 21,454 BTC for $ 250 million, becoming the first US public company to invest a significant portion of its reserves in this digital asset. In an interview with Real Vision CEO Raoul Pal, Sailor said the decision to invest the large sum in Bitcoin was made in conjunction with the firm's board of directors, investors, auditor and executives. Sailor clarified that he does not view Bitcoin as a market speculation or hedging tool. The company deliberately acquired this cryptocurrency to gradually introduce Bitcoin into the financial system.
In the monthly issue of the digest on the cryptocurrency market, Bloomberg analyst Mike McGlone said that within 5 years the Bitcoin rate could exceed $ 100,000.
American entrepreneur and author of the book "The Price of the Future" Jeff Boothhas called Bitcoin a must-have asset for investment in the current financial situation.
Jeff Boothhas writes that even before the COVID-19 pandemic, the combined public debt of all countries in the world was $ 250 trillion, with a total global annual GDP of $ 135 trillion. At the same time, $ 185 trillion of debt has been accumulated over the past 20 years. After the pandemic, the situation got worse.
According to the analytical portal Coinmetrics, the boom of decentralized financing projects also affects stablecoins - the capitalization of the stable cryptocurrency market is growing by about $ 100 million per day.
"Everyone got so excited about DeFi no one pointed out that stablecoins have been adding $100m/day since mid-July. DeFi yields/interest rates are clearly a vacuum sucking in a lot of stablecoins," Coinmetrics co-founder Nic Carter wrote on Twitter.Anthony Pompliano, a cryptocurrency enthusiast and co-founder of Morgan Creek Digital, said that Bitcoin's capitalization will exceed that of gold by 2030.
The founders of the Gemini cryptocurrency exchange Cameron and Tyler Winklevoss believe that Bitcoin is much more reliable than gold, because there are huge reserves of this metal on asteroids.
Popular trader Dave Portnoy interviewed the Bitcoin billionaires of the Winklevoss, in which they stated that Elon Musk will someday mine gold from asteroids, so it is better to invest in Bitcoins. The value of Bitcoin and gold is in the limited supply of these assets, but if gold is mined in space, then its price will collapse.