2021-5-1 12:53 |
There are legitimate reasons to suspect BitClout. Nevertheless, this article exists because there’s also a case to be made in its favor. This thing is backed by some of the biggest names in the crypto-industry.
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China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.
The Federal Reserve chairman believes that cryptocurrencies are “really vehicles for speculation” and “No one is using them for payments. ” He then compared crypto to gold. His comments about cryptocurrency followed Coinbase’s direct listing on Nasdaq.
Bank of America sees no good reason to own bitcoin other than “sheer price appreciation. ” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.
Just recently, news.Bitcoin.com talked to a number of individuals and asked them to let us know what they think the price of bitcoin and gold will be by the year’s end. Rather than leveraging the typical predictions from experts, executives, and crypto luminaries, the post delves into the perspective of average people and what they […] The post Year-End Gold and Bitcoin Price Predictions from Regular Everyday People appeared first on Bitcoin News.
Albeit the current Bitcoin price is nothing to be overly excited about, the industry is far from dead. In fact, the Bitcoin futures market is seemingly only getting started. It still remains unclear if Bitcoin futures are beneficial to the cryptocurrency industry.
Chinese state-backed media are warning investors to remain rational amid a spike in interest in crypto companies.