Opinion ECHO: Bitcoin is dead, long live Bitcoin – Axtschmiede
Opinion ECHO: Bitcoin is dead, long live Bitcoin
Cardano head Charles Hoskinson spits persistence slogans for insecure Bitcoin Hodler: The BTC will crack $ 100,000 because the crypto-revolution is unstoppable. Meanwhile, the PayPal boss comments on the withdrawal of his company from Facebook’s Libra project. The latter is also causing concern for the head of the Japanese central bank — but a Japanese CBDC is not planned for the time being. The opinion ECHO
Charles Hoskinson reached deep into the Hopium Pot and addressed placating words to worried Hodler. The boss of IOHK, the company behind the cryptocurrency Cardano, sees no reason to abandon the Bitcoin revolution in the recent price crash. A bitcoin price of $ 100,000 is only a matter of time.
The Bitcoin price is on the decline? Do not forget that after the end of the FUD, the news trade and manipulation, we still have a global movement that will change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future
Hoskinson appears confident.
Alex Kruger: Governments could shorten Bitcoin to death
Not everyone shares Hoskinson’s unconditional optimism. Price analyst Alex Kruger points out, for example, that governments could get involved in the market if they find decentralized activity too colorful:
Governments could easily stop Bitcoin. How? By just shortening it. Keep it below US $ 1,000 in the long run and watch as most people lose interest permanently. You do not have to make a 51 percent attack,
Kruger estimates .
PayPal boss comments on Libra exit
Bitcoin, Opinion ECHO: Bitcoin is dead, long live Bitcoin
Also the CEO of the payment service provider PayPal counts Bitcoin to his portfolio — as only cryptocurrency. That told Dan Schulmann the news portal Fortune. The focus of the interview, however, was less Bitcoin than PayPal’s withdrawal from Libra, the crypto project from Facebook. After that, Libra first listened promising. Especially the focus on the financial inclusion of people with limited access to financial services has excited PayPal, explains Schulman. However, it soon became apparent that there are still many hurdles to be overcome before the vision of the “Facebook Coins” can be put into practice.
As we learned more about Libra and saw the number of things that needed to be done, and the number of things we needed to do on our own roadmap away from Libra, we said, “You know, we’ll think when we do focus on our own roadmap, we could advance financial inclusion faster than if we were to use all those resources for Libra, “
Shhulnab to Fortune.
Bank of Japan: (Still) no concrete plans for CBDC
The hurdles that Libra still has to overcome before it can enter the market are primarily of a regulatory nature. After all, as many financial supervisors feared, Libra could become a long-term competitor to the euro, the US dollar and other national currencies. A circumstance that drives central bankers worldwide worries about the worries.
Also in Japan they heard the wake-up call from Libra. However, the Japanese central bank, Bank of Japan (BoJ), does not intend to launch a digital version of the yen for the time being. The news agency Reuters reported, citing Haruhiko Kuroda, director general of the PoJ. Kuruda sees as skeptical that companies start to develop their own currencies as his international colleagues:
If stable coins are spent worldwide and are supported by companies with a huge customer base, this could have an impact on monetary policy and the stability of the financial system,
warns Kuroda.
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Published at Mon, 25 Nov 2019 12:46:47 +0000
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