MemberSeptember 22, 2021 at 6:42 am
But for all the hype, there’s little evidence that Bitcoin and its digital brethren are any closer to displacing fiat currencies. The use case — what you can actually buy with Bitcoin — remains flimsy. Instead, some critics argue, digital tokens have simply morphed into another asset class, similar to gold, and the sheen of institutional acceptance is simply proof that financial firms want to get in on the market for trading cryptocurrencies.
“The recent news regarding large corporations investing in BTC is helpful for sentiment and PR, but it is not something that most traditional investors will assign much value to,” said Meltem Demirors, chief strategy officer at CoinShares.
For many bystanders, some of the excitement this week elicited memories of the coin’s record run just a few years back, when super-hype took it to $20,000 and a subsequent crash popped all the champagne bubbles at industry parties within a matter of weeks. Still, some prominent investors have bought in and global central banks are starting to show smidgens of interest.
MemberSeptember 24, 2021 at 5:50 pm
From all this information on these posts, well I conclude that with cryptocurrency your capital is more exposed.
MemberSeptember 25, 2021 at 5:47 pm
My thoughts are same on this.