![]() ![]() ![]() But is bitcoin as a store of value instead of bullion really possible?įirst of all we must remember that cryptocurrency works on a decentralized network: even its creator, hidden behind the pseudonym of Satoshi Nakamoto and who has not shown any sign of life for years, has not been able to change the rule that places a ceiling on the number of bitcoins.įor some cryptocurrency enthusiasts this is just that allows bitcoin to counteract traditional currencies, whose money supply is controlled by central banks, which flooded the markets with liquidity in the face of the 2007 crisis and the Covid shock. However, “on paper, the lack of foundations of real economy could make bitcoin a perfect safe haven in times of turmoil, “IG analyst Vincent Boy said in a statement. As the stock market indices stumble in January, bitcoin today collapses to $ 37,000: the value has fallen by almost 20% since the beginning of the year and by more than 45% from its all-time high reached just three months ago. AGI – The price of bitcoin plummeted in early 2022 in the wake of major tech groups, undermining the idea that cryptocurrency becomes a sort of ‘digital gold’, a safe haven against inflation like precious metals.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |