1. PixelPlaygroundHome
  2. Metaverse Insights

Why is Bitcoin still trading (why is Bitcoin enduring)

• Metaverse Insights • 68 views

Why is Bitcoin still trading

Why is Bitcoin still trading? According to Bitcoin, why is Bitcoin still trading Because it is known as “digital gold”, it is one of the largest financial assets in the world. Its supply is as large as that of Fiat money around the world, but there are great differences: the role of traditional currencies such as the US dollar and RMB in value storage and transfer; The euro is the main means of payment for global trade, while the issuance of Japanese yen is very small If all these factors are attributed to blockchain technology, we can infer that Bitcoin is changing our lives – from commodities to the banking industry and people’s lifestyles – the most important of which is its decentralized nature

Why Bitcoin Lasts Forever

Editor’s Note: This article is from the vernacular blockchain (ID: hellobtc), authored by the Five Fireballs Cult, and reprinted by the Daily Planet with authorization Bitcoin prices have been rising since reaching a historic high at the end of 2017 and have now reached a skyrocketing price of nearly $40000. In the past decade, with the development of Cryptocurrency and the rise of mainstream financial markets, investors have begun to focus on gold, bonds and even other traditional asset categories. However, due to the lack of regulation and other factors, people are becoming increasingly concerned about the digital asset market, and now they are aware of their own problems. Why is Bitcoin so popular? We can view Bitcoin from the following perspectives:

1. The reason why Bitcoin is favored by everyone is because it has a wide range of uses; 2. It is currently one of the most valuable investments; 3. The “COVID-19 epidemic” has enabled many countries to see the opportunity of digitalization and invest in it as a means of payment; 4. When central banks around the world are considering issuing CBDCs, these countries are very optimistic about this alternative solution; 5. The market size of $1 trillion makes it a ‘global reserve currency’. All this is because people believe that BTC is a better Medium of exchange than the US dollar, rather than a more secure payment tool. If ownership is handed over to the central bank, ‘I won’t believe it will become better’ or ‘there’s no reason to persuade the government to hold or support them’, then this answer is not valid; 6. Although Bitcoin itself has many potential advantages, it cannot meet people’s needs. Therefore, although some experts predict that more institutions will enter in the future, in reality, no large institution has a reliable solution yet. So Bitcoin is not the only widely accepted type of encrypted asset, and it still has the potential to gain more recognition and greater usage space. In addition, Bitcoin has another major advantage – it is 1:1 anchored to fiat currency. In fact, even after the US Treasury announced sanctions against the cryptocurrency exchange Coinbase on November 13, 2018, Coinbase users still switched to Bitcoin. According to official sources, the ban will take effect at the end of December 2019. To prevent illegal activities, we take legal action. “Coindesk explained,” We need to comply with Article 17 (1) of the Federal Anti Money Laundering Act, which prohibits any individual from providing services in order to create liquidity for certain virtual goods and services. “Coinmarketcap data shows that since 2019, as of September this year, CoinMarketCap has collected over 400 types of tokenized securities. These include Bitcoin Futures ETF, Ethereum Index fund and Litecoin Trust Fund.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/21925/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/05/2023 04:37
Next 08/05/2023 04:59

Recommended articles