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Скачать или смотреть New German Chancellor Olaf Scholz Made A Serious Bitcoin And Crypto

  • Business News
  • 2021-11-25
  • 74
New German Chancellor Olaf Scholz Made A Serious Bitcoin And Crypto
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Bitcoin and cryptocurrency prices have rocketed over the last year, fueling a surge of interest in the digital asset space as traders and investors pile in. Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains’The bitcoin price is now trading at just under $60,000 up from under $20,000 this time last year—with bullish investors predicting the price of bitcoin, as well as the price of some smaller cryptocurrencies, will continue to climb. Ahead of the latest price surge—propelling the bitcoin and crypto market to around $3 trillion from lows of $150 billion in 2020—Germany's new chancellor Olaf Scholz warned over a "tulip"-style bubble developing in the crypto market—adding "the currency monopoly" must remain in the "hands of states."Sign up now for the free CryptoCodex—A daily newsletter for the crypto-curious. Helping you understand the world of bitcoin and crypto, every weekday"I would doubt whether [bitcoin and cryptocurrencies have] any prospects as a currency model," Scholz said in 2018, it was reported by Reuters and translated to English by Google. "The danger is high that it will become a tulip inflation," added Scholz, referring to the famous speculative tulip bubble that began in 17th century Amsterdam. Scholz, who is expected to lead efforts to transition Germany to a green economy, also warned over the energy-intensive way the decentralized bitcoin network is maintained. The bitcoin network is thought to consume almost 200 terawatt-hours of electricity annually, according to the University of Cambridge Bitcoin Electricity Consumption Index, comparable to the power consumption of Thailand. Earlier this month, Swedish authorities called on the European Union to ban energy-intensive bitcoin and crypto creation and network maintenance—a process known as mining. More recently, Scholz criticized Facebook’s plans to launch a bitcoin-inspired cryptocurrency, calling changes made by the social network to address regulator concerns "cosmetic.""I do not support private sector digital currencies," he said in November last year, going on to say: "We must do everything possible to make sure the currency monopoly remains in the hands of states."CryptoCodex—A free, daily newsletter for the crypto-curiousOther world leaders have also warned over growing bitcoin and cryptocurrency use. Last week, Hillary Clinton, the former U. S. presidential hopeful and secretary of state under president Barack Obama, said the rise of bitcoin and cryptocurrencies could undermine the U. S. dollar's reserve currency status.


All data is taken from the source: http://forbes.com
Article Link: https://www.forbes.com/sites/billybam...


#bitcoin #newsexpress #newstodayabc #newstodayoncnn #usanewstoday #newsworldwide #

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