, a renowned trader and cryptocurrency analyst, expressed his skepticism over Bitcoin replacing the U.S. dollar.
Citing his life as U.S. dollar-centric, Brandt elucidated the significance of fiat currencies in his everyday dealings. According to him, cryptocurrencies hold value as a store of wealth and as trading vehicles, however, they do not serve the same purpose as traditional currencies. These comments were made in response to another tweet by a Twitter user, Pentoshi, who commented on the aversion that cryptocurrency enthusiasts show towards traditional markets and fiat currencies.According to Pentoshi, billionaires and millionaires all over the world comfortably use fiat currency daily, contrary to the notion that fiat is a financial 'prison'.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tim Draper Adjusts Timeframe for His $250K Bitcoin Price Forecast – Markets and Prices Bitcoin NewsVenture capitalist TimDraper is still optimistic that bitcoin will reach $250K but noted that it may take 'a little longer.' $BTC crypto cryptocurrency
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: ETH Nears $2,000, Ahead of US Independence Day – Market Updates Bitcoin NewsEthereum moved closer to $2,000 on Monday, as markets prepared for a short, but busy week of U.S. economic data.
Source: BTCTN - 🏆 531. / 51 Read more »
Nasdaq Resubmits Blackrock Spot Bitcoin ETF Application, Inks Agreement With Coinbase for Surveillance-Sharing – Bitcoin NewsAfter the filing was re-submitted, some market observers suggested the move could give Blackrock an advantage.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to Fresh 1-Year High Above $31,000 – Bitcoin NewsBitcoin moved back above the $31,000 level on July 4th, as U.S. traders celebrated the Independence Day holiday.
Source: BTCTN - 🏆 531. / 51 Read more »
Coinbase Shares Skyrocket Over 30% After Nasdaq and Cboe Amend Bitcoin ETF Applications – Bitcoin NewsCoinbase shares experienced a significant surge, rocketing over 30% this week as Nasdaq and Cboe refiled spot bitcoin ETF applications.
Source: BTCTN - 🏆 531. / 51 Read more »
China appoints bitcoin skeptic as top Communist Party official at its central bank: WSJChina’s ruling Communist Party has appointed bitcoin and crypto skeptic Pan Gongsheng as the top Party official of the People's Bank of China (PBOC).
Source: TheBlock__ - 🏆 464. / 53 Read more »