US dollar-pegged Stablecoins have become commoditized, diminishing the need for individual price tickers from the viewpoint of crypto users. Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a “USD” option to the user, according to Mert Mumtaz, CEO of remote procedure…
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Trump praised Bitcoin and cryptocurrencies in a Friday press conference and said Bitcoin may help relieve pressure on the US dollar. United States President Donald Trump recently touted the positive impacts of Bitcoin on the US economy, including relieving “pressure” from the US dollar during Friday’s White House press conference. The President said that he is a fan…
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Goldman Sachs CEO David Solomon called the original cryptocurrency an “interesting speculative asset.” Goldman Sachs CEO David Solomon doesn’t view Bitcoin as a danger to the US dollar and sees its fundamentals as valuable for banks. “I do not think Bitcoin is a threat to the US dollar,” Solomon said in a Jan. 22 interview with CNBC…
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If Bitcoin matures as a store-of-value asset and governments continue to debase their fiat currencies, its price will surge well into six-figure territory, predicts Bitwise chief investment officer Matt Hougan. Growing investment in “store-of-value” assets and continued fiat currency devaluation could propel the price of Bitcoin to six figures without the need for the US…
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Central issues: The countries of the BRICS are looking into creating a new currency that could revolutionize the global financial system and replace the US dollar. The currency could be backed by a variety of things, like gold and soil or rare earth elements. BRICS countries, which are composed of Brazil, Russia, India, China,…
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