Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Both Powell and many other well-known figures in the crypto space maintain that Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. will eventually reach new all-time highs, but do not overlook that declines like the ones recently seen are part of that medium/long-term path.
- Powell hopes to buy a car Bugatti with a Bitcoin
- El Bugatti The most economical costs around USD $2 million
- Reiterates that he would never bet against digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value.
- He argues that the downturn and macroeconomic conditions were unexpected.
- There are many other figures who are waiting to see Bitcoin at new highs
The co-founder and CEO of the international exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Squatting, Jesse Powell, indicated this week that he remains among the optimistic backers of Bitcoin, so I would never bet against digital currency.
Powell’s statements came to place during an interview for the programBloomberg Crypto, sponsored by the news agency Bloomberg, which is specially dedicated to topics associated with the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. ecosystem.
Powell sigue firme con Bitcoin
When one of the participants asked Powell about his outlook for the price of oil. Bitcoin, He noted that the events of the past few months were completely unexpected, but that he still remains optimistic about the digital currency, adding:
“ I didn’t expect all this craziness in the macro environment. However, I’m still hopeful that I’ll be able to buy a Bugatti later this year for a Bitcoin, but I wouldn’t hold out my hopes. Would you want to pay for gas a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. for such a car right now? I’m still very optimistic. I bought Bitcoin back at USD $18,000; so I’m happy to ride it all the way back. I’m still very bullish on the long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term. The fundamentals continue to improve. So, I would never bet against Bitcoin. “
Although the CEO of Kraken didn’t say exactly how much he aspired to see an Bitcoin, the truth is that according to the car manufacturer’s website Bugatti, the most economical model of the line, the Veyron, has an estimated cost of about USD $2 million, so estimates perhaps pointed that the digital currency could oscillate around that value in the medium / long term.
A Bitcoin over USD $500,000?
Powell’s remarks add to the long list of investors and enthusiasts who argue that Bitcoin will reach new all-time highs going forward, which have reiterated this stance despite the digital currency losing around 60% of its recorded price in November 2021 following the market an area or arena, online or offline, in which commercial dealings are conducted. crash.
Under this narrative, people like Michael Saylor, Anthony Scaramucci, Cathie Wood, Nayib Bukele, Mike Novogratz, and many others reaffirm their stance of Bitcoin at least above USD $500,000 sometime in the next few years. The reading is based on the properties of digital currency highlighting its controlled issuance, limited supply, scarcity as adoption increases, the possibility of storing and transferring value, easy access through authorized platforms and many others.
Faced with the current scenario, several of the aforementioned people have reiterated that this is a career designed for the long term, so it is expected to see fluctuations such as those experienced in recent months, and that precisely the macroeconomic situation reinforces the value of digital currency as a financial proposal, surpassing even gold in technological and stock market aspects.
- “The Merge impulsará a Ethereum a decentralized open-source blockchain with smart contracts functionality. tanto como un Halving an event in which the total rewards per confirmed block halves. lo hace con Bitcoin”, asegura Arthur Hayes
- EU banks with Bitcoin exposure could face tough new requirements
- Bitcoin fell to the 14th largest asset capitalization in the world
Article by Angel Di Matteo / DiarioBitcoin
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