Ryan Selkis, founder and CEO of Messari, a cryptocurrency market intelligence firm, has called out “Pharma Bro” Martin Shkreli for supposedly acting with federal agencies to hurt Donald Trump’s campaign. Shkreli, allegedly the creator of DJT, disregarded this notion, calling out Selkis for “watching too many movies.” Messari’s Ryan Selkis Accuses Martin Shkreli of Organizing […]
Bitcoin News
Investment Analyst Warns Successful BRICS Currency Could Hurt US Living Standards
Investment analyst Jon Wolfenbarger has warned that a successful BRICS currency could hurt U.S. living standards and “lead to less power for the U.S. government, similar to the weakening of the UK after World War II.” He stressed: “Due to the Russia-Ukraine war and China’s continued economic growth, the BRICS are accelerating plans to take power from the U.S.”
Impact of BRICS Currency on US Dollar and American Living Standards
Investment analyst Jon Wolfenbarger, CFA, published a blog post titled “Will a New BRICS Currency Change Anything? Maybe” on Mises Institute’s website last week. Wolfenbarger is the CEO and founder of Bull And Bear Profits, an investment website. He has more than 30 years of experience in the investment industry, having worked for over 22 years as a securities analyst at Allianz Global Investors and as an investment banker at Merrill Lynch and JPMorgan.
Commenting on de-dollarization efforts by the BRICS nations (Brazil, Russia, India, China, and South Africa), he said:
Due to the Russia-Ukraine war and China’s continued economic growth, the BRICS are accelerating plans to take power from the U.S.
He mentioned several BRICS initiatives, including the New Development Bank for infrastructure lending, a Contingent Reserve Arrangement to protect against foreign exchange pressures, and a payment system as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
Moreover, Wolfenbarger detailed that the BRICS nations are also working on a reserve asset based on a basket of the member countries’ currencies to compete with the International Monetary Fund’s (IMF) special drawing rights (SDR).
Commenting on whether the U.S. dollar will be dethroned, the investment analyst detailed: “The BRICS countries are unlikely to seriously challenge the king dollar if their only tool is just another fiat currency they can create out of thin air.” He stressed:
The BRICS will have a much better chance if they create a hard currency backed by gold or other commodities like oil.
“The U.S. has the largest and safest government bond market, no capital controls, and a reputation for enforcing the rule of law. By contrast, the BRICS countries are hardly known for respecting laws or having strong currencies,” Wolfenbarger opined. “Of course, their competition with the dollar would ultimately end in failure, as Bretton Woods did, if the BRICS countries continue to create money out of thin air to finance their warfare and welfare spending.”
Regarding the economic and political impact of a BRICS currency on the U.S. and the USD, the former JPMorgan investment banker noted:
If the BRICS are successful and the U.S. does not change its policies to focus on a stronger dollar, less spending, and peace instead of war, it is possible the dollar will slowly lose its ‘reserve currency’ status.
“This would hurt U.S. living standards and lead to less power for the U.S. government, similar to the weakening of the UK after World War II. All empires in history have failed, and the U.S. will not likely be an exception — if the BRICS can create a successful hard currency to compete with the dollar,” he opined.
Many people agree that a successful BRICS currency could erode the U.S. dollar’s dominance, including a former White House economist. The BRICS economic bloc is gaining more influence globally; 19 countries have applied to join or have expressed interest in joining. A Swedish university professor said last week that Saudi Arabia joining the BRICS group would accelerate the Chinese yuan’s use as a trading currency.
Do you agree with investment analyst Jon Wolfenbarger about the potential impact of a successful BRICS currency? Let us know in the comments section below.
US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony
U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions “judiciously,” as they can create a desire to find alternatives to the U.S. dollar.
U.S. Treasury Secretary Yellen Talks Dangers of Dollar Weaponization
Janet Yellen, Treasury Secretary of the United States, has referred to the possible effects that continued use of sanctions could exert on the hegemony of the U.S. dollar in international markets. In an interview reviewed by Reuters, Yelled acknowledged that such a danger does exist in the long term.
On the issue, she stated:
So, there is a risk when we use financial sanctions that are linked to the role of the dollar, that over time it could undermine the hegemony of the dollar, as you said. But this is an extremely important tool we try to use judiciously.
Yellen recognizes that such sanctions push countries like China and Russia to seek alternatives to the U.S. dollar, in order to conduct trades even when affected by these sanctions. However, she also explained that this is no easy task due to the unique traits of the dollar. Yellen expanded on this, declaring:
We haven’t seen any other country that has the basic infrastructure – institutional infrastructure – that would enable its currency to serve the world like this.
This is the same conclusion that a report from the Bank of Russia, titled “Review of the Russian Financial Sector and Financial Instruments” reached, stating that substituting the U.S. dollar will be difficult due to the current structure of foreign trade.
Sanctioned Countries Seek Alternatives
Even with all the difficulties, countries with individuals and entities sanctioned by the Office of Foreign Asset Control (OFAC) like China, Russia, and Iran, are starting to develop integration policies that allow them to conduct trade away from the U.S. dollar.
China and Russia have already started to conduct settlement transactions using the Chinese yuan, leveraging specially designated banks as clearing entities to facilitate these payments. In his recent visit to China, Brazilian President Luiz Inacio ‘Lula’ da Silva called for developing nations to abandon the U.S. dollar and for BRICS to establish a new currency.
The insurance of a BRICS currency will be debated at the next BRICS summit, which will be held in South Africa in August, according to statements from a Russian State Duma official. Russia and Iran are also finalizing an agreement to deepen their trade collaboration, avoiding the crippling sanctions that the U.S. has enacted against them.
What do you think about U.S. Treasury Secretary Yellen’s stance on sanctions and the future of the U.S. dollar? Tell us in the comment section below.
Why EOS Downward Trajectory In Last 30 Days May Not Hurt Its Coin
Since its all-time high on August 22, EOS has been steadily declining. The crypto market had crashed from March to June, but has since recovered. The market crisis has a lingering impact on modern investing.
Coingecko reports that the token’s value has increased by 0.2% in the last 24 hours. Even on shorter time intervals, like the week or the biweek, the currency rose in value.
Nonetheless, these changes have done little to slow the downward trend. Investors and traders in EOS, though, may have reason to be optimistic.
The Stress Of September
As this is being written, EOS is being propped up by the .0055 area, which has slowed its decline since last month. The current price movement of the token is being influenced by the ongoing downturn.
The right side of the right triangle acts as a liquidity pool, and this is reflected in the coin’s price action as a XABCD harmonic pattern. As investors and traders buy the dip, demand is introduced, and the trend may turn bullish as a result.
Chart: TradingView
Meanwhile, the technicals also appear to be lacking. The CMF is currently negative, indicating that bears are in control of the market. This provides an undeniably formidable counterbalance to the potential bullish movement.
Immediate resistance at the 61.80 Fibonacci retracement level will be a challenging barrier to overcome.
Not Looking Good?
EOS’s predicament does not bode favorably for the alternative cryptocurrency. However, investors and traders can leverage a rising RSI, which indicates increased investor optimism.
Chaikin’s money flow index indicates that the token is gaining ground. The bears were rejected at the .9422 price range, which fits with the emerging upswing.
As of the time of writing, the Stoch RSI is on the overbought side of the indicator, indicating that the developing rally will be met by a market correction.
The EOS token is an excellent investment for traders and investors seeking to diversify their portfolios. Just last month, the cryptocurrency exchange PayBito added EOS to its list of tradable tokens, expanding EOS’s reach.
Investors should also be aware of the impact of macroeconomic conditions on EOS prices. The correlation between EOS and Bitcoin is 0.77, indicating a significant effect on EOS price fluctuations.
EOS total market cap at .15 billion on the daily chart | Featured image from Investment U, Chart: TradingView.com
Disclaimer: The analysis is based on the author’s personal knowledge and should not be construed as investment advice.
NewsBTC
Why “Rosy” Earnings Estimates Might Hurt Bitcoin As Price Struggles At $20,000
Bitcoin continues to lose momentum on low timeframes, as bulls were unable to follow through on yesterday’s upside impulse. The cryptocurrency was rejected around the mid-area of its current levels and might be bound for a fresh re-test of local support.
At the time of writing, Bitcoin price trades at ,000 with a 1% loss and a 3% profit in the last 24 hours and 7 days, respectively. Despite its negative price performance, BTC remains relatively strong when compared with other cryptocurrencies in the top 10 by market cap.
BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview
Bitcoin At Record Correlation With Gold And Equities In 2022
Data from Kraken Intelligence shows that Bitcoin has been increasing its correlation with risk-on assets, and with other traditional assets in the legacy financial market. This phenomenon has been common across 2022, as global markets move in tandem reacting to the U.S. Federal Reserve (Fed).
The financial institution has been trying to slow down inflation in the U.S. dollar by hiking interest rates. This has brought negative consequences across all assets class.
As seen in the charts below, the price of Bitcoin saw a decline in its correlation with major equities indexes, the Nasdaq 100 and S&P 500. In the past months, this correlation stood at its low below 0.5 but is re-approaching high correlation levels at around 0.8 and 0.74, respectively.
Something similar is happening with Gold and U.S. Treasuries. Unlike stocks, Bitcoin has been less correlated to the precious metal and U.S. Treasuries, but that appears to be changing in light of the increase in economic uncertainty.
Source: Kraken Intelligence
Earnings Seasons Might Cap Bitcoin Bullish Momentum
This data suggest that Bitcoin might be more and more susceptible to events related to stock and major indices. Jurrien Timmer, Director of Macro for Investment firm Fidelity, believes the upcoming earnings season might bring hurdles for traditional assets.
Timmer supports his theory on the recent rally in the U.S. Dollar, as measured by the DXY Index. This tool allows market participants to get a sense of the strength of the dollar compared mostly to the Japanese Yen, the British pound, and the Euro.
We see the same disconnect in the chart below, when comparing the dollar’s rate of change to the expected EPS growth rate (NTM divided by LTM). Estimates should be coming down faster, it seems. /4 pic.twitter.com/G49jAMu0Y0
— Jurrien Timmer (@TimmerFidelity) October 6, 2022
The higher the DXY Index, the weaker these other currencies, and other risk-on assets by extension, such as Bitcoin. Timmer claims that 40% of the S&P revenue comes from abroad which could lead to a noticeable negative impact on profit margins and U.S. companies’ earnings. The expert wrote:
Expectations are for revenue growth to fall to 4% and stay there. Given that the DXY’s rate of change is +19%, that seems too high. So, based on the dollar and market breadth, we might get some negative earnings surprises.
Dogecoin Core Developer Bids Adios To The Project – Will This Hurt DOGE?
Ross Nicoll, a Dogecoin core developer, has announced his intention to back away from the meme-based cryptocurrency.
His justifications? The coin-making process was too stressful for him, and he has no desire to be associated with a potential conflict of interest in the job.
Dogecoin fell nearly 4% to .14 shortly after the news.
For the uninformed, the Dogecoin Foundation is a not-for-profit organization dedicated to the growth of the meme coin.
The foundation was re-formed in August after being created in 2014 but became inactive over time.
Vitalik Buterin, co-founder of Ethereum, is a consultant at DF.
Goodbye, Dogecoin Core Developer Role
Nicoll stated in a blog post Thursday that he is “stepping away” from Dogecoin for a variety of reasons.
Most notably, the stress is unbearable and he said he needs “to take a break to focus on myself for a period.”
Nicoll stated in a LinkedIn message to CoinDesk that his resignation is “neither definitive or instantaneous.”
“I want to be clear that this is a role change, and there will be a transition time. I’m not suddenly gone,” he pointed out.
Related Reading | Litecoin Creator Praises Dogecoin, Can The Token Get Its Bark Back?
DOGE total market cap at .76 billion in the daily chart | Source: TradingView.com
Dogecoin Price Sluggish
At the time of publication, DOGE was trading lower alongside other major coins, as the global cryptocurrency market cap plunged 5.5% to .86 trillion.
Just a few weeks ago, Dogecoin co-founder Billy Markus pleaded with followers to “be calm” as the cryptocurrency has struggled to gain traction since last month.
Markus urged members of the DOGE community in a tweet against being “toxic, crazy, and attacky,” since this may undermine the brand.
Friday saw a decline in the value of risk assets as geopolitical tensions resurfaced and investors braced for upcoming interest rate hikes.
United States President Joe Biden is likely to announce an executive order next week on the regulation of cryptocurrencies, which impacted mood as well.
Related Reading | Tesla To Accept Dogecoin For Merchandise, Token Soars 30%
The Musk Factor
Dogecoin’s success is inextricably linked to Tesla CEO Elon Musk’s enthusiasm for it.
The billionaire first mentioned Dogecoin on Twitter in early 2021, sharing a Lion King DOGE meme.
This sparked a frenzied DOGE rise — punctuated by temporary drops — culminating in Musk’s appearance on Saturday Night Live.
DOGE collapsed following Musk’s SNL performance, despite his vows to push its price up.
Musk appeared to lose interest in the ensuing months, and the price of DOGE has fallen more than 70% from its all-time high.
Musk, though, retains control of Dogecoin, as rare tweets reveal.
Protecting DOGE
Nicoll has been doing his darnedest to defend Dogecoin against trademark registrations by unaffiliated parties.
Dogecoin’s evolution is in the hands of its “co-creators,” he said, “in a way that I do not have the mindset for.”
Featured image from , chart from TradingView.com
NewsBTC
Key Reasons Why This Latest Selloff Hasn’t Hurt Bitcoin’s Bull Case
Bitcoin saw a notable selloff today that struck a heavy blow to the cryptocurrency’s technical outlook.
This decline sent it down to its range lows of ,100 that have been tested on multiple occasions throughout the past few weeks. This level has continued acting as strong support for the benchmark digital asset.
Analysts are now noting that the reaction BTC continues posting as it trades just a few percent above this level should offer significant insight into its near-term trend.
Despite its overt weakness, one trader is pointing to a few key reasons for why he doesn’t believe that this latest movement invalidated the cryptocurrency’s mid-term outlook, mainly referencing the strength of the support just below its current price.
As such, he believes that Bitcoin will continue trading sideways in the near-term, likely ranging between ,100 and ,000.
Bitcoin Sees Sharp Selloff as Bears Gain Control Over Its Short-Term Trend
At the time of writing, Bitcoin is trading down just under 5% at its current price of ,370. This marks a notable decline from its daily highs of ,200 that were set yesterday.
Despite the resistance at ,000, Bitcoin was able to break above this level and close its daily candle above it. That being said, the selling pressure proved to be too much for buyers to handle, as it was quickly followed by a sharp selloff.
Analysts are now noting that where the market trends in the near-term will depend largely on whether or not Bitcoin can continue defending its range lows at ,100 – which were tapped for a brief second earlier today.
The reaction to this level was potent, as Bitcoin nearly instantly exploded back up towards ,400. It has been ranging sideways ever since.
It is now imperative that bulls surmount the slight resistance that exists around ,600, as a break above this level could lead it up towards ,000.
Analyst: BTC Likely to Range Sideways in Coming Weeks
While speaking about this latest dip, one analyst explained that he does not believe this marks a trend-defining movement.
Although he advises that investors take profits on the way up, he notes that the strong support around ,000 is likely to spark a bout of range-bound trading.
“It’s just one of those dropdowns. There’s a few very important reasons; – Continue to have liquidity to buy the dips. – Take profits on the way up, so you don’t give back to the market. Continuation of the ranging, likely.”
Image Courtesy of Crypto Michael. Chart via TradingView.
Unless this support is lost in the near-term, Bitcoin may be able to stabilize and even garner some greater momentum in the near-term.
Featured image from Shutterstock. Charts from TradingView.
XRP Risks Plunge as New Lawsuit, Massive Sell-off Hurt Market Sentiment
Ripple’s native token XRP is facing serious risks of plunging as a string of negative fundamentals attacks buying sentiment.
A Puerto Rico-based firm has filed a lawsuit against Ripple and its CEO, alleging security frauds. Meanwhile, disgruntled co-founder Jed McCaleb is reportedly dumping 400,000 XRP units every month.
The XRP/USD exchange rate is holding its yearly gains for now.
XRP, the native cryptocurrency of the fourth-largest blockchain project, Ripple, is facing a difficult task as it ventures further into an economically-battered 2020.
The challenge is to attract new buyers and keep hold onto the existing ones against the risks of capital outflow. XRP is standing in the middle of three very pessimistic market events, all adding massive selling pressure on its market.
The Bearish Trio
It begins with a little-known Puerto Rico firm, dubbed as Bitcoin Manipulation Abatement, LLC, that has sued Ripple and its chief executive Brad Garlinghouse over the unlawful sale of XRP worth .1 billion. The lawsuit comes atop another class action from XRP investors, claiming damages over Ripple’s failure to register XRP as security with the U.S. regulator.
Adding its 120-degree to the XRP’s ‘Troubling Pie’ is Jed McCaleb, the disgruntled founder of Ripple Labs, the San Francisco-based firm behind the creation of the Ripple blockchain.
McCaleb, who now runs a competing blockchain project, Stellar, dumped over 54 million XRP tokens (~.8 million) in April 2020, according to on-chain analysis. The study also noted that McCaleb sells about 400,000 XRP tokens every month. He has been on it since 2014.
Source: Whale Alert
The last and the third problem is Ripple Labs itself. The firm paid .6 million worth of XRP to its partner MoneyGram to use its RippleNet solution. MoneyGram does not hold those tokens but sell them right away as a measure to protect them from its price volatility.
Ripple Labs has more partners like MoneyGram, and each one of them receives the Ripple tokens to use its payment solutions.
That XRP Downside Risk
The institutional sell-offs in the XRP market has already scared small investors away, according to the firm’s very-own first-quarter financial report. The filing noted that Ripple experienced an 87 percent drop in XRP sales. It sold .75 million worth of XRP in Q1/2020, which is way down than its Q4/2019’s deals worth .08 million.
The Ripple token sales go down | Source: Ripple, Messari
The reduced sale record in Q1/2020 and its emotional impact on Q2/2020 failed to impact Ripple’s spot market. Barring the Coronavirus-induced sell-off on March 12 that practically affected every global asset, the XRP/USD pair managed to post gains on a year-to-date timeframe.
Data on Messari showed that Ripple was trading 12.08 percent higher YTD-wise. Nevertheless, its gains were lesser than the ones its rivals logged. Bitcoin, for instance, was up 22 percent while Chainlink etched 105 percent returns for its investors.
Fundamentally, Ripple could suffer from a lack of interest among buyers heading into Q2. Meanwhile, a drop in the bitcoin price could bring some short-term relief to the token.
Photo by Bill Oxford on Unsplash
NewsBTC
Why a Hedge Fund’s Attempt to Usurp Twitter CEO Jack Dorsey Could Hurt Crypto
Yesterday, it was revealed that an activist hedge fund has intentions to remove Twitter’s CEO, Jack Dorsey. Crypto, interestingly enough, could be negatively affected by this move.
Hedge Fund Seeks To Oust Twitter CEO, Jack Dorsey
While Jack Dorsey has made his love for Bitcoin and crypto a big part of his personal brand over the past few months, he is first and foremost the chief executive of both social media platform Twitter and leading fintech firm Square.
Dorsey’s leadership position at Twitter may soon end — if a hedge fund has its way that is.
According to a Bloomberg report citing “people familiar with the matter,” the pro-crypto executive may soon be replaced because of Elliot Management Corp, an activist hedge fund, taking a sizable stake in Twitter.
The sources explained that this stake allows Elliot to nominate some of its people onto the board of directors, potentially giving them the capacity to move to replace Twitter’s incumbent CEO, which some have criticized in the past for simultaneously operating two companies.
May Harm Crypto & Bitcoin
As crazy as this may sound, this move could hurt Bitcoin’s and crypto’s prospects moving forward.
BTSE’s marketing director Lina Seiche shared the below headlines on Saturday, showing that Elliot Management in 2018 described crypto assets as “one of the most brilliant scams in history.”
Uh oh pic.twitter.com/sx9DIogHgC
— Lina Seiche (@LinaSeiche) February 29, 2020
Indeed, as Business Insider reported on the matter, the fund told clients in a letter that “cryptocurrencies are nothing except the marketing power of inventors, financiers and others who love the idea of buying a black box.” They went on to bash crypto assets as not just a bubble” and “not just a fraud,” marking one of the most “brutal takedowns” of Bitcoin and its ilk from a Wall Street company.
This is relevant to the potential removal of Dorsey from the office of Twitter’s CEO as the company has seemingly shown intent on implementing features that may revolve around Bitcoin.
If Elliot Management, with its anti-crypto skew, manages to put someone else in the seat that Dorsey currently resides in, Twitter’s potential attempts at integrating crypto will likely be canceled.
Dorsey Still Entrenched At Square
While Dorsey’s position at Twitter is at risk, he seems to be perfectly entrenched as the CEO of Square, which just posted an “upbeat earnings forecast,” as MarketWatch put it.
This is important because crypto, due to Dorsey’s support of the cryptocurrency and the surrounding ecosystem, has become core to Square’s operations; 50% of the company’s revenues (though only 2% or so of its profits) were derived from the sale of BTC through Square’s Cash App.
Also, the fintech company has its own crypto division, which just recently released its first product: The Lightning Development Kit that should make using the Lightning Network, a Bitcoin scaling solution, that much easier.
Featured Image from Shutterstock
NewsBTC
Bitcoin Investors Prefer To Speculate, Would it Hurt Merchant Adoption?
While major retailers have become increasingly receptive towards Bitcoin as a payment method, research from Chainalysis Inc shows that just over 1% of transactions relate to merchants, whereas speculation makes up the dominant use for Bitcoin. However, the idea behind BTC always related to parties transacting without an intermediary, and never as an investment. With that in mind, has BTC become a parody of itself?
Hodling Bitcoin Will Lead To Network Failure
According to Chainalysis Inc, in the first four months of this year, only 1.3% of BTC transactions related to merchants. And despite on-going infrastructure development over the past two years, the proportion of merchant related transactions has remained consistently low during this period.
The data shows the most extensive use relates to speculation via exchanges. And much like merchant transactions, this has also remained at a consistent level over the past two years. On analyzing the data, Kim Grauer, senior economist at Chainalysis Inc said:
“Bitcoin economic activity continues to be dominated by exchange trading. This suggests Bitcoin’s top use case remains speculative, and the mainstream use of BTC for everyday purchases is not yet a reality.”
And so, as things stand, there is a belief that BTC is too valuable to spend. Which, if taken to the extreme, creates a paradox within the Bitcoin ecosystem that will lead to its eventual demise. A Twitter user explained it as:
“If people do not use Bitcoin, there will be no transactions, with no transactions there would be no need for miners, without miners the blockchain will not function…”
No-one Wants To Spend Bitcoin
The issue of investment versus spending is further compounded by the tale of Laszlo Hanyecz, who paid 10,000 Bitcoin for pizza almost a decade ago. While he draws acclaim as a Bitcoin pioneer, his story is tinged with anguish over what could have been. And nobody wants to be the next Hanyecz.
every time when I think I am failed… I remember that story and it makes me feel not that bad…
— Sophie (@Sophielorennn) May 22, 2019
But, when Satoshi Nakamoto published his whitepaper for Bitcoin, the cypherpunk philosophy underlying the project was about rebelling against the system. And using technology to liberate people from the status quo.
However, in the present, BTC has become a beacon for investors hoping to get rich in fiat. The very thing Nakamoto expected to free us from. More than that, its perceived value has investors thinking in scarcity. And hoarding becomes the order of the day, which makes little sense considering how easy it is to obtain.
Balanced Approach To Managing Bitcoin
Instead, a more balanced approach to managing Bitcoin would ensure longevity of the network. This involves treating BTC as you would fiat. By hodling some and spending some. One Reddit user wrote:
“The point is that bitcoin would not have any value if everyone refused to spend their bitcoins. The only reason bitcoin has any current and future value is because people currently use it, and because it is expected that this usage will increase in the future. If you don’t want to use bitcoin, that’s fine, that’s everyone’s right, you can just let others spend theirs, but at least realize that all your expectations for future price is dependent on other people spending their bitcoins as intended.”
HODL is a Lambo motto, using Bitcoin is freedom incarnate. I'm not saying DONT HODL, I'm saying use it more then you hoard it… What good is your local coffee store accepting BTC if no one spends it?
— Kenn ₿rosak (@KennETHbosak) March 26, 2019
And so, Bitcoin was conceived as a payment system. But as a first generation blockchain, it lacks the qualities that make it a competitive payment system. However, that’s not to say scalability and speed concerns cannot be overcome in the future. All the same, what BTC has become is an affront to Nakamoto’s vision. Is it too late to go back?
The post Bitcoin Investors Prefer To Speculate, Would it Hurt Merchant Adoption? appeared first on NewsBTC.