Amidst positive news about bitcoin; bull phase seemingly capturing the market we are getting all the positive news about the market especially bitcoin. Most of the people knowing something about bitcoin; are of the view that now the upwards journey has started.
In an interview to CNBC , Barry Silbert, Digital Currency Group claims that the bears have run out that means bulls are in to take the driving seat. Also he claims that several institutional investors are about to jump into the market to run a race with crypto bulls. I am also of the same opinion.
Please read in details about his interview:
https://www.ccn.com/bitcoin-price-has-finally-bottomed-digital-currency-group-founder-barry-silbert/ But I am sorry; presenting here extremely opposite views of another person
Fed Chair criticising cryptocurrecy stated that crypto is not a real currency. It has no intrinsic value.
Jerome Powell, said on Capitol Hill that “relatively unsophisticated investors see the asset go up in price, and they think: ‘This is great; I’ll buy this.’ In fact, there is no promise of that.”
“There are investor and consumer protection issues as well,” continued Powell, whose comments were recorded by CNBC, adding that cryptocurrencies should not be considered real currencies since they have no intrinsic value.
This statement just opposite to the first one; seems to be just clash of interest. Is not it?
https://www.ccn.com/bitcoin-not-a-real-currency-risky-for-unsophisticated-investors-fed-chair-powell/
