Konstantin Anissimov : "bitcoin is too big to fail "

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3 years ago

According to Konstantin Anissimov - who is presently in charge of one of the world's largest cryptocurrency exchange, which has done well in Europe and other territories, raised hoped when he said, Bitcoin has become " too big to fail" .

Bitcoin which was initially sold for $ 7,000 in the first few weeks of 2020. Despite fierce shooting of the currency turning it into a five-figure territory by the time February arrived. the coronavirus caused massive market drop causing stocks, gold and even bitcoin to stumble hard. The number one digital asset dropped to more than $ 6,000, falling below $ 4,000 for the first time in a long while. Anyway, at the time of writing, it's trading for more than $ 19,000 per unit. To say that bitcoin has returned would be an understatement. Bitcoin has changed and is no longer an ordinary asset. Instead many traders and enthusiasts see it as a barrier, something that can protect a person's economy during times of economic turmoil and inflation.
During an interview, Anissimov said as quoted;

"Personally, I would struggle to see even multiple reasons combined together [for bitcoin prices to fall to zero.] I don’t believe the argument that it’s worth nothing holds anymore. [It] is too big to fail and it’s not financed by debt."

He also pointed out that many institutional players are now paying more attention to bitcoin.
He termed bitcoin as an ecosystem that works.

Update: keep up the good work @MarcDeMesel @RogerVer

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