At the time of writing, the bitcoin appears to be stabilizing at the 10,000 level. More recently, BTC, with technical stocks, has lagged behind. The largest cryptocurrency in terms of market capitalization is trading on weekdays and is currently priced at 10,900 north. Market experts are working hard to study the movement of BTC to predict the race for its next bill.
With the Federal Reserve's plans to bulk print fiatby to provide support in COVID-19, it appears that the price of bitcoin could potentially face another skyrocket, as investors globally Seeing this as a hedge against inflation.
Twitter's Jack Dorsey: "Bitcoin is the best currency"
Jack Dorsey, CEO of Twitter and Square, spoke to Reuters on the topic of bitcoin. He said the bitcoin was "created on the Internet" and that it was probably the best digital currency ever created. Dorsey said:
"The Internet is something that works by consensus and is created by everyone, and anyone can change its course. Wikipedia has the same patterns, it was created on the Internet. can do.
Blockchain and technology alliance formed by Dorsey
Twitter's CEO has long been a bitcoin and blockchain advocate, and recently launched a "cryptocurrency open patent alliance" (COPA) through his payment company Square. The initiative was launched with the goal of empowering blockchain and corrupt companies in the tech sector and protecting them from patent-storing trolls.
Through COPA, all shared blockchain patents in the library are protected and accessible to alliance members to further innovate their blockchain projects.
Dorsey believes that bitcoin is the future
As shared by Forbes, Dorsey has supported the bitcoin on several occasions, claiming that the digital asset will become the world's only currency by 2030. He also said:
"I think the internet wants a local currency and I think the bitcoin is probably the best disclosure ever."
However, Square's CEO and founder acknowledged that there is still much work to be done in the bitcoin and cryptocurrency industries before they can be mainstream. Jack Dorsey insisted:
"We have to build the bitcoin in a way that is intuitive, it's so fast and it's so efficient that it exists today, and will go even further."
Yesterday, gold prices, along with bitcoins, also had interesting rallies, and they, along with officials from the Federal Open Market Committee (FOMC), announced that they would keep US interest rates close to zero. , Because that is the goal of the Federal Reserve so far. Keep inflation above 2% by 2023.
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