Friday, January 07, 2022 10:50:56 UTC
According to Goldman Sachs, Bitcoin has the potential to exceed the $100,000. This prediction comes as Bitcoin tumbles to $41,115 USD.
Goldman said this high in the future years could happen if investors increasingly perceive the top cryptocurrency as a store of value.
Bitcoin, according to Goldman Sachs, accounts for roughly 20% of the "store of value" market, which generally refers to assets like gold that hold their value without considerable depreciation.(More)
#coin #sq #pypl #mara #coinbaseglobalinc #coinbase #crypto #bitcoin #robinhood
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Wednesday, October 06, 2021 00:57:46 UTC
SEC Chairman Gary Gensler said that the U.S. will not ban cryptocurrencies, but will see that the industry is regulated.
Senate Banking Committee Chairman Mike Crapo (R-ID) said "If the United States were to decide - and I'm not saying that it should - if the United States were to decide we don't want cryptocurrency to happen in the United States and tried to ban it, I'm pretty confident we couldn't succeed in doing that because this is a global innovation."
Conversely, Federal Reserve Chairman Jerome Powell agrees with Gensler saying he has no intention of banning cryptos, but stablecoins need more regulatory oversight.(More)
U.S. WON'T BAN CRYPTO
Wednesday, October 06, 2021 00:57:46 UTC
SEC Chairman Gary Gensler said that the U.S. will not ban cryptocurrencies, but will see that the industry is regulated.
Senate Banking Committee Chairman Mike Crapo (R-ID) said "If the United States were to decide - and I'm not saying that it should - if the United States were to decide we don't want cryptocurrency to happen in the United States and tried to ban it, I'm pretty confident we couldn't succeed in doing that because this is a global innovation."
Conversely, Federal Reserve Chairman Jerome Powell agrees with Gensler saying he has no intention of banning cryptos, but stablecoins need more regulatory oversight.
#crypto #bitcoin #garygensle #jeromepowell #robinhood #federalreserve