Bitcoin dominance dropped to 66% as Bitcoin saw $ 35,000 twice in the last three days. With this, records were observed in the percentage returns of some altcoins. The high volatility of bitcoin in recent days brings to mind the possibility that the altcoin rally is beginning.
IMF Survey Describes Bitcoin as "Money"
In a survey initiated by the International Monetary Fund, those who argued that Bitcoin is equivalent to money were predominant. Announcing the results of the survey, the IMF stated that Bitcoin and other altcoins are thought to be overwhelmingly monetary in nature.
Tresis Responds to Chief Economist Lagarde
In a statement earlier this week, European Central Bank President Christine Lagarde stated that Bitcoin is used for money laundering activities and that regulations are required. Tresis Chief Economist stated that the rise in crypto currencies has been supported by the aggressive policies of central banks and that the same crimes have been committed with current fiat currencies for years.
US Former Treasury Secretary Speaks About Bitcoin
Considered one of the best economists in the US, former Treasury Secretary Summers explained that whenever Bitcoin loses value, it moves much stronger, and the limited supply constantly increases interest. He argued that Bitcoin cannot be destroyed by governments by giving the internet example to questions about regulation and prohibitions.
US Stock Exchange Stops XRP Transactions
One of the largest stock exchanges in the USA announced that it will stop XRP transactions for its customers residing in the USA. Customers outside the US will be able to continue trading XRP without being affected by this situation.
Goldman Sachs Enters the Cryptocurrency Industry
Goldman Sachs, one of the leading banks in the USA, has started research to provide cryptocurrency custody services, according to the statements of an unnamed source. JP Morgan had done the same research before. Although the regulatory contents make investors nervous, banks are starting to serve the digital world.
Former Canadian Prime Minister Named Bitcoin as Reserve Currency
Harper, who served as the Prime Minister of Canada for 9 years, stated that Bitcoin could be an alternative reserve currency against the dollar. In the continuation of his statements, he stated that the only basket currency will be BTC.
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