US Central Bank Governor Powell has commented that Bitcoin is "too volatile to be money" and is "more similar to gold than money". Stating Bitcoin is not a useful option as a store of value Powell has once again demonstrated his negative attitude towards Bitcoin.
India May Ban Cryptocurrency Exchanges
A recent report published in India claims that the government is considering taking measures to block cryptocurrency exchanges. Although the government has recently stated that it will not completely ban cryptocurrencies, a restriction on exchanges may be more negative for users.
Corporate Demand Declines while Purchases Are Still High
According to the digital asset manager Coinshares, the corporate demand in the US has declined slightly while the demand for European and Canadian funds is still high. After the strong Ethereum purchases in February, the most demand was on the Bitcoin side in March.
Companies Should Buy BTC says Scaramucci
Scaramucci, a former white house employee, has said that more companies should have Bitcoin on their balance sheets due to the high increase in dollar supply. SkyBridge of which he is the founder, currently owns more than $600 million in Bitcoin.
Another Bitcoin ETF Application Filed to SEC
New York based investment company, SkyBridge Capital has applied to the US Securities and Exchange Commission (SEC) to set up a Bitcoin investment fund (ETF). Thus, there are currently at least 5 Bitcoin ETF applications pending approval by the SEC.
Bitcoin Searches on Google Set a Record Again
With the political developments and the depreciation of the Turkish lira, Bitcoin searches made on google has shown a 566% increase in Turkey in the last 24 hours. As part of the fight against inflation, cryptocurrencies may be considered as a solution by the citizens.
Belfort Admits His Mistake about Bitcoin
The author of The Wolf of Wall Street, Jordan Belfort has admitted that he had misinterpreted Bitcoin in the past and added that he is predicting a goal of $100,000 for Bitcoin. In his previous statements, Belfort had stated that Bitcoin would collapse.
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