The founder of Binance Coin continues to express his confidence that Bitcoin is the future. Not only the future of cryptocurrencies, but also the future of banking, whether at the level of individuals or institutions. While Jerome Powell, president of the US Federal Reserve, believes that Bitcoin may be a competitor to gold, not the dollar, the founder of Binance Coin sees otherwise.
And through a recent tweet, he described Ping Chau as he sees it as the currency of the future, as the dollar began to become strong as human currency.
According to a tweet from the founder of Binance Coin, he initiated cashless transactions through prepayment methods through banks as a medium of transaction.
However, cz believes that the future sees nothing but bitcoin and cryptocurrencies only as a basis for financial transactions in light of the successive developments of blockchain technology.
Bitcoin is trading during those moments at levels below the levels of 58 thousand dollars, down by about 2.5% at levels of 57.8 thousand dollars.
Chinese programmer Bing Chao said in a tweet on Bitcoin that Bitcoin still had a lot to do as he saw it could reach $ 1 million.
Bitcoin is still closer to zero than a million dollars, said CZ founder Biannis Coin. CEO and founder Zhang Bing chao said earlier that there are many large Chinese companies investing in Bitcoin, but they have not disclosed this publicly to investors.
The founder of Binance Queen said in several tweets on Twitter that the current prices of Binance Coin and Bitcoin are not inflated, which appears to be in response to an old tweet by Elon Musk.
"We are very fortunate to be able to buy bitcoins for less than $ 100,000," Zhao tweeted. He added in his tweet that it is normal to trade in the formation of the highest levels of $ 60,000, and he does not know why some are selling it now.
A few days ago, Zhang Bing Chau said in a tweet on Twitter, if you want to be poor, do not buy a currency with a currency, and the tail of the tweet is the phrase that is not financial advice.
Chinese-Canadian programmer Chang Ping Chau said a few days ago in a tweet that consumers are very lucky to be able to purchase them with less than $ 100,000 in composition.
JPMorgan (NYSE: JPM ) believes that Bitcoin may one day be a competitor and alternative to traditional gold, describing it as the new digital gold. Analysts for Bank of America said in a recent research note that inflows of only $ 93 million would move Bitcoin's price by one percent. " Bitcoin is very sensitive to the increased demand for the dollar," said Francisco Blanche, a strategist at Bank of America (NYSE: BAC ).
And the note that some see reaping from Bitcoin in recent months stated that it would take at least two billion dollars of inflows to move the price of gold by one percentage point. Whereas, more than $ 2.25 billion is needed to exert the same price effect on Treasuries of 20 years or more. This means that the value required to move gold and the dollar is more than 22 times the value required to move gold and the dollar. Again, GB Bank (CA: AUTO ) Morgan reiterated the target of the Bitcoin cryptocurrency at levels of $ 130,000.
JPMorgan sees a decrease in cryptocurrency volatility, as institutions and major investors continue to pour into the digital currency. According to the analysis, experienced investors have the potential to increase exposure to Bitcoin, and the price will be less volatile. JP Morgan says, in the long term, it may reach $ 130,000 per coin, if the currency reaches the value of the gold market.
The article does not express a recommendation or a nomination, but rather a monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, noting that they are not completely subject to financial authorities and markets.
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