Crypto CEOs Agree: “No One Controls the Bitcoin Network”

Bitcoin as an inflation hedge? Verena Ross is not convinced

Bear market or not: Many crypto fans still regard Bitcoin and the crypto market as protection against inflation. While the US dollar, euro and the like are losing purchasing power at an alarming rate, bitcoin in particular is becoming more valuable over time. It won’t be difficult to find someone who says, “I wish I had bought (more) bitcoin four years ago.” Meanwhile, if you keep your money in the bank, you can literally see it becoming less valuable. For Bitcoiners, the thing is clear: the cryptocurrency protects against inflation, even if it collapses in the double digits in the short term.

Verena Ross, chairwoman of the European Securities Authority, sees the whole thing a little more critically. She warns that smoldering inflation could push more and more people to invest in Bitcoin and other high-risk assets. A reason for Ross to demand regulatory clarity. Like Bloomberg reported, according to its own statements, it can hardly wait for the EU to publish a template for uniform crypto regulation.

As inflation rises, investors will look for investments that compensate for inflation and generate greater returns. This could also lead to higher risk. This is something we are closely monitoring.

Verena Ross

“No one controls the Bitcoin network”

Whether or not this is a reaction to Ross’ statement: Changpeng Zhao, CEO of the crypto exchange binancemakes a clear statement about the control options of the Bitcoin network:

Nobody controls the Bitcoin network.

Changpeng Zhao, CEO binance

He is right. His brothers in spirit think so too, and they insist on giving their two cents on the subject.

Bitcoin is money for everyone because nobody controls it.

Anthony Pompliano

Bitcoin has rules without rulers.

Michael Saylor, CEO Microstrategy

JP Morgan is optimistic

For the upcoming course of the crypto market and the Bitcoin course in particular JP Morgan optimistic. Like the US magazine fortune reported, the analysts at the investment bank consider it quite possible that a recovery is imminent. According to a recently published assessment:

Admittedly, the correction in the crypto market over the last month looks like a capitulation compared to January and February. [Aber] for the coming period we see bullish movement for bitcoin and the crypto market.

Excerpt from a JP Morgan paper

Furthermore, the investment giant now sees cryptocurrencies as more important than the real estate market.

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