Anthony Pompliano Addresses The Nature Of Bitcoin – “Stateless Money” | CryptoGazette
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The popularity of Bitcoin is on the rise. Since the massive global crisis triggered by the novel coronavirus started back in 2020, Bitcoin has been showing its strength and resilience.
Now, we’re seeing another global crisis and BTC continues to remain strong. Anthony Pompliano just addressed the nature of Bitcoin as money. Check out his important tweet below.
Lots of crypto fans support this idea, but there are also the people who are not that sure that things will go flawless with crypto.
Someone hopped in the comments and said: “There’s nothing backing crypto, gold is tangible, fiat legal tender, but when something goes wrong with crypto it’s an intangible abstraction without authority and enforcement. The idea that the network is invulnerable is truly childish. If something can go wrong, it will.”
Economic uncertainties could trigger another accumulation phase
It’s been just revealed that the crypto trader Michaël van de Poppe just said that the current war in Eastern Europe could drive crypto stalwarts Bitcoin (BTC) and Ethereum (ETH) to new lows.
In a new video, he just said that the conflict between Ukraine and Russia is causing economic uncertainties. These are impacting indices, inflation rates as well as the prices of gold and Bitcoin.
“At this stage, we are seeing that Bitcoin is dropping down significantly and why is that? That’s because of short-term panic. You must understand that traders are short-term based people, very impulsive, emotional and that is what the markets are reflecting…”
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $38,521. Stay tuned for more news.
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