GENIUS Act Nouriel Roubini is warning again, this time he points straight at the genius act while Bitcoin deep into its slump. It is not an inflation hedge and he described the token as “pseudo-asset class,” saying ‘I think it’s a “prs. A – ”
Bitcoin was trading around 67,400 dollars on Wednesday — 45 percent from its late-October high. In a statement, He wrote ‘Calling Bitcoin or any other crypto vehicle that has been bogus for many years is always the case of fraud.
Roubini also said Bitcoin has been tied to “the mother of all bubbles” and a “Ponzi Game.”
Nouriel cited its use as an illegal transaction, saying that crypto can put the financial system in danger when lawmakers push it into banks and “the money is being threatened by this kind of banking system.” He mocked the GENIUS Act, and said that the bill should be called the “Reckless Idiot Act” (the Bill is not to be confused with its original name). ” , ‘I’m sure it is worth reading.
Its reluctance to support the lender-of–last and no deposit insurance for stablecoins is one of the part that bothered Nouriel most with, and it was not an issue which has been blamed on. Some industry voices want interest paid on stablecoins, he said could “undermine the foundations of banking system,” a warning. Paraphrasingr ’It is.
Market losses hit Bitcoin as investors pull back
The world’s largest token has been over 40 percent from its peak, when it surpassed the top of this century. The dip buyers are not buying dips. Support for has been discontinued. In the hedge fight, Gold is winning the. Stablecoins are ‘bringing Bitcoin’ in payments of Stabilecoine. The speculation is being replaced by prediction markets that are monopolizing the use of s.
regulators mashed it down and none of this was because is. Washington has been a friendly friend with . Big businesses joined in with . But it’s been treated like a real asset for Wall Street by Wall street. Bitcoin received everything it wanted but the price still fell.
He said ‘I bought one more whole Bitcoin for 67k, but it is not going down.’ Robert Kiyosaki added ‘Although I am buying another full Bitcoin at the same time as Bitcoin was just getting crashed? Why? Two reasons #1 Because the Big Print will start when the US debt goes into a crash and ‘The Marxist Fed’ starts printing trillions in fake dollars. #1 The magical 21 millionth Bitcoin is almost being mined as it nears the magic of #2. Bitcoin becomes a better alternative to gold when the 21st millionth Bitcoin is mined… Bitcoin gets better than gold. Paraphrast.
His view stands in sharp contrast to Nouriel, but it captures how divided this crypto moment is.
Flows move to gold as Bitcoin questions get louder
Bitcoin and crypto have jumped, but gold and silver are still in the air even though there is international tension and a weak dollar. U.S. gold ETFs pumped in over 16 billion dollars during the past three months, with US gold being used as an investment for its own currency.
Approximately 3 Spot Bitcoin ETFs were reported to have been spot-based on the term “spot bitcoin ETC”. Outgoing 3 billion dollar outflows from paraphrasingr. ‘s market cap is down more than 1 trillion dollars. A big selling point The digital-asset treasury model, who has been a major selling center for the last few years, has cracked down on her new online-money TREassurY models.
In addition, Bitcoin was purchased by companies such as Strategy (MARA), Metaplanet and GameStop which issued shares of the currency that boosted its value. It’s a turn of that loop for paraphrasingr to be the case now. Large DATs have surpassed Bitcoin and many trade below the value of their own holdings, even as they are less expensive than bitcoin.
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