1 year ago
Berkshire Hathaway’s Charlie Munger says astir crypto is going to zero, portion a Jefferies expert says bitcoin is really acceptable to thrive successful the lawsuit of a dollar collapse. Meanwhile, American economist Jeffrey Sachs says cardinal slope integer currencies (CBDCs) are the existent wealth of the adjacent future. Get caught up connected each this arsenic good arsenic the latest updates from the Sam Bankman-Fried proceedings conscionable below, successful the Bitcoin.com News Week successful Review.
Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit
Global fiscal services steadfast Jefferies has warned of “the illness of the U.S.-dollar insubstantial modular to the payment of some golden bullion owners and besides owners of bitcoin.” An expert from the steadfast explained that the Federal Reserve, and different G7 cardinal banks, “will not beryllium capable to exit from unconventional monetary argumentation successful a benign mode and volition yet stay committed to ongoing cardinal slope balance-sheet enlargement successful 1 signifier oregon another.”
Berkshire Vice Chair Charlie Munger Warns Most Crypto Investments Will Go to Zero
Warren Buffett’s right-hand antheral and the vice president of Berkshire Hathaway, Charlie Munger, has expressed his content that the bulk of cryptocurrency investments volition go worthless. Regarding bitcoin, the enforcement opined: “That was the stupidest concern I ever saw.”
American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’
Jeffrey Sachs, an American economist and best-selling author, has stated that the extremity of the dollar’s hegemony is adjacent and that cardinal slope integer currencies (CBDCs) volition go the ground of cross-border settlements. For Sachs, the maltreatment of the U.S. dollar arsenic a geopolitical limb is 1 of the factors that volition lend to its demise successful the coming decade.
Inside Caroline Ellison’s Explosive Testimony — Former Alameda CEO Accuses SBF of Directing Fraud astatine FTX
In bombshell grounds connected Tuesday, Caroline Ellison, erstwhile CEO of Alameda Research, accused Sam Bankman-Fried of directing herself and others to perpetrate fraud nether his enactment astatine FTX and Alameda. Taking the basal successful a reddish dress, Ellison stated “Alameda took respective billions of dollars from FTX customers and utilized it for investments.”
Do you deliberation bitcoin volition thrive if the USD collapses? Will CBDCs bring thing different than much invasive fiscal surveillance? Let america cognize your thoughts successful the comments below.
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