The Battle Between Cryptocurrency and Legal Currency
According to reports, Carstens, the head of the Bank for International Settlements, said that the French currency had won the battle with cryptocurrency. Mike …
According to reports, Carstens, the head of the Bank for International Settlements, said that the French currency had won the battle with cryptocurrency. Mike Novogratz, the chief executive of Galaxy, said that it was too opinionated. In the past decade, the tons of French currency had depreciated by more than 50%, while BTC and ETH had appreciated a lot. CZ, CEO of Coin Security, believes that there is no battle between cryptocurrency and legal currency, and technology does not fight anyone. Use it if you like it, don’t use it if you don’t like it. That’s it, but more and more people will use encryption… It’s worth waiting.
CZ: There is no battle between cryptocurrency and legal currency
Interpretation of the news:
The cryptocurrency and legal currency battle is ongoing, as seen by the differing opinions of leaders in the financial industry. Carstens, the head of the Bank for International Settlements, stated that the French currency won the battle against cryptocurrency. However, Mike Novogratz, chief executive of Galaxy, believes that this opinion is too narrow. In the past decade, there has been a significant depreciation of the French currency, while BTC and ETH have continued to appreciate. CZ, CEO of Coin Security, believes that there is no battle between legal and cryptocurrency as technology does not fight anyone.
The depreciation of the French currency against cryptocurrency has been a noticeable trend in recent years. In this regard, it is understandable why Carstens believed that the French currency has won the battle with cryptocurrency. However, as Mike Novogratz points out, a broader perspective is necessary. While it may seem like the French currency is winning in the short term, the long-term prospects should also be considered.
Furthermore, CZ is suggesting that technology does not fight anyone. It is a tool that can be used or ignored depending on one’s preference. This means that while there may be some competition between legal and cryptocurrency, it is ultimately up to the consumer to decide which to utilize. Despite the current dominance of legal currency in most countries, more and more people are turning towards cryptocurrency. This trend is expected to continue in the future, and as CZ suggests, it is worth waiting for.
In conclusion, the battle between legal and cryptocurrency is ongoing, with differing opinions regarding which side is winning. The depreciation of the French currency against cryptocurrency has caused some to believe that legal currency is currently winning. However, a broader perspective suggests that the long-term prospects for each currency should also be considered. Ultimately, technology is not fighting anyone, and it is up to consumers to decide which currency to utilize. As more people turn towards cryptocurrency, the trend is expected to continue in the future.
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