Table of Contents:
Bundesbank President Warns About Bitcoin: "I Get Goosebumps at the Term Cryptocurrency"
The president of the Bundesbank, Joachim Nagel, has issued a stern warning regarding Bitcoin. In an interview with FOCUS Online, he expressed his discomfort even at the term "cryptocurrency" associated with Bitcoin. He compared the current hype around cryptocurrencies to past speculative bubbles and emphasized that there is no real substance behind Bitcoin other than a mathematical algorithm.
Nagel also highlighted that unlike stocks which have tangible backing, cryptocurrencies lack any central authority or intrinsic value. As such, he personally refrains from investing in them both as a private individual and within his capacity under strict ECB regulations. Furthermore, Nagel advocated for further interest rate cuts by the European Central Bank next year to stabilize inflation without risking economic growth.
The Best Mining Providers at a Glance
» Infinity HashFrom our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.
» Hashing24A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.
Bitcoin News: BTC Matures - A New Era of Stability?
A recent report on finanzen.net suggests that Bitcoin might be entering a new era of stability despite its historical volatility. The cryptocurrency's price surged over 120% last year alone and now trades above $100,000 USD per unit.
This newfound maturity is attributed to decreasing market corrections during bull runs and increasing institutional interest through spot ETFs. Analysts believe this trend could lead more investors towards considering Bitcoin as part of their portfolios akin to gold reserves held by states or companies seeking stable assets amidst growing acceptance worldwide.
Bitcoin Forecast: Expert Advocates "Bitcoin Over Real Estate"
An expert featured on finanzen.net argues for choosing investments in Bitcoin over traditional real estate holdings. This is largely due to digital currencies offering greater flexibility and potentially higher returns given ongoing technological advancements driving adoption rates globally.
Sources:
- Bundesbank-Chef warnt vor Bitcoin: „Beim Begriff Kryptowährung kriege ich Gänsehaut“
- Bitcoin News: BTC reift - neues Zeitalter der Stabilität?
- Bitcoin Prognose: Experte - “Bitcoin statt Immobilien”
- Bitcoin: Zu DIESEM Zeitpunkt erreicht die Kryptowährung nächstes Jahr einen Rekord!
- BlackRock schürt Zweifel: Gibt es wirklich nur 21 Millionen Bitcoin?
- In diesen Ländern stehen die größten Bitcoin-Mining-Pools der Welt
