Blockchain
Bitcoin Layak Dijadikan Investasi, tetapi Tak Bisa Gantikan Posisi Mata Uang Fiat
Kanalcoin.com – Eksekutif penerbitan Amerika Serikat, Steve Forbes, menyebut bitcoin layak dijadikan investasi, tetapi tidak bisa menggantikan posisi mata uang fiat. Hal itu dikarenakan adanya pasokan yang membatasi bitcoin saat ini. Pasokan itu yang dinilai menjadi kelemahan bitcoin.
Steve Forbes yang merupakan eksekutif penerbitan Amerika Serikat menyampaikan gagasannya mengenai bitcoin yang saat ini tengah menjadi primadona di dunia investasi. Forbes menyampaikan dua poin yang penting soal bitcoin.
Pernyataan tersebut disampaikan oleh Forbes menanggapi pendapat yang menyampaikan kalau mata uang kripto mampu menggantikan posisi mata uang dolar. Akan tetapi, Forbes menyampaikan kalau pendapatnya jauh berbeda.
Forbes tidak memungkiri kalau bitcoin saat ini tengah menjadi primadona di dunia investasi. Bahkan, banyak institusi keuangan yang menambahkan bitcoin ke dalam portofolio mereka saat ini.
Menurut Forbes, munculnya bitcoin sebagai primadona investasi baru dipicu oleh kebijakan pemerintah yang tidak tepat saat menghadapi permasalahan ekonomi saat ini. Forbes mengatakan kalau bank-bak sentral dunia dinilai merusak suku bunga dan mencetak uang terlalu banyak.
Alih-alih memperbaiki ekonomi, Forbes mengatakan kalau langkah tersebut justru bisa semakin memperparah kondisi perekonomian dalam jangka waktu panjang.
“Orang-orang menumpuk bitcoin karena kurangnya kepercayaan pada mata uang fiat pemerintah,” ucap Forbes seperti dilansir Kanalcoin.com dari News.Bitcoin.com.
“Federal Reserve dan bank sentral lainnya telah menghancurkan suku bunga dan mencetak jumlah uang yang tak terbayangkan untuk membayar tindakan bantuan Covid dan untuk merangsang ekonomi yang rusak,” tutur Forbes menambahkan.
Forbes juga menyampaikan alasan lainnya adalah naiknya tingkat inflasi di suatu negara. Selain itu, banyak juga pihak yang memandang bitcoin sebagai emas baru di dunia investasi. Malahan ada yang berpikiran kalau bitcoin bisa menggantikan dolar saat ini.
Namun, Forbes mengaku tidak sepakat kalau bitcoin mampu menggantikan posisi dolar sebagai mata uang saat ini. Forbes menilai volatilitas bitcoin terlalu tinggi dan mempengaruhi kontrak jangka panjang dari suati transaksi.
Forbes menyampaikan argumentasinya soal bitcoin tersebut dengan menggunakan analogi hipotek rumah. Andai orang-orang saat ini mengambil hipotek sebesar $ 250 ribu pada bulan Maret 2020, bisa jadi pada hari ini orang tersebut memiliki hutang sebesar $ 2 juta.
“Katakanlah Anda mengambil hipotek pada bulan Maret sebesar $ 250 ribu, hari ini Anda bisa saja berhutang pada bank hampir $ 2 juta,” ujar Forbes.
Kondisi tersebutlah yang membuat mata uang kripto tidak akan pernah bisa menggantikan mata uang fiat. Forbes juga menyampaikan kalau mata uang kripto ingin menggantikan mata uang fiat, setidaknya memiliki nilai seperti franc swiss.
Bahkan, Forbes menyebut orang yang mau menandatangani kontrak jangka panjang transaksi dengan bitcoin adalah orang yang tidak waras.
(*)
The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects.
The UK Should Turn To Crypto And SPACs?
Born in France, Rolet is a businessman and the Chief Executive Officer of the London-based credit-focused asset management firm CQS. Before assuming this position, though, he served as the CEO of the London Stock Exchange Group and was named as one of the 100 best CEOs in the world in 2017 by the Harvard Business Review.
In a report cited by Bloomberg, Rolet touched upon the potential consequences to the UK economy following the withdrawal from the European Union and the European Atomic Energy Community, better known as Brexit.
The executive believes that the UK has two viable options to consider if it wants to minimize the risks and help the nation flourish.
In the first one, he urged the government to “promptly consider the SPAC revolution.” Also referred to as “blank check companies,” these special purpose acquisition companies (SPAC) operate as shell corporations listed on a stock exchange with the idea of buying out a private company, thus making it public. Ultimately, this strategy eliminates the need to go through a traditional initial public offering (IPO).
While the US has seen significant adoption in the past year with a 10x increase in the raised funds compared to 2019’s results, the UK regulators have halted their progress on the London markets.
Rolet’s second advice involved digital assets as he noted that “all relevant UK government agencies should be resourced to thoroughly understand cryptocurrencies.”
With proper regulations, the crypto ecosystem could “place London and the UK at the center of a reputable and safe financial market.”
The UK’s Regulatory Approach To Cryptocurrencies
While UK’s regulators have hindered SPACs’ progress within the country, the nation’s financial watchdog, the FCA, has also been rather harsh against the cryptocurrency industry.
As of the start of this year, the Financial Conduct Authority banned crypto derivatives and exchange-traded notes (ETNs) to retail customers.
Additionally, the watchdog has issued several warnings to investors that they could lose all their funds if allocated in digital assets.
The regulator also announced that all UK-based digital asset businesses need to be registered with it but extended the deadline for applications to July 9th, 2021.
Featured Image Courtesy of TheGuardian
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.
Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap (UNI) and AAVE.
The fast-moving prices and 1,000% APY on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen as Bitcoin price dropped below $45,000 shows that the highest fliers are often the quickest to fall as traders rush to exit their positions and lock in their gains.
On Feb. 22 Bitcoin (BTC) price entered a sharp corrective phase which saw the top digital asset pullback by more than 20% from its all-time high of $58,274. As this occurred, the majority altcoins also saw double-digit corrections and DeFi tokens like PancakeSwap (CAKE) fell as much as 55%.
Total value locked in DeFi shows resilience
The total value locked in DeFi platforms also took a hit as Bitcoin and altcoins corrected. Data from DeFi Llama shows the combined TVL of all DeFi platforms fell from $64.89 billion to $54.22 billion on Feb. 24. Cointelegraph also reported that this week’s correction led to the second-largest day of DeFi loan liquidations in history.
The decline in TVL is a result of decreasing token values rather than protocol outflows, indicating that token holders remain committed to the continued expansion of decentralized finance and that the current yields are still incentivizing investors to rem engaged.
Market analysis indicates that despite the recent $5.8 billion Bitcoin and altcoin liquidation, bulls remain optimistic and see this price pullback as a sign of a healthy market.
The same goes for the DeFi sector, which has been in a strong uptrend since the start of the year. Increasing DEX volume as well as a rising TVL show that DeFi is still in the early stages of growth, and while pullbacks are to be expected, the overall trend is positive as institutional and retail investors increasingly gain exposure to this emerging asset class.
ZelaaPayAE (ZPAE), a Dubai-based blockchain payment network focused on the Gulf region, has announced the deployment of 100 XPOS Handy (point-of-sale terminals) and 10,000 XPASS cards from partner Pundi X, a cryptocurrency payment platform.
“Pundi X has the technology to empower merchants across the world to deploy easy-to-use blockchain solutions. We’re excited to bring it to the UAE market.”
– Sahil Arora, ZPAE CEO
XPOS devices enable cryptocurrency transactions on the blockchain from anywhere….from trendy cafes in Seoul, South Korea, to pubs in New Hampshire, USA. Similarly, the XPASS card makes it easy for customers to pay with their crypto-assets.
“Any corner of the world where XPOS is, that’s a place where seamless transactions can take place. Both ZPAE and Pundi X essentially want the same things; making the blockchain accessible.”
– Zac Cheah, Pundi X’s CEO and Co-Founder
ZelaaPayAE (ZPAE) was founded with the aim of unlocking the power of cryptocurrency in the Middle East. The ZPAE token trades on numerous exchanges such as CoinTiger, JustSwap, Bilaxy, and others. The company is engaged in introducing a number of decentralized finance products in the UAE.
Ankr adds Eth2 futures (fETH) to its staking system
Are Bitcoin’s long-term hodlers entering the seller’s market?
Elon Musk Explains to Peter Schiff What Money Is
Litecoin, Cosmos, Tezos Price Analysis: 21 February
Ripple now registered as a Wyoming business
Former BoE, BoC Governor Mark Carney joins Stripe board of directors
A Review of BTCGOSU — Reviewer of Crypto Casinos
Kraken Daily Market Report for February 21 2021
DeFi Protocol Primitive Finance Self Hacks to Prevent Exploit
Peter Schiff Now Discusses Bitcoin More Often Than His Beloved Gold
Is Ethereum heading to another ATH?
The Many Theories Of Elon Musk Being Satoshi Nakamoto
NFT Platform Ethernity to Launch IDO on Polkastarter
Long Blockchain Corp has officially been delisted by SEC
3 key factors that propelled Ethereum to $2,000 for the first time ever
Banks will be required to work with crypto, e-money and CBDCs to survive
Bitcoin Payments Make 20% of the Revenue of a UK Private Jet Company
Today 11:40 am EST: First Bitcoin Elite NFT Art Drop
MoneyGram suspends Ripple partnership, citing SEC lawsuit
Kraken Daily Market Report for February 20 2021
-
Blockchain1 week agoThai SEC schedules hearings to address crypto investor qualifications
-
Blockchain7 days agoMotley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — Has a $500K price target
-
Blockchain2 days agoAnkr adds Eth2 futures (fETH) to its staking system
-
Blockchain6 days agoThe Graph adds support for Polkadot, NEAR, Solana and Celo
-
Blockchain1 week agoInternational payment giant Visa considers adding crypto to its network.
-
Blockchain7 days agoCorporate FOMO
-
Blockchain1 week agoRipple’s XRP Has Shown A Great Deal Of Resilience In The Midst Of Legal Troubles
-
Blockchain1 week agoNigerians bounce back with a defiant response to the government’s Bitcoin ban
English
Arabic
Chinese (Simplified)
Chinese (Traditional)
Dutch
Finnish
French
German
Greek
Hebrew
Hindi
Indonesian
Italian
Japanese
Khmer
Korean
Malayalam
Norwegian
Polish
Portuguese
Romanian
Russian
Slovenian
Spanish
Swedish
Turkish
Vietnamese