Central bankers are skeptical that Bitcoin or other cryptocurrencies could take the place of gold in their foreign currency reserves.
The post Central Bankers Skeptical of Cryptos Chances of Overthrowing Gold appeared first on BeInCrypto.
Former Bank of England advisor Huw van Steenis has stated that central banks are not running scared of cryptocurrencies. He believes retaining control of money forms the crux of their move towards central bank digital currencies (CBDCs).
The post UBS Advisor Van Steenis says Central Banks Are Not Threatened by Crypto appeared first on BeInCrypto.
May 21, 2021 | Bitcoin News, Bitcoin Price, Bitcoin vs gold, BTC price surge, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, Crypto News, Deutsche Bank, JPMorgan, News, UBS
Bitcoin’s (BTC) plunge this week has not only shaken investors but also rattled banking institutions. While the institutional players continue buying the dips, the traditional banks have once again joined the anti-Bitcoin rant. Germany’s biggest banking institution published a note “Bitcoin: Trendy is the last stage before tacky,” on Thursday, May 20. While quoting fashion
The post Deutsche Bank Refers to Bitcoin Value As “Wishful Thinking”, Global Banks Join Anti-BTC Rant appeared first on Coingape.
Swiss investment bank UBS Group AP is reportedly planning to offer cryptocurrency investments, which would likely include bitcoin exposure.Read More
A chief economist at UBS, the largest bank in Switzerland, sees a number of problems with bitcoin. In attempting to answer the question of whether the cryptocurrency defies the zeitgeist, he claims that “bitcoin is denied to those minority groups who have reduced online access.” UBS Chief Economist Sees Multiple Problems With Bitcoin Paul Donovan, […]Read More
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