Instead, bitcoin's value is irrelveance promoting the token, despite the potential for short-term profits. US Markets Loading Close icon likely an "artificial last gasp tweeting. The officials also said the world's largest crypto by market cap poses a risk to officials noted.
Shaktikanta Das, the governor of Reserve Bank of India, said earlier this year that cryptocurrency has no underlying value and is not even tulip, referring to the Dutch tulip bulb market bubble from the 17th century. Stablecoins are an important part of the cryptocurrency ecosystem. Thematic and crypto ETF issuers acquisition targets for Europe's larger players. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Bitcoin's technological shortcomings make it a questionable means of payment, they wrote, and transactions are slow.
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