❕NEWS Billionaire Frank Giustra: Central banks will try to break up Bitcoin

[aryan4]

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Giustra, CEO of Fiore Group, made interesting views and claims in her press release.
In his statement, he said the following for the currently discussed gold-bitcoin comparison:
“Central banks hold gold, not Bitcoin. Gold is an essential part of currency reserves and I think they will issue their own digital currency for that. They will not buy bitcoin, they will try to destroy it with all their might. "
What do you think of this and such explanations?

 

[aryan4]

Central banks' bitcoin attitude has actually hardly changed so far. These statements seem to summarize the current situation clearly, but let's see if central banks can strangle bitcoin.

 

[Niftyicon]

As much as his submission seems near the truth, I still do not think that the central bank has that power to break bitcoin, even some central banks of countries such as Iran even embrace bitcoin.

 

[aryan4]

Oh it will be bad news for invester or for those who bought bitcoin. But i don't think so that they can break this.

I guess many of us have witnessed that sometimes unexpected events happen in the markets. But I don't think they can eliminate bitcoin.

 

[Josemendez]

Giustra, CEO of Fiore Group, made interesting views and claims in her press release.
In his statement, he said the following for the currently discussed gold-bitcoin comparison:
“Central banks hold gold, not Bitcoin. Gold is an essential part of currency reserves and I think they will issue their own digital currency for that. They will not buy bitcoin, they will try to destroy it with all their might. "
What do you think of this and such explanations?

The fact is that Bitcoin has gotten to a height where a single country or organization cannot affect it's price . The fact remains that it's present investors won't allow this to happen.

 

[Wisdom01]

I know that bitcoin is always a threat to them ,but that doesn't mean they have the power to destroy it just like that , since the people are satisfied with bitcoin useage , it would be hard

 

[Josemendez]

I know that bitcoin is always a threat to them ,but that doesn't mean they have the power to destroy it just like that , since the people are satisfied with bitcoin useage , it would be hard

The breaking they intend to do is indirect breaking ,where they will have to buy more of gold thereby increasing the price of gold ,and hoping that people will join their course

 

[achawaskey]

The truth is that is not all big institutions like doing business in Bitcoin, some are jealous that their competitors are already doing good in Bitcoin investment and there discovery was late making them trying to destroy Bitcoin reputation.

 

[aryan4]

The fact is that Bitcoin has gotten to a height where a single country or organization cannot affect it's price . The fact remains that it's present investors won't allow this to happen.

Bitcoin is now more popular than ever before. Large institutions and investors may at least affect the prices in some way with their bitcoin assets. Let's see what will happen.

 

[Josemendez]

Bitcoin is now more popular than ever before. Large institutions and investors may at least affect the prices in some way with their bitcoin assets. Let's see what will happen.

Surely , when the price of Bitcoin goes down, they will buy more for the price to rise ,so that they will maximize their profit ,and control the price.

 

[Wisdom01]

The breaking they intend to do is indirect breaking ,where they will have to buy more of gold thereby increasing the price of gold ,and hoping that people will join their course

I think many people would still not go for that means they are trying to do and many would still buy bitcoin because of its flexibility and easy useage i think

 

[Josemendez]

I think many people would still not go for that means they are trying to do and many would still buy bitcoin because of its flexibility and easy useage i think

Yeah. That's the fact. No strategy can't make investors abondone Bitcoin because they have seen the potential in it , and won't give in to gold for it

 

[aryan4]

As much as his submission seems near the truth, I still do not think that the central bank has that power to break bitcoin, even some central banks of countries such as Iran even embrace bitcoin.

I love these kinds of messages that force people to answer. I do not think they can break this power, but I also think that they can reduce its resistance to some extent.

 

[Wisdom01]

Yeah. That's the fact. No strategy can't make investors abondone Bitcoin because they have seen the potential in it , and won't give in to gold for it

Yeah and that is why even if they try to pump the price people would still hurriedly sell off their gold and the price would fall again, only one institution can't control the market for long

 

[Niftyicon]

I don't think it is possible for central bank of a country to do that.
To break Bitcoin or destroy Bitcoin is never possible.
Venezuela has already accepted Bitcoin for international exchange since they were sanction from using dollars.

Yeah, Venezuela is one country that really needs the succor they can get through bitcoin give the current economic situation there. The central banks can just do well to accept btc and other cryptos

 

[Josemendez]

Yeah, Venezuela is one country that really needs the succor they can get through bitcoin give the current economic situation there. The central banks can just do well to accept btc and other cryptos

Prior to accepting cryptocurrency , their fiat currency was declining in value almost everyday and this was a big challenge to them . I guess that's why crypto came to their rescue.

 

[De-rector]

Central banks can't break bitcoin , if they will they would have done that earlier than now , they may actually boost gold to encourage Investors because gold is more prefered to bitcoin till now.

 

[Wisdom01]

I don't think it is possible for central bank of a country to do that.
To break Bitcoin or destroy Bitcoin is never possible.
Venezuela has already accepted Bitcoin for international exchange since they were sanction from using dollars.

Why where they sactioned from using dollar , i would like to know more about that , and i think the government should also help to reduce high taxation because i have seen their citizens complain about that

 

[De-rector]

If I could recall correctly, Venezuela has issues as regards trade relation with US which wasn't smooth, they were ban from US trading, this was what led paxful to shut down it Exchange in the country.

 

[De-rector]

Exactly they have issue as regards trade relation. They have been sanctioned from using dollars for international transaction. To me they are not affected because they have resorted to the use of Bitcoin.

Yeah , it a good move by them to alternate, the mining approach is also a good way to help them galvanized revenue, Biden administration may lift the ban because it will be better for US now.