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[aryan4]

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?

 

[Niftyicon]

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.

Yeah! I think I read something about their weak currency some time ago. Well, apart from Venezuela, there are countries that crypto has been a haven for their citizens especially with the high inflation rate.

 

[SCAMEXPOSER]

Yeah! I think I read something about their weak currency some time ago. Well, apart from Venezuela, there are countries that crypto has been a haven for their citizens especially with the high inflation rate.

I think Switzerland and Iran are also doing very great with bitcoin and other Crypto currencies already , it is a good move by them.

 

[Niftyicon]

I think Switzerland and Iran are also doing very great with bitcoin and other Crypto currencies already , it is a good move by them.

I am sure of Iran with the government providing subsidized electricity and mining rigs to make mining more convenient and maybe many other countries may also emulate the same.

 

[aryan4]

Of course this was always inevitable. Considering our past which verifies that gold was the form of currency even presently and just because we are now digitalizing so many parts of our lives into the future, the justification of preference of BTC over gold holds no weight.

For some reason, bitcoin and gold continue to be compared by pointing out the same issue. But the statements made are generally as in the news details.

 

[SCAMEXPOSER]

For some reason, bitcoin and gold continue to be compared by pointing out the same issue. But the statements made are generally as in the news details.

I think bitcoin is far ahead of gold now , it will take a very huge Investment to have gold compete with bitcoin in terms of price and market capitalization.

 

[sammyblaq]

The facts are coming out by the day that the crypto currency is badly affecting the fiat currencies. People are now channeling their interest toward crypto and the Central Banks are fighting hard to pull it down.
But as we are advancing into industry4.0, I don't think they will succeed.

 

[Balint098]

Yeah, that's a real possibility considering how Bitcoin and crypto ecosystem in general are a pretty big threat to the traditional banking system worldwide.

 

[SCAMEXPOSER]

It is rather unfortunate that central banks of different countries are fighting Crypto currencies instead of looking for ways to accommodate it.

 

[Brain]

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.

It wouldn't even be possible by the apex bank definitely not now of it was possible that would have happened earlier. So I doubt this will ever be true

 

[SCAMEXPOSER]

It wouldn't even be possible by the apex bank definitely not now of it was possible that would have happened earlier. So I doubt this will ever be true

Absolutely, it is impossible now. The imposing sections on the use of quit recording season the country it is very possible that they are working on how best they can explore the opportunities in cryotocurrency.

 

[Brain]

Absolutely, it is impossible now. The imposing sections on the use of quit recording season the country it is very possible that they are working on how best they can explore the opportunities in cryotocurrency.

Definitely, I'm thinking same about all these banning countries. I feel they are just buying time before you know it, they will start using Bitcoin even as legal tender

 

[SCAMEXPOSER]

Definitely, I'm thinking same about all these banning countries. I feel they are just buying time before you know it, they will start using Bitcoin even as legal tender

That is what I feel because they are fully aware of the strong trend of cryptocurrency and the huge amount of money that is been pumped into it.

 

[Balint098]

'Destroying' Bitcoin will be hard now that many people and even institutions and companies are already supporting it. They can always lobby the government to ban crypto.

 

[Brain]

That is what I feel because they are fully aware of the strong trend of cryptocurrency and the huge amount of money that is been pumped into it.

I believe they will come around very soon. Others that were sceptical are now investing in the network. So I know they just need time and it will be done

 

[SCAMEXPOSER]

The more Central banks try to break Bitcoin the more the entire Crypto currency market grow much stronger than they imagine. The best is for them to loose fight.

 

[Mariappa45]

That's what banks are trying not all but majority of them.sre trying it hard to kill off the progress made around cryptocurrency and it isn't paying off to them because cryptocurrency still stand up to today, which shows that banks aren't going to drag BTC off the line of attraction no matter what those banks who doesn't want it's progress thinks.

 

[AudraMiller]

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?

I think that the statement is true to a certain extent however i think that there are a lot of central banks that are around the world that are looking towards the cryptocurrency world at the moment, and therefore i think that this will help them in order to try and regulate the coin and the way in which it is used as well.

 

[Ben Kempton]

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.

This actually reminded me of the ban that was proposed by the Russian Federation's main bank on the cryptocurrencies. The proposal caused a huge panic in the cryptocurrency market that led to the extreme fluctuations of the market and many investors lost Billions of dollars in just a few days. I do not know what makes central banks think that cryptocurrencies should be banned, even though many financial experts actually do not believe that cryptocurrencies could be damaging to the economy of the country.