Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

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

aryan4

Sapphire Member
LV
0
 
Joined
Jul 22, 2017
Messages
5,123
Reaction score
419
Points
170
Awards
1
BMF Points
$47
Rating - 100%
4   0   0
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?
 
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.
 
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.
 
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.
 
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
 
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
 
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.
 
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.
 
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.
 
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
 
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
 
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.
 
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
 
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
 
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.
 
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.
 
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
 
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.
 
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.
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.