• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

China’s crackdown creates an enormous constructive path for cryptocurrencies

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Galaxy Digital CEO stated that regardless of Chinese vandalism, Bitcoin is alive and nicely in some ways.

China's crackdown creates a huge positive path for cryptocurrencies
China’s crackdown creates an enormous constructive path for cryptocurrencies

As main miners depart China one after the other following the nation’s Bitcoin (BTC) crackdown, Galaxy Digital CEO Mike Novogratz highlighted different specialists that the migration from China is a constructive improvement.

Related articles

What is money laundering?  “Money laundering” tricks used by criminals in cryptocurrencies and how to prevent them

What is cash laundering? “Money laundering” tricks applied by criminals in cryptocurrencies and how to stop them

November 27, 2023
Investment capital flows into cryptocurrencies have grown for 8 consecutive weeks

Investment capital flows into cryptocurrencies have grown for eight consecutive weeks

November 21, 2023

Novogratz defined on Bloomberg that regardless of China’s efforts to sabotage Bitcoin, similar to banning mining, banning leverage, and even banning Bitcoin in some locations, cryptocurrencies have survived and thrived. He stated:

“Bitcoin is alive and well in many ways, adding that migrating miners out of China could be a big boon to the ecosystem.”

According to Novogratz, a couple of weeks in the past, when the cryptocurrency market skilled excessive volatility with sudden and widespread worth drops, it was a remarkably profitable experiment for the whole crypto ecosystem. Novogratz summed it up, referring to the 65% drop within the worth of Bitcoin from its all-time excessive.

“We have had a problem. We don’t have a security team when prices go down. We don’t have a cause. How the system works, it should work It’s a very powerful system that was built in a short amount of time. “

Speaking concerning the public notion of the crypto ecosystem, Novogratz harassed that Bitcoin “made its way” as digital gold. He recalled that gold has existed for 3,000 years and added:

“I expect Bitcoin to be the digital version of gold in the next 3,000 years.”

Mr. Novogratz additional shared this

“Ethereum might very nicely grow to be the second largest forex, or maybe even the most important cryptocurrency sometime. It shall be used on the underlying belief stage, Web 3.0, the place the whole lot is constructed on it.

Also observe that it has sturdy rivals like Terra and Solana and this isn’t a certain win for Ethereum.

Novogratz additionally listed the latest additions to the crypto ecosystem, similar to decentralized finance (DeFi) and NFTs earlier than concluding:

“This is not us playing with coins with funny names. This is a serious approach to rebuilding the financial architecture of the world ”.

Synthetic forex 68

Maybe you have an interest:

Join the chat group Coinlive Chats Now let’s focus on the new matters of the DeFi market with the Coinlive directors !!!

.

[ad_2]

Tags: ChinascrackdownCreatescryptocurrenciesGeneral NewsHugepathPositive
Share76Tweet47

Related Posts

Coinbase Acknowledges TaskUs Data Breach Four Months Later

by shark
June 3, 2025
0

Coinbase discloses a data breach involving TaskUs employees in India, impacting financial markets and raising security concerns.

Bitcoin Faces Volatility After 8% Correction and Leverage Flush

by shark
June 3, 2025
0

Bitcoin correction triggers market volatility. Key figures and global factors influence derivatives and risk assets.

Classover Raises $500M for Solana-Centric Treasury Strategy

by shark
June 3, 2025
0

Classover Holdings signs a funding agreement with Solana, highlighting a major move in integrating blockchain finance into corporate strategies.

Aptos Labs CEO to Testify on Digital Assets

by shark
June 3, 2025
0

Aptos Labs CEO Avery Ching to testify at U.S. House hearing on digital assets, signaling significant regulatory insight.

Ethereum Foundation Restructures for Enhanced Network Scaling

by shark
June 3, 2025
0

Ethereum Foundation reorganizes to prioritize scaling, blobs, and UX enhancements amid market shifts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Powell’s Inflation Comments Stir Uncertainty—Yet Qubetics, Algorand, and Filecoin Remain the Top Coins to Join Today
  • Coinbase Acknowledges TaskUs Data Breach Four Months Later
  • Arctic Pablo, Artificial Liquid Intelligence, and Shiba Inu Updates: Top Meme Coins to Invest in This Week
  • Bitcoin Faces Volatility After 8% Correction and Leverage Flush
  • Classover Raises $500M for Solana-Centric Treasury Strategy
  • Aptos Labs CEO to Testify on Digital Assets
  • Ethereum Foundation Restructures for Enhanced Network Scaling
  • Sberbank Introduces Bitcoin Bonds Amid Regulatory Shift
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7