Former OCC official says crypto has backing but dollar ‘may not’
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.”
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.”
Research has revealed crypto investors are more likely to be ‘dog people’ while gold investors are more likely to be ‘cat people’.
The U.S. could repeat its 1930s ban on gold ownership but for Bitcoin.
Bitcoin’s annualized returns have eclipsed all other asset classes by a big margin.
While Musk said Schiff “might as well” have crypto in lieu of gold deposit statements, he did warn that digital currency valuations may be running hot
“While a temporary move up to $100K is possible, a permanent move down to zero is inevitable,” Schiff said on Twitter.
The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024.
“What happens when the world and the U.S. dollar is in a continual state of quantitative easing?” Can BTC find a new and unexpected role for itself?
Biden’s fiscal stimulus plan could send the BTC price rocketing higher.