WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Facebook X (Twitter) LinkedIn Telegram
WebsCryptoWebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Bitcoin (BTC) $26,929.22 0.12%Ethereum (ETH) $1,669.89 1.34%BNB (BNB) $215.90 0.50%XRP (XRP) $0.535911 5.66%Cardano (ADA) $0.249968 0.55%Solana (SOL) $20.28 3.19%Dogecoin (DOGE) $0.0621 1.37%Polkadot (DOT) $4.08 0.56%Shiba Inu (SHIB) $0.000007 0.63%Dai (DAI) $1.00 0.13%TRON (TRX) $0.089533 3.74%Polygon (MATIC) $0.526012 1.81%Avalanche (AVAX) $9.15 0.77%Uniswap (UNI) $4.40 0.12%Litecoin (LTC) $66.23 1.84%
Crypto Prices
WebsCrypto
News

Bitcoin’s Growth Poses a Major Threat to the Existing Fiat Currency System

By Simon LawsonOctober 24, 20221 Min Read
Bitcoin’s Growth Poses a Major Threat to the Existing Fiat Currency System
Share
Facebook Twitter Telegram LinkedIn Reddit Email

The growth of BTC -0.12%/">Bitcoin poses a significant threat to the existing fiat currency system, Frank Giustra, CEO of investment management firm Fiore Group, said in an interview with Stansberry Research, while noting that regulators are willing to redouble their efforts to curb any competition.

According to Giustra, the global economy is shifting to a digital world, and based on his predictions for the imminent reset of the monetary system, Bitcoin may stand out. This

Advertisements

The billionaire believes that Bitcoin could undermine the sovereignty of fiat currencies and even pose a threat to the possible establishment of central bank digital currencies (CBDCs) in jurisdictions such as the United States. The world needs to understand that the country’s goal is to lead in blockchain, not digital assets.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Blockchain CBDC Investment
Simon Lawson
  • X (Twitter)

Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

Recommended Reading

Business September 28, 2023

Chase UK Takes a Firm Stance Against Cryptocurrency Transactions Amid Rising Scams

News September 28, 2023

Inflationary Market Bitcoin and Ethereum Remain Steady as Correlation with U.S. Stocks Rises

Markets September 28, 2023

Bitcoin Soars 80% This Year, Outpacing Global Stocks Amid U.S. Banking Crisis and Diminishing Binance Concerns

Markets September 28, 2023

Texas Takes the Lead in Bitcoin Mining, Accounting for 28.5% of US’s Hashrate

News September 27, 2023

Vitalik Buterin’s Recent Ethereum Transfers Raise Eyebrows in the Crypto Community

News September 27, 2023

Federal Reserve Report Explores Financial Stability Implications of Tokenized Assets, Citing Growth and Interconnectivity Concerns

The Latest
Business September 28, 2023

Chase UK Takes a Firm Stance Against Cryptocurrency Transactions Amid Rising Scams

News September 28, 2023

Inflationary Market Bitcoin and Ethereum Remain Steady as Correlation with U.S. Stocks Rises

Markets September 28, 2023

Bitcoin Soars 80% This Year, Outpacing Global Stocks Amid U.S. Banking Crisis and Diminishing Binance Concerns

Markets September 28, 2023

Texas Takes the Lead in Bitcoin Mining, Accounting for 28.5% of US’s Hashrate

News September 27, 2023

Vitalik Buterin’s Recent Ethereum Transfers Raise Eyebrows in the Crypto Community

EDITOR’S CHOICE
Vitalik Buterin’s Recent Ethereum Transfers Raise Eyebrows in the Crypto Community
Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn
Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline
Chase UK Takes a Firm Stance Against Cryptocurrency Transactions Amid Rising Scams
News
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Markets
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Price Indexes
  • Market Cap
  • Bitcoin Price
  • Ethereum Price
  • Cardano Price
  • Solana Price
  • Polkadot Price
  • Polygon Price
Services
  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Service
WebsCrypto
X (Twitter) Facebook Telegram LinkedIn RSS
© 2023 WebsCrypto

Type above and press Enter to search. Press Esc to cancel.