Bitcoin ETF

Bitcoin

Gold

Impact

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-the-growing-impact-of-cryptocurrencies-on-global-finance/" data-wpel-link="internal">Exploring the Growing Impact of Cryptocurrencies on Global Finance</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrencies</strong> continue to reach more investors every year and have long been more than just an opportunity for profit. While many still view cryptocurrencies as a 24/7 casino, we already have thousands of popular protocols today preparing for the blockchain-based internet age (Web3). More importantly, as central banks around the world enter significant dilemmas, an alternative new digital age could be born.</p> 
<h2 style="text-align: justify" id="the-future-of-cryptocurrencies">The Future of Cryptocurrencies</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/analyst-predicts-epic-bitcoin-surge-to-120000/" data-wpel-link="internal">Crypto</a></strong> fund manager <strong>Bitwise</strong>‘s Chief <a href="https://en.coin-turk.com/the-world-famous-cryptocurrency-company-could-not-withstand-the-pressure/" data-wpel-link="internal">Investment</a> Officer (CIO) Matt Hougan recently discussed risks looming over the global economy. Concerns about persistent inflation are increasing, and the US government is accumulating debt more rapidly each day. Aside from billions of dollars in aid to Israel, Ukraine, and Taiwan, there are many issues contributing to the government’s growing debt. The snowball has now reached a critical size and continues to grow faster as it gathers more snow.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-342839 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/bitcoin-gelecegi-.png" alt="" width="859" height="486"></p> 
<p style="text-align: justify">In a recent interview, Matt Hougan said;</p> 
<blockquote> 
 <p style="text-align: justify">“Since the launch of the <strong><a href="https://coin-turk.com/bitcoin-kritik-bir-donum-noktasinda-fiyat-ne-yone-gidecek" data-wpel-link="internal">Bitcoin ETF</a></strong> (exchange-traded fund), we’ve been talking to financial advisors, family offices, and even foundations, and the main concern they express is the potential resurgence of inflation. Their real worry is the increasing levels of debt and how <a href="https://en.coin-turk.com/analyst-peter-brandt-predicts-bitcoin-could-reach-200000-by-2025/" data-wpel-link="internal">Bitcoin</a> can serve as a hedge in their portfolios against these risks.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="why-should-i-buy-bitcoin-btc">Why Should I Buy Bitcoin (BTC)?</h2> 
<p style="text-align: justify">Hougan states that investors are no longer asking why they should buy Bitcoin, but rather realizing that they must buy it now. This shift is significant as inflation data from the first quarter of 2024 could set the stage for a scenario where the Fed cannot lower interest rates for the rest of the year. Moreover, leading indicators are fueling these concerns.</p> 
<p style="text-align: justify">According to Hougan, people are realizing that Bitcoin is one of only two assets not backed by debt.</p> 
<blockquote> 
 <p style="text-align: justify">“I think many investors are starting to realize they don’t have any non-debt money. What is non-debt money? Either Bitcoin or gold. I see many investors deciding to own both, and I think the dominant paradigm in the market right now is this. Gold is a very mature asset. Bitcoin, on the other hand, is an emerging store of value. This means Bitcoin has more upside potential and also more volatility, so they play slightly different roles, but they provide the same general service to investors, which is a way out of the fiat money system.”</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/exploring-the-growing-impact-of-cryptocurrencies-on-global-finance/" data-wpel-link="internal">Exploring the Growing Impact of Cryptocurrencies on Global Finance</a></h5>

Exploring the Growing Impact of Cryptocurrencies on Global Finance

Table of Contents

COINTURK NEWS

Other articles published on Apr 21, 2024

XRP Price Milestone: Ripple CTO Touts 1500% Growth Over Seven Years

Key Insights on the Rise of Bitcoin ETFs

CIFDAQ Brings Cutting-Edge Blockchain Solutions to India

Grayscale Introduces Cost-Effective Mini Bitcoin Trust ETF

MicroStrategy’s Founder Sold Significant Holdings Before Halving

Crypto that Can Skyrocket Tomorrow

Join our free newsletter for daily crypto updates!