Bitcoin

Ki Young Ju, the co-founder, and CEO of the renowned analytical platform CryptoQuant, shared his &#34;hot take&#34; on Bitcoin adoption. He tweeted that CBDC and BTC would coexist, boosting Bitcoin demand in many ways.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/92692baf674e4a9697d0af1b9cafbfaa.png" />He also shared an interesting observation, showing a screenshot of Google Trends that <a href="https://twitter.com/ki_young_ju/status/1673463097166794754" rel="noopener noreferrer nofollow">illustrated</a> the uptrend in Bitcoin searches. Specifically, he mentioned that Brazilians are searching for &#39;gráfico bitcoin agora,&#39; which translates to &#39;Bitcoin charts now’, indicating people&#39;s involvement in the crypto sector.To support his stance on CBDC and Bitcoin coexistence, he mentioned that the Brazilian Central Bank recently added the crypto exchange Mercado Bitcoin to the CBDC pilot. Illustrating these examples, he asserted that Bitcoin adoption is rising.In November 2022, Brazil approved a regulatory framework <a href="https://cryptotale.org/brazil-regulators-legalize-crypto-as-a-means-of-payment/" rel="noopener noreferrer nofollow">legalizing</a> cryptocurrency as a means of payment in the nation. Under this new bill, the country recognizes Bitcoin as a digital representation of value, allowing it to be used for investments and payments.This is not the first time Ki Young Ju has expressed his pro-crypto views. Last week, he shared a &#34;<a href="https://twitter.com/ki_young_ju/status/1672321545258270721?ref_src&#61;twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1672321545258270721%7Ctwgr%5E913646f9b4fa7e9f92bd831744b32102b1e7af33%7Ctwcon%5Es1_&amp;ref_url&#61;https%3A%2F%2Fu.today%2Fbitcoin-btc-whales-should-only-be-tracked-on-these-exchanges-cryptoquant-ceo-says" rel="noopener noreferrer nofollow">pro tip</a>&#34; on how to analyze market moves by observing crypto whales and suggested keeping an eye on low-volume derivative exchanges.Read full article at <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">CryptoTale</a>.

CBDC and BTC Will Coexist, Fueling Bitcoin: CryptoQuant CEO Reveals

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Άλλα άρθρα που δημοσιεύτηκαν στις 27 Ιουν 2023

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