Bitcoin Has Been Reset to Zero: It Can No Longer Be Used
You've probably already heard about the ban on the use of Bitcoin ETFs and other cryptocurrency instruments as collateral for financial transactions in the United States, starting April 30th. This effectively makes the value of cryptocurrency “securities” virtually zero in the financial world.
But it is important to remember that the real value is not in specific cryptocurrencies, such as Bitcoin or Ethereum, but in the technology behind them.
While the government plays its game, smart people continue to follow their path.
In addition, the U.S. Republic First Bank went bankrupt, becoming the first American bank to fail this year. The bank had about $6 billion on its total balance sheet at the end of January, according to the FDIC. But in fact this is not news, since I wrote about it here.
#BitcoinETF #Bitcoin #Ethereum
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