Crypto CEOs Agree: “No One Controls the BTC Network”
2 min read
BTC as an inflation hedge? Verena Ross is not convinced
Bear market or not: Many crypto fans still regard BTC and the crypto market as protection against inflation. While the US dollar, euro and the like are losing purchasing power at an alarming rate, BTC in particular is becoming more valuable over time. It won’t be difficult to find someone who says, “I wish I had bought (more) BTC four years ago.” Meanwhile, if you keep your money in the bank, you can literally see it becoming less valuable. For Bitcoiners, the thing is clear: the cryptocurrency protects against inflation, even if it collapses in the double digits in the short term.
Verena Ross, chairwoman of the European Securities Authority, sees the whole thing a little more critically. She warns that smoldering inflation could push more and more people to invest in BTC and other high-risk assets. A reason for Ross to demand regulatory clarity. Like Bloomberg reported, according to its own statements, it can hardly wait for the EU to publish a template for uniform crypto regulation.
As inflation rises, investors will look for investments that compensate for inflation and generate greater returns. This could also lead to higher risk. This is something we are closely monitoring.
Verena Ross
“No one controls the BTC network”
Whether or not this is a reaction to Ross’ statement: Changpeng Zhao, CEO of the crypto exchange binance makes a clear statement about the control options of the BTC network:
Nobody controls the BTC network.
Changpeng Zhao, CEO binance
He is right. His brothers in spirit think so too, and they insist on giving their two cents on the subject.
BTC is money for everyone because it is controlled by no one.
Anthony Pompliano
BTC has rules without rulers.
Michael Saylor, CEO Microstrategy
JP Morgan is optimistic
For the upcoming course of the crypto market and the BTC course in particular JP Morgan optimistic. Like the US magazine fortune reported, the analysts at the investment bank consider it quite possible that a recovery is imminent. According to a recently published assessment:
Admittedly, the correction in the crypto market over the last month looks like a capitulation compared to January and February… For the coming period we see bullish movement for BTC and the crypto market.
Excerpt from JP Morgan
Furthermore, the investment giant now sees cryptocurrencies as more important than the real estate market.
Can BTC be regulated and centralized? The answer will surprise you
