Fed Chairman: Bitcoin is a key player in gold electricity

Fed Chairman Christopher Waller, speaking at the Center for Financial Security, believes cryptocurrencies will not pose a threat to the government and that the government should not intervene to block the development of Bitcoin.

Allianz CFO Mohamed El-Erian said on Monday he would buy bitcoin when he lost three years ago, but decided on the timing of the sale and said it was back to 19. $ 000 at the end of last year.

Elian has revealed that he will be buying bitcoin during winter “crypto” in 2018, but did not disclose the special amount. Over time, the value of Bitcoin has fallen to almost $ 3,000, and even hit $ 19,000 a year ago.

He has since held bitcoins, but at the end of 2020, when the bitcoins came back for $ 19,000, Elian sold them. Since then, Bitcoin has been steadily rising and recently broke the $ 69,000 mark.

Elian said, "I didn't ask for the measurement because I don't understand why $ 60,000 rather than $ 68,000 is a good mark."

Elian divides Bitcoin investors into three categories: “fundamentalists” who have held Bitcoin for a long time, expert investors who want to differentiate their capital, and short-term business “speculators”.

The financial expert said he would return with confidence only when certain speculators in the market were "eliminated". He said the first two types of investors are "long term foundations for this business".

Elian believes that Bitcoin has a "huge impact", but it will not become a "world currency" capable of competing with the US dollar.

“I think it will always exist in the ecosystem, but it will not become a global currency,” he said, “it will not replace the US dollar”.