SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System
2021年12月4日 - 2:00AM
NEWSBTC
Bitcoin has proven to be a long-term play which means nations can
no longer ignore the impact of the cryptocurrency on the economy.
One way that nations have responded to this has been through
regulations. While some countries have implemented favorable laws
for bitcoin, others have gone the route of trying to stop the
digital asset. The United States skews towards the latter. The SEC
has made several attempts to try to regulate the crypto industry,
with SEC boss Gary Gensler commenting on what the regulatory body
is doing to regulate the asset on several occasions. A growing
concern now is the role BTC plays in the economy. Bitcoin And The
Economy SEC chairman Gary Gensler has raised some concerns
regarding bitcoin and the U.S. economy. According to the SEC boss,
BTC is now a competitor to the U.S. banking system. Gensler said
this on Wednesday when speaking to former SEC chairman Jay Clayton
at the DACOM Summit 2021 about the role of cryptocurrencies,
Bitcoin, and ETFs in the economy. Related Reading | Canada
Marks Launch Of First Bitcoin, Ethereum ETFs With Monthly Payouts
Gensler, during this summit, said that Bitcoin had been created as
a reaction to sanctions and regimes that went into place across the
globe. He referred to BTC as “an off-the-grid type of approach”.
“In 2008, Satoshi Nakamoto wrote this paper in part as a reaction,
an off-the-grid type of approach. It’s not surprising that there’s
some competition that you and I don’t support but that’s trying to
undermine that worldwide consensus.” This refers to the completely
decentralized nature of BTC. Satoshi Nakamoto, the creator of
Bitcoin, had structured the asset in a way that it couldn’t be
replicated or controlled by a single entity. BTC price trading at
$57K | Source: BTCUSD on TradingView.com Why BTC Is Becoming
Mainstream The deflationary nature of Bitcoin has been one of the
most important things for investors who bought the asset. Coupled
with its impressive returns on investment, the asset had made for a
perfect hedge against inflation. Thus becoming a more popular
investment avenue in the financial world. Related Reading
| Croatia’s Largest Supermarket Chain Rolls Out Bitcoin
Payments Another has to do with the decentralization of the
cryptocurrency. It puts the holder of the coins in complete control
of their assets, free from interference from any entity or
governmental body. Basically helping people become their own banks.
However, the same reasons that make Bitcoin such an attractive
investment for investors are the same ones that make governments
see the digital asset as a threat. Although not all governments see
the crypto as a threat. One such example is El Salvador which has
adopted Bitcoin as a legal tender in the country. Featured image
from CNBC, chart from TradingView.com
Ethereum (COIN:ETHUSD)
過去 株価チャート
から 3 2024 まで 4 2024
Ethereum (COIN:ETHUSD)
過去 株価チャート
から 4 2023 まで 4 2024