The expert called cryptocurrencies the reason for the next financial crisis

Cryptocurrencies can cause the next financial crisis, said the head of the Canadian company Metalla Royalty & Streaming Brett hit in an interview with Kitco News.

The hit doubted in forecasts regarding Bitcoin’s ability to surpass gold as a means of savings. In his opinion, the maximum offer of 21 million BTC does not make an asset scarce or valuable. He emphasized that there are other cryptocurrencies that cost less, but have the best technological base.

Earlier, the JPMorgan investment bank suggested that the correction in the cryptocurrency market is able to push institutions to panic sales of bitcoin and leave gold.

Recall that Societe Generale also prefers precious metal. The financial conglomerate scare away random fluctuations in prices for the first cryptocurrency.

Materials on the topic

The UN announced the use of cryptocurrencies with “advanced” terrorists

The head of the SEC called the cryptocurrency market centralized

Freeway stake platform suspended the withdrawal of funds

Freeway stake platform froze the possibility of withdrawing blocked funds and deleted the mention of team members on the site.

Hong Kong authorities thought about softening the requirements for the trade in cryptocurrencies

Neobank N26 in partnership with Bitpanda will launch a crypto trade service

What is cryptocurrency in simple words?

Binance announced a line of indexes for passive crypto -investors

Betterment has added the possibility of investing in crypto portfires

STEP banking platform has launched a crypto investment service

*Daily newsletter – a brief summary of the most important news of the previous day. Reading takes no more than two minutes. It turns out on business days at 08:00 in Kyiv

*Weekly mailing – we explain who and how changed the industry in a week. Ideal for those who do not have time behind the news stream during the day. It turns out on Friday at 20:00 in Kyiv.

FORKLOG – Bitcoin’s cult magazine, blockchain technology and digital economy. We supply news and analytics in the cryptocurrency market since 2014 daily. About us advertising

All published materials belong for forklog. You can reprint our materials only after agreeing with the editors and indicating the active link to FORKLOG.

All published materials belong for forklog. You can reprint our materials only after agreeing with the editors and indicating the active link to FORKLOG.