In 2020 we’ve seen another spike in Bitcoin’s price, from under $5,000 when the pandemic lockdowns began to over $28,000 in December. Are we looking at a reprise of 2018’s cataclysmic crash? Or is this just the beginning?
Although President Trump is still contesting the U.S. election, Joe Biden is moving forward with onboarding Gary Gensler, a crypto-savvy, former Wall Street veteran, as the head of the financial policy transition team. Find out how Gensler may influence the crypto sector and what his current opinions are on crypto.
As digital innovation in the financial sector thrives, there is still a massive need that only central banks can fulfill, which is to introduce their own digital currencies. In its latest report, the BIS not only makes this argument, but goes even further to claim that CBDCs have the potential to be the future of money.
As more countries hop onto the bandwagon of central bank digital currencies, their rollout appears to be increasingly imminent. Find out why this trend is becoming commonplace and how it could result in Bitcoin inheriting a larger following.