Nobel Prize winner in economics Eugene F. Fama predicted in the Capitalisn't podcast that Bitcoin will return to zero within 10 years. He believes that the blockchain financial system requires too much computing power and is unsustainable.
Fama pointed out that cryptocurrencies violate the basic rules of exchange mediums and their value is highly unstable. He questioned Bitcoin's position as "digital gold" and believed that it would be worthless without practical use.
Lagarde said at a press conference that reserves must be liquid, safe, reliable and free from suspicion of money laundering or criminal activity. She expressed confidence that Bitcoin would not be included in the reserves of any central bank at the General Council.
🇧🇷 Brazilian oil giant Petrobas is about to start Bitcoin $BTC mining
They plan to use the natural gas produced during oil extraction to power Bitcoin mining. ⚡️
According to CryptoQuant CEO Ki Young Ju, he posted on the social platform X that he supports the idea of Ethereum founder Vitalik, even though ETH may perform poorly, but this is only because he chose to create value instead of making money.
He also said that the industry is on the verge of crossing the line and becoming a playground for scammers under cruel capitalism. Similar situations have occurred before 2018. It is extremely challenging to keep our sanity here. Cryptocurrency should create value, not deceive people.
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PostFinance, a crypto-friendly retail bank wholly owned by the Swiss government, is offering ether staking services to its 2.7 million customers, which represents about a quarter of the Swiss population. The service will offer investments using ether (ETH) for a minimum fixed period of twelve weeks and the opportunity to sell credited staking rewards, the bank said in a blog post on Jan. 16.
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