In an email to CoinDesk, Anthony Georgiades, co-founder of Pastel Network, a decentralized blockchain for non-fungible tokens (NFT), cryptos and Web3 technology, attributed bitcoin’s plunge under $30,000 to “converging elements,” particularly the looming prospect of an inflation-focused Fed continuing its diet of hawkish interest rate hikes. But he also noted a loss of public confidence in the dollar and banking system.
Related posts
-
$33.14 Billion At Risk If The Bitcoin Price Hits $72,462, Here’s Why
Este artículo también está disponible en español. Crypto analyst Ash Crypto has alerted the crypto community... -
Exploring 7 Different Investment Strategies for Bitcoin: A Guide for Investors
Investing in bitcoin (BTC) does not require buying a whole coin. Investors can buy fractions of... -
Former Sodastream CEO Offers $100K in Bitcoin for the Safe Return of Israeli Hostages
In the midst of the ongoing conflict between Israel and Hamas, Israeli Prime Minister Benjamin Netanyahu...