Twitter Featured | Euro Pacific Capital CEO: The idea of ​​turning bitcoin into digital gold is wrong


There are a total of seven Twitter messages today.

1. The cryptocurrency media The Block

Bitcoin derivatives provider Bakkt has just set the highest single-day trading volume of Bitcoin futures that is actually settled each month.

Last Friday's trading volume reached approximately $15.33 million, surpassing the October 25 high of $10.25 million. Since its launch on September 23, Bakkt's monthly total bitcoin futures trading volume is currently $106.74 million (12012 BTC).

2. Morgan Creek Capital founder Pomp

One of the most undervalued aspects of cryptocurrencies is that it creates huge revenue opportunities for people living in less developed countries.

– mining

– pledge

– interest account

There will be more income opportunities in the future, but the democratization of financial services is underway.

3. Digital payment system Square Crypto

We are participating in the taproot BIP review. This seven-week project aims to increase understanding of schnorr / taproot (note: Bitcoin updates. Will expand the flexibility of smart contracts in the network and provide stronger privacy features) , attracting stakeholders to participate in Bitcoin consensus Develop and maintain the decentralization of protocol development.

Note: Square Crypto was founded by Twitter CEO Jack Dorsey, who is a supporter of Bitcoin.



4. European Central Bank President Jean-Claude Trichet

Yahoo Finance reported that Trichet said in a panel discussion at the tenth annual financial conference in Beijing on Sunday:

"I strongly oppose Bitcoin. I think we are a bit smug." "[Encryption] The currency itself is not real and has the characteristics that money must have."

Trichet served as the ECB President from 2003 to 2011 and previously served as the Bank of France for 10 years. He said that the purchase of cryptocurrencies "is pure speculation in many ways." “Even if [cryptocurrency] should rely on the underlying assets, I have observed a lot of speculation. This is not healthy.”


5. Former US Congressman Ron Paul

Ron Paul launched a survey on Twitter:

A rich man gives you $10,000. You can choose how to accept the gift from the following options.

But there is one place to pay attention: you must save the gift in the form you choose for 10 years without touching it.

In what form will you accept the gift?

The final vote totaled 77,350 votes, 59% of netizens chose to accept gifts in the form of bitcoin, 32% of netizens chose gold form, 7% of netizens chose 10-year US Treasury bills, and 2% of netizens chose Federal Reserve Notes.

What form would you choose?

6. NASDAQ former CEO Robert Greifeld

In the podcast The Scoop, former Nasdaq CEO Robert Greifeld said that when he was at the helm of NASDAQ in 2006, the speed of the regulator's operation made him feel overwhelmed. He says:

“At some point, I said a word, we can call the US Securities and Exchange Commission (SEC) to operate at an erosive speed, but this will be an insult to erosion. The result (things) is going at a completely different speed. Processing."


7. Peter Schiff, CEO of Euro Pacific Capital and Gold Supporter

Facebook Libra's David Marcus is right, because bitcoin is too volatile to be used as a medium of exchange, but it is wrong for him to call bitcoin digital gold. Although the price fluctuation of Bitcoin is too large to be used as a medium of exchange, the volatility of gold is very low and can be used as a medium of exchange!

Author: In this Kwai @The Block Hub

Look at the cryptocurrency big Twitter, right in The Block Hub

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


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