Critics like John Quiggin question bitcoin’s legitimacy, comparing it to worthless assets, but the value of any commodity, including bitcoin, often depends on community recognition and market demand. The analogy of the diamond rush in Zimbabwe illustrates that value is often realized only when a market exists. Australian Treasurer Wants Country to Be Proactive When […]
Ripple CEO predicts US crypto boom, study shows 76% of KOLs promoted worthless meme coins, Coinbase CEO strongly endorses D.O.G.E., and more in this Week in Review. Week in Review Ripple CEO Brad Garlinghouse forecasted a major U.S. crypto boom, driven by potential regulatory shifts from a seemingly friendlier SEC. A Coinwire study exposed that […]
An independent nonprofit organization said the U.S. Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds has enabled the “mass marketing of a known worthless, volatile, and fraud-filled financial product to Main Street Americans.” The organization claimed that bitcoin proponents will likely portray the approval as some kind of government endorsement of cryptocurrencies. Large […]