Piyush Gupta, the CEO of DBS Bank, the largest financial institution in Singapore, believes that cryptocurrencies could become a viable replacement for gold and its current role in the financial system.
Gupta noted that the current volatility of the crypto market will prevent the digital asset from becoming “money as we know it”
“Today, cryptocurrencies are a possible source of speculative value; however, they are unlikely to be a source of money in the traditional sense.” the CEO said.
#bitcoin #dcx #swipecoin
#cryptocurrency #NFT #DeFi
#WEOUT. #dcx2022
Disclaimer: This is for information and education purpose only. DCX/Swipecoin doesn't provide any financial and investment advice or ideas. We don't hold any authority on the information provided.
Photo Credit: Paid membership with ShutterStock
Gupta noted that the current volatility of the crypto market will prevent the digital asset from becoming “money as we know it”
“Today, cryptocurrencies are a possible source of speculative value; however, they are unlikely to be a source of money in the traditional sense.” the CEO said.
#bitcoin #dcx #swipecoin
#cryptocurrency #NFT #DeFi
#WEOUT. #dcx2022
Disclaimer: This is for information and education purpose only. DCX/Swipecoin doesn't provide any financial and investment advice or ideas. We don't hold any authority on the information provided.
Photo Credit: Paid membership with ShutterStock
#BTC.D 4H Chart
Bitcoin dominance moved down and left a couple of supply zones around 42.2% and 42.6% respectively. It recently just tapped into the 4h demand zone at 41.9% as expected from where it got heavily rejected. We shall wait for its reaction on each of the supply zones for more confirmation.
https://www.tradingview.com/x/MK1y1bvI/
Bitcoin dominance moved down and left a couple of supply zones around 42.2% and 42.6% respectively. It recently just tapped into the 4h demand zone at 41.9% as expected from where it got heavily rejected. We shall wait for its reaction on each of the supply zones for more confirmation.
https://www.tradingview.com/x/MK1y1bvI/
TradingView
TradingView Chart