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These Are The Four Main Reasons For The Coming Crypto Crash
Reason 1 : Elon Musk tweeted "Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company….To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla. However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere. Bitcoin is almost as bs as fiat money. The key word is “almost”."
Reason 2 : Peter Schiff quoted Elon on Twitter “even Elon thinks Bitcoin is as BS as Fiat money”.
Reason 3 : Reason 3: Janet Yellen criticized Bitcoin saying it's used for illicit activities, it's not efficient and people should be careful speculating.
Reason 4: Tether and Bitfinex were banned from trading in NYC. The New York attorney general said that tethers were not fully backed at all times and they were fined $18.5 million dollars. Tether and Bitfinex responded saying that they admit no wrongdoing in anything and that when it boils down to it, it’s just a matter of disclosure and transparency.
#bitcoin#ethereum#elonmusk#Andreijikh
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