German TV Channel Says Bitcoin Is “Digital Gold”
One of Germany’s oldest and well known publicly owned television channels Das Erste recently aired a full featured news report on bitcoin, referring to the cryptocurrency as “digital gold.” A German Reporter Learns that Bitcoin Gives Individuals a Banking Choice, Being Your Own Bank. In a recently broadcast television show a Das Erste reporter provides....
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Well known publicly owned German TV channel, Das Erste, recently aired a full feature report on the digital currency bitcoin, referring to it as ‘digital gold.’ In the broadcast television show, Das Erste produces a detailed report on bitcoin and how people within Germany are using the currency to pay for everyday items. An interview with Martijn Wismijer, who is well known for having his bitcoin wallet implemented via a chip in his hand, sees him demonstrating its use to the reporter. In the report, he states: I’ve had a chip implant since 2014. You can hardly see it, but here is the....
Bitcoin, still the cryptocurrency to beat in terms of market cap, has made a lot of progress towards its quest for mass adoption. Earning the status as a legal tender in El Salvador is the biggest one yet for the asset that is dubbed as “digital gold” and the “future of money.” As the maiden […]
Galaxy Digital’s billionaire CEO told CNBC he’s shocked at the speed of cryptocurrency adoption. Galaxy Digital CEO Mike Novogratz believes Bitcoin (BTC) is on track to meet or exceed gold’s market capitalization amid a rapid wave of retail and institutional adoption of the digital asset. In an interview with CNBC’s Squawk Box, Novogratz said cryptocurrency “adoption’s happening much faster than I predicted,” adding that “it’s shocking to me how fast people are moving into the system.”Novogratz, who has been involved in Bitcoin since 2013 when the digital currency was valued at around....
One of bitcoin’s main selling points has been the fact that its return has often put it ahead of the inflation rate. Due to this, it has gained notoriety as the “digital gold” as a good portion of the community put forward that the digital asset is a better inflation hedge than any asset. However, […]
The price collapse of “black gold” locked Nigerians into their economy. Now, “digital gold” is providing some Nigerians with a way out. Only three years ago, crude oil cost over $100 a barrel. But that peak came tumbling down. Throughout 2014 and 2015, oil prices took an almost unprecedented plunge to the $30 range, and is currently trading around $50 a barrel. As the lifeblood of Africa’s largest economy, Nigerian income from exports plunged with it. Faced with dwindling foreign currency reserves, Nigeria’s central bank was quick to impose capital controls. Whole industries were banned....