Cryptocurrency | Altcoin will no longer be valuable

Morgan Creek Digital's founder, Anthony Pompliano, revealed in his tweet because there was no liquidity, they would eventually be removed from the exchange. Even so, some of them are likely to survive. This Tweet is intended for altcoin which is considered to be worthless in the future.

He further said that bankers switched from not being aware of cryptocurrency to asking for one of them as a global reserve currency. In this tweet, he refers to the governor of the Bank of England who said that the US dollar was too dominant and could be replaced by digital currency.

The Bank of England Governor said that hoarding the dollar is a barrier to global trade.

Mark Carney commented:
"The effect of the dollar on global financial conditions can also decline if the financial architecture develops around a new [digital currency] and displaces the dominance of the dollar on the credit market. By reducing the influence of the US on the global financial cycle, this will help reduce the volatility of capital flows to emerging market economies. "

Some central banks have released the possibility to issue the Central Bank Currency (CBDC). This digital asset functions for a virtual extension of each paper currency. Regarding the performance of altcoin on the market, most of their performance is lower than bitcoin which has been on a bullish trend since the beginning of the year.

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Cryptocurrency | Altcoin will no longer be valuable Cryptocurrency | Altcoin will no longer be valuable Reviewed by sheffter on August 29, 2019 Rating: 5

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