By : The price stumbled toward the end of the week but it looks like the bulls have gotten it together. is now moving higher by nearly 7% to approximately $7,800 at last check on CoinMarketCap. The price had fallen as low as approximately $7,000 on Friday, and some traders have been . It seems as though that won’t happen, at least not today.
| Source: CoinMarketCap
Even though the sudden reversal came suddenly and seemingly disrupted some weekend plans, nobody on Crypto Twitter was complaining.
on the move again.
— Mati Greenspan (@MatiGreenspan)
Morgan Creek Capital Management CEO Mark Yusko points out that “ never sleeps,” which certainly paves the way for the rally.
— Mark W. Yusko (@MarkYusko)
BOE Official Suggests bitcoin Could Replace Cash
There is a thread about a UK central banker coming to terms with the rise of . According to the Reddit thread, Bank of England Chief Economist Andrew G. Haldane spoke to college students on May 17 and the topic of came up. He was refreshingly open-minded. The Reddit member explained:
“One person asked what he thought of and his response surprised me. He said it could replace cash; he even joked about us likely having in our wallets. He said he didn’t think it’d replace cash tomorrow, but he was quite open to the idea 20 or 30 years down the line. He was also quite familiar with and joked that there were now thousands of them.”
It’s no secret that digital payments are usurping cash. But for the BOE official to recognize as the digital currency that will eventually replace cash – even if it’s in two or three decades – is a strong display of confidence in the peer-to-peer currency. Even the ecosystem knows that it is a marathon and not a sprint, so Haldane’s forecast probably resonated with many people. Some industry leaders such as BitMEX’s Arthur Hayes has previously suggested that could replace cash a lot faster than that. But the fact that a central banker and the CEO of a exchange are in the conversation is certainly a bullish sign for .
60 Minutes Effect
As CCN previously reported, CBS show “60 Minutes” will be airing a this weekend. Anderson Cooper has already interviewed for the program.
The pioneer tweeted:
“This Sunday 60 Minutes will air its first episode ever. I really enjoyed explaining why crypto is important to Anderson Cooper and what its future holds!”
This Sunday will air it’s first episode ever. I really enjoyed explaining why crypto is important to and what ifs future holds!
Want to hear more ? I just dropped the first 5 episodes of UNTOLD STORIES! Tune in now at
— Charlie Shrem (@CharlieShrem)
2019 is proving to be the year of resilience for . Whoever decides to be against the No. 1 is going to be in for a long ride.
Don’t bet against , and don’t bet against B…
— CZ (@cz_binance)
Published at Sun, 19 May 2019 04:08:18 +0000
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