#CNBC Fast #Money’s Brian Kelly: #Bitcoin Is #Like The ‘ #Internet In The 1980s’
Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980s,” emphasizing that Bitcoin (BTC) is still in its early stages in an April 13 interview on CNBC’s Trading Block.
When asked about Bitcoin’s potential, Kelly answered that while he used to see crypto as comparable to the Internet in 1995, he now understands that a better comparison is further back: “I think this technology is going to work, it’s going to be game changing, but it’s very early days, so we can have this massive volatility.” Kelly compares Bitcoin to early Internet companies Cisco and Microsoft, equating Bitcoin with Cisco’s router and Internet protocols. However, Kelly underlines that it is incorrect to think of Bitcoin as a company or a stock: “This is an open source software, you can’t think of it as a company, and that’s where people make their mistake [...] This is not a stock, this is not a company.” Bitcoin’s price slump since the new year has been attributed by Fundstrat’s Tom Lee to a taxpayer sell off in the US before the tax day, April 17. According to the interview, Kelly agrees with Lee’s analysis, adding that “we’ll know presumably after April 17 if we can hold these gains.” Kelly also mentions the recent report by analysts at Barclays that referred to cryptocurrency as a “virus” and an infectious disease that would “never hit another high again.” Kelly notes that the moment right after such negative articles are published is when he “wants to buy any asset, whether it’s Bitcoin or not.” On Friday, Kelly said in a another interview that he supports investment tycoon Tim Draper’s assessment that Bitcoin could hit $250,000 by 2022.
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Con la finalidad de impulsar y normalizar el conocimiento sobre la tecnología blockchain en las oficinas púbicas, el Partido Comunista Chino publicó el libro Blockchain – Guía para dirigentes, pensado para los funcionarios de gobierno y cuadros del partido. Así se desprende de una publicación en el portal web del Diario del Pueblo órgano informativo oficial del partido.
👇 En funcionario instó a sus colegas de la industria a continuar abordando la tecnología blockchain desde una perspectiva que promueva su desarrollo sostenible y saludable, lo que remite al interés del gobierno chino en facilitar el desarrollo y la adopción de la tecnología.
A finales de mayo de este año, el presidente país asiático, Xi Jinping, dijo que blockchain forma parte de una revolución tecnológica y afirmó que, junto a otras tecnologías, representa un importante avance científico. En aquel momento su discurso ratificó la posición de su gobierno, expresada anteriormente por otros funcionarios, que expresaron aceptación hacia la tecnología blockchain, pero penalizan el uso de criptomonedas.
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Less than two weeks after sharing Square’s cryptocurrency profits had doubled in the second quarter, the payments company made the long-awaited announcement on Twitter: users can now use Cash App to buy bitcoin in all fifty states.
The announcement appears to be effective immediately, with users reporting wide availability in tweets.
The move is yet another in a string of moves and statements by Square CEO Jack Dorsey, who has long expressed a bullish view of the cryptocurrency. “The internet will have a single currency. I personally believe that it will be bitcoin,” Dorsey said.
Square, which added bitcoin purchase and sale functionality to its payments app in late 2017, had slowly expanded bitcoin functionality in the time since. The simple mobile interface was made available to users in select states before the payments company acquired a bitlicense from the New York Department of Financial Services and added support in New York state in June. —— Do you use Square's cash app to buy and sell Bitcoin?
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