Bitcoin fällt unter 80.000 US-Dollar und setzt seinen Rückgang fort, da die Liquiditätssorgen zunehmen

tldr; Bitcoin fell below $80,000, dropping 6.53% to $78,719.63, continuing its decline amid concerns over liquidity and potential Federal Reserve policy changes under Kevin Warsh. Warsh’s stance on reducing the Fed’s balance sheet has raised fears of tighter financial conditions, impacting speculative assets like cryptocurrencies. Bitcoin has lost a third of its value since its October 2023 peak, while other cryptocurrencies like Ether also saw significant declines. Analysts warn of potential further selling in the coming days.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

I think comparing Bitcoin to Gold is crazy. Gold has been around since the beginning of time and it has always been sought after. It’s the best corrosive-free conductor known to mankind and its also used in jewelry.

Bitcoin is nothing more than computer code, computer code that is already obsolete when you compare Bitcoin’s speed to XRP, Solana, IOTA, Stellar, etc. Bitcoin wallets can also be hacked or stolen much easier than someone breaking into your home and taking it out of your safe. There is also the quantum computing threat which may present issues in the future. Bitcoin is also subject to more government regulation like what happened in China. Prior to 2021, they mined 2/3rds of the world’s bitcoin legally, now it’s illegal and they represent less than 15% of mining capacity. Additionally, we can create another code just like Bitcoin with better speed and security, but we cannot create gold or silver from nothing.