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2020-05-14 12:00:37

No Guarantee of Bitcoin Price Growing after Halving, Warns ING Economist

Bitcoin’s quadrennial supply cut event does not guarantee to boost its price, warned Carlo Cocuzzo, a Digital Finance Economist at ING. The veteran said that traders wrongly compare bitcoin with fiat currencies, stating the cryptocurrency is not even a currency. He partially agreed with Bitcoin’s store-of-value narrative but doubted it would prove bullish. For many...

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