Bitcoin slides to multi-month lows as China tries to 'ban' cryptos – Vincent Chok
Bitcoin tumbles to February lows as the People's Bank of China (PBOC) issued a stark warning about Bitcoin.
According to the PBOC's official WeChat account, cryptocurrencies should not be used in financial markets or the real economy because they are not "real" currencies.
Vincent Chok, CEO of First Digital Trust, said that the government is trying to de-legitimize Bitcoin ahead of the launch of the digital Yuan.
Ultimately, however, Bitcoin and central bank digital currencies will co-exist, as they each serve different functions.
0:00 - China warns about Bitcoin
3:02 - Institutional adoption of Bitcoin
5:10 - Bitcoin & stable coins as form of payment
9:16 - DeFi adoption
10:34 - Central bank digital currencies
15:00 - Crypto regulations
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Видео Bitcoin slides to multi-month lows as China tries to 'ban' cryptos – Vincent Chok канала Kitco NEWS
According to the PBOC's official WeChat account, cryptocurrencies should not be used in financial markets or the real economy because they are not "real" currencies.
Vincent Chok, CEO of First Digital Trust, said that the government is trying to de-legitimize Bitcoin ahead of the launch of the digital Yuan.
Ultimately, however, Bitcoin and central bank digital currencies will co-exist, as they each serve different functions.
0:00 - China warns about Bitcoin
3:02 - Institutional adoption of Bitcoin
5:10 - Bitcoin & stable coins as form of payment
9:16 - DeFi adoption
10:34 - Central bank digital currencies
15:00 - Crypto regulations
__________________________________________________________________
Kitco News is the world's #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don't forget to sign up for Kitco News' Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео Bitcoin slides to multi-month lows as China tries to 'ban' cryptos – Vincent Chok канала Kitco NEWS
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