Bank of England: some crypto are like Amazon and eBay - BitcoinEthereumNews.com
cryptoBank of England: ang ilang crypto ay tulad ng Amazon at eBay06 / 23 / 2022Balita ng Ethereum ng Bitcoin Yesterday, the deputy governor of Britains central bank, Jon Cunliffe, said that the survivors of the cryptocurrency collapse could one day become technology companies that rival Amazon and eBay. The future of crypto after the collapse Bloomberg reports this, citing a speech given by Cunliffe at the Point Zero Forum in Zurich. Ang Bank of England (BoE) vice-president compared the recent $1 trillion-plus collapse to that of dotcoms at the turn of the century. Back then, in 2000, $5 trillion were burned from the financial markets after the boom of the so-called “dotcoms”, the new Internet-related technology companies. At the time, these sprang up like mushrooms and landed on the stock market at lightning speed, driven by euphemistic promises of huge future profits, which later turned out to be mostly lies. Cunliffe in this regard said: “A lot of companies went, but the technology didnt go away. It came back 10 years later, and those that survived — the Amazons and the eBays — turned out to be the dominant players”. For Cunliffe, the technology behind cryptocurrencies would also have enormous applications and potential in the financial sector, even