Luna Buys More Than $1 Billion in BTC - BitcoinEthereumNews.com
BitcoinBumili si Luna ng Higit sa $1 Bilyon sa BTC05 / 25 / 2022Balita ng Ethereum ng Bitcoin The Luna Foundation has gotten its hands on $1.5 billion in bitcoin to boost the reserves of U.S. Terra, its most popular stable currency. Luna Gets Its Hands on a Lotta Bitcoin Do Kwon – the co-founder and CEO of Terraform Labs, the group that launched the Terra blockchain – says that by the end of September, he expects to garner as much as $10 billion in new funding through BTC. He commented in an interview: For the first time, you‘re starting to see a pegged currency that is attempting to observe the bitcoin standard. It’s making a strong directional bet that keeping a lot of those foreign reserves in the form of a digital native currency is going to be a wining recipe. The jury‘s still out on the effectiveness on the subject, but I think it is symbolic in the sense that we live in a time where there’s excess money printing across the board and when monetary policies highly politicized that there are citizens that are self-organizing to try to bring systems back to a sounder paradigm of money. At the time of writing,