Does Bitcoin have intrinsic value?
Speaking in the National Assembly on Feb. 23rd, Bank of Korea Governor Lee Ju-yeol has said that crypto assets like Bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth.
Lee believes that rising corporate interest in BTC, as well as concerns over looming excessive inflation due to too much fiat money printing by world governments, has given the crypto a leg up.
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In the news
The vocal Microsoft founder is no longer a Bitcoin bear, declaring he has taken a neutral stance on bitcoin as an investment.
However, as an innovation, he says that cryptocurrency is one that the world would be better off without because it allows for certain criminal activities.
Binance temporarily suspends Ethereum and ERC-20 token withdrawals
Reversing its earlier decision and restoring service in an announcement only 37 minutes later, traders were quick to pile on with criticism.
Binance has become a big target among the crypto community after being blamed for persistently high gas costs, some claiming that the congestion is a coordinated effort to attract more users to its Binance Smart Chain.
At the end of December, the Carolina Panthers offensive lineman, Russell Okung told the public he would be getting half his $13 million salary paid in Bitcoin.
“I stack sats, [the] price goes up, I stack some more, [the] price goes down and stack again,” Okung tweeted recently, “This isn’t financial advice."
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