Cryptocurrencies on a knife edge: Is this the slow decline of Bitcoin?

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ANALYSIS: Cryptocurrencies on a knife edge: Is this the slow decline of Bitcoin?

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Instead, bitcoin has become almost useless as a medium of exchange, given it is expensive and slow in transactions.

And if there is one thing the pandemic has proved, it has evolved into a purely speculative, high-risk plaything. As the price graph above shows, global stock and property markets — both of which have inflated enormously as interest rates have been cut to zero — have been relatively tame in comparison.

For years a critic of crypto, the RBA, like many major central banks, has nevertheless been exploring ways of applying the blockchain technology behind cryptocurrencies for use in its own operations.in a speech last Wednesday

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Saying bitcoin isnt useful is daft, its a currency!

Until it’s not.

Bro, China has already banned cryptocurrency 18 times. Next time include that in your article.

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Let's hope so

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Another day, another misinformed, misleading article from looking for clicks. I can’t see what their MO is because they are paid for by the taxpayer and should not display bias, and inform based off fact, not hyperbole. Time to follow the money eh *kick backs*

Nice preparation the ABC are providing recently for CBDCs inbound . It seems you have become a puppet of the system . What a shock people are going to get soon when they find 'their money' is controlled at the back end by unelected central banks . Not concerned ?. You should be .

Attached are charts of Amazon , BTC and DXY (USD) which one is the most volatile ? Thats right its the one which robs working class people through inflation caused by magic printing of money . Which chart is in decline ?. USD. Charts are facts . Opinion is just that .

MikeRoberts0007 wow, read some of these idiots. It’s hilarious.

RemindMe_OfThis in four years.

It is very disingenuous to call this analysis.

No1 knows BTC is good but its also good to look at alternatives project that provide multifunctions anji_eco is one of them. It is not only vehicle to reach your financial destination,your journey withAnji will automatically benefit wider community both in BlockC & real world

Even if an Aussie stable coin is created - it is still pegged to a debasing currency. Btc is the opposite. And this time, institutions have not front run retail. I’ll take volatile up and to the right vs. declining down and to the right any day of the week.

Once again you indulge in misinformation and fear. you only lose money when you sell .Patience is the name of the game and most newbies are in a hurry to make money and dont possess it

The space is more about web3 development. Financial institutes can be automated and decentralised. Mycryptowallet was not decentralised and missed the entire point of web3. If you have crypto, move it of a centralised place ledger. If a business fails you don't lose your funds

Thank you for this absolutely misleading report. Typical report created by someone without real understanding, knowledge and information.

Ohh dear, ABC. With corruption rife within the US $ as world Reserve currency. The abuse of Fiat by banks and Central Banks. Do you really think, after the GFC,trust will fully go back to a centralised system. I don't think so. So no, it is not the end of Bitcoin or Ethereum !!

No, it's only just getting started. Like all markets it's just had an unstable couple of weeks as investors were nervous about inflation, Evergrande and omicron. Ready to take off again.

Was meant to replace cash but it has a cash value. Never got the idea. Can't buy a beer with bitcoin

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