ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

September 30, 2023

Leased proof-of-stake (LPoS), explained

September 30, 2023

FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

September 30, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

    September 30, 2023

    Bitwise announces Ethereum ETF’s launch on October 2

    September 30, 2023

    Coinbase CEO Brian Armstrong Says the US Needs Crypto Regulatory Clarity To Maintain the Dollar-Based Soft Power

    September 30, 2023

    Bitcoin Price Prediction as BTC Holds At $26,800 Level – Best Time to Buy?

    September 30, 2023

    Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

    September 29, 2023

    Crypto Analyst Says Bitcoin (BTC) Is ‘Worth Watching’, Dives Deep Into Chainlink (LINK)

    September 29, 2023

    A $600 billion tipping point for crypto

    September 29, 2023

    Bitcoin About To Hit New Highs As ‘Completely New Environment Unfolds’ for BTC, Says Glassnode Co-Founders

    September 29, 2023

    Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

    September 29, 2023

    Invesco Galaxy applies for Ether spot ETF

    September 29, 2023

    Valkyrie backtracks on Ether futures contract purchases until ETF launch

    September 29, 2023

    Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF

    September 28, 2023

    Analyst Michaël van de Poppe Says Top-50 Altcoin That’s Exploded Nearly 800% Year-to-Date Ready for a ‘New Leg Up’

    September 30, 2023

    Top-35 Altcoin Ignores Crypto Market Doldrums and Surges by Nearly 45% in the Past Month Amid Spike in Activity

    September 30, 2023

    Shiba Inu Team Advises Investors To Do Their Own Research, Be Wary of Suspicious SHIB Partnerships

    September 29, 2023

    Crypto Trader Says Controversial Altcoin Could Surge by Double Digits, Updates Outlook on Biconomy and Terra

    September 29, 2023

    Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

    September 30, 2023

    Leased proof-of-stake (LPoS), explained

    September 30, 2023

    FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

    September 30, 2023

    Bitwise announces Ethereum ETF’s launch on October 2

    September 30, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    🚨BREAKING🚨 First U.S. Ethereum ETF APPROVED! (Altcoin Pump Coming?)

    September 29, 2023

    Ethereum Futures ETF: 90% Odds of Approval and What It Means! #shorts #crypto #youtubeshorts

    September 29, 2023

    Congress Still Gets Paid During a Shutdown? Here's the Truth! #shorts #crypto #youtubeshorts

    September 29, 2023

    CHINA To Kick Off Next Black Swan Event?! #crypto #shorts #youtubeshorts

    September 28, 2023

    “Winners Do THIS More” | Mark Yusko #success #motivation #crypto

    September 28, 2023
  • bitcoinBitcoin(BTC)
    $0.00-0.04% 24H
    BITCOIN
    24H : -0.04%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.400% 24H
    ETHEREUM
    24H : 0.400%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.04% 24H
    TETHER
    24H : -0.04%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.45% 24H
    BNB
    24H : -0.45%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.43% 24H
    XRP
    24H : -3.43%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSDC(USDC)
    $0.000.020% 24H
    USDC
    24H : 0.020%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.000.430% 24H
    LIDO STAKED ETHER
    24H : 0.430%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.59% 24H
    CARDANO
    24H : -0.59%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.00-0.35% 24H
    DOGECOIN
    24H : -0.35%
    Volume : $0.00
    Marketcap : $0.00
  • solanaSolana(SOL)
    $0.001.22% 24H
    SOLANA
    24H : 1.22%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.00-0.04% 24H
    BITCOIN
    24H : -0.04%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.400% 24H
    ETHEREUM
    24H : 0.400%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.04% 24H
    TETHER
    24H : -0.04%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.45% 24H
    BNB
    24H : -0.45%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.43% 24H
    XRP
    24H : -3.43%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSDC(USDC)
    $0.000.020% 24H
    USDC
    24H : 0.020%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.000.430% 24H
    LIDO STAKED ETHER
    24H : 0.430%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.59% 24H
    CARDANO
    24H : -0.59%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.00-0.35% 24H
    DOGECOIN
    24H : -0.35%
    Volume : $0.00
    Marketcap : $0.00
  • solanaSolana(SOL)
    $0.001.22% 24H
    SOLANA
    24H : 1.22%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Nayib Bukele reminds Peter Schiff why banks can’t trump BTC
Bitcoin

Nayib Bukele reminds Peter Schiff why banks can’t trump BTC

Coin TelegraphBy Coin TelegraphJuly 7, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Since the closure of his bank in Puerto Rico, Peter Schiff has been at the receiving end of Bitcoin (BTC) proponents, reminding him this wouldn’t have happened if he was using BTC.

The latest to taunt the gold proponent is none other than El Salvador President Nayib Bukele, who has had a fair share of interactions with Schiff ever since El Salvador adopted BTC as a legal tender last year.

Bukele responded to one of the tweets made by Schiff in January this year criticizing BTC and predicting that the likes of Microstrategy CEO Michael Saylor and Bukele himself would eventually have to sell their BTC holdings as price drops. The President responded to the tweet by asking about his bank.

The exchange between the two critics comes when the global financial markets are in ruins. On the one hand, the crypto market has lost more than 60% of its market cap from the top, and on the other, the equity market is at an all-time low.

How’s your bank going?

— Nayib Bukele (@nayibbukele) July 6, 2022

Schiff has been quite vocal about his bank closure and has blamed the corrupt local government for it. He has said that the government is illegally trying to extort him for criticizing them.

The IRS and J5 targeted my bank due to my outspoken criticism of excess government taxation and regulation. Their illegal efforts to punish free speech, deprive me of property without due process, and needlessly put thousands of customers at risk, actually justifies my criticism.

— Peter Schiff (@PeterSchiff) July 6, 2022

While Schiff claims the bank was closed due to his criticism of the government, it highlights how centralized financial institutions such as banks often curtail financial freedom. The price of BTC might fluctuate over time, but the owner is in full control of their funds if they haven’t put them on a centralized exchange.

Related: Deutsche Bank analysts see Bitcoin recovering to $28K by December

Critics often highlight the volatility in the crypto market. Still, the traditional financial market is in no better state either, with inflation touching decade highs and several top stocks registering more significant losses than BTC in 2022.

BTC has been crucial in offering financial freedom to nearly 70% of the unbanked population of El Salvador. Although the price of BTC has dipped more than 60% from its top, and critics often like to point out the decline in the number of BTC purchases by the Central American nation, the country has onboarded 4 million unbanked using their national Bitcoin wallet.

El Salvador’s remittance network has been enhanced by the BTC adoption, accounting for millions in cross-border transactions with minimal fees. The country has proven that Bitcoin can offer financial freedom to the unbanked.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

September 29, 2023

Crypto Analyst Says Bitcoin (BTC) Is ‘Worth Watching’, Dives Deep Into Chainlink (LINK)

September 29, 2023

A $600 billion tipping point for crypto

September 29, 2023

Bitcoin About To Hit New Highs As ‘Completely New Environment Unfolds’ for BTC, Says Glassnode Co-Founders

September 29, 2023

Costo sells out of gold bars, but is it a better investment than Bitcoin?

September 29, 2023

CoinShares says US not lagging in crypto adoption and regulation

September 29, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

September 30, 2023

Leased proof-of-stake (LPoS), explained

September 30, 2023

FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

September 30, 2023
# Name Price Changes 24h Market CAPVolume Supply
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.