This Sunday 7 February 2021, Christine Lagarde was the guest of BFMTV to discuss the European and global economic context. She was asked about Bitcoin and the future of crypto-currencies in the economy. Elon Musk loves Dogecoin and is making it known, once again.
"Cryptos are not currencies but assets
Christine Lagarde wants the activities of crypto assets or crypto currencies to be subject to the same regulations and supervision by the ECB. Bitcoin being in the eyes of the ECB a speculative asset and still having the same reputation as a currency dedicated to dark web trading.
However, the ECB is increasingly looking at the issue of crypto-currencies.
We also heard once again about the digital euro, which the ECB wants to introduce.
Despite a mixed opinion about crypto and its values, the technology behind it, namely blockchain, is still increasingly present. Among the users of blockchain, the finance sector is the most advanced in the implementation of this technology through DeFi (decentralised finance).
Of course, many other players in the economy are implementing this technology. Technical skills related to blockchain are increasingly in demand. Many jobs are being created in start-ups as well as in large industrial groups.
The opportunities for the economy are numerous, from the creation of new applications to the establishment of a new ecosystem.
If the ECB is asking so many questions, it is because the world of cryptos and blockchain has a bright future ahead of it.
Elon Musk increasingly involved in the world of cryptos
You can take your technical analysis and throw it in the trash, from now on to know the trends of a crypto, subscribe to the twitter account of Elon Musk. Indeed, after a first pump of some cryptos last week via a Tweet, Elon Musk does it again.
The crypto Dogecoin is shooting for the moon in terms of valuation, but this time the move is for the long haul. Since February 4, 2021, Dogecoin has been steadily rising to reach 0.07cts today. This is all thanks to a vote set up on twitter by Elon Musk in which over 2 million people took part in the vote. Elon Musk's talents and influence have not finished making noise in the crypto universe.
Y.A with Blockchaincontract
