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Battle Between Legal Currency and Cryptocurrency: Opinion and Reality

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According to reports, Carstens, the head of the Bank for International Settlements, said that the French currency had won the battle with cryptocurrency. Mike …

Battle Between Legal Currency and Cryptocurrency: Opinion and Reality

According to reports, Carstens, the head of the Bank for International Settlements, said that the French currency had won the battle with cryptocurrency. Mike Novogratz, the chief executive of Galaxy, said that it was too opinionated. In the past decade, the tons of French currency had depreciated by more than 50%, while BTC and ETH had appreciated a lot. CZ, CEO of Coin Security, believes that there is no battle between cryptocurrency and legal currency, and technology does not fight anyone. Use it if you like it, don’t use it if you don’t like it. That’s it, but more and more people will use encryption… It’s worth waiting.

CZ: There is no battle between cryptocurrency and legal currency

Interpretation of the news:


The increasing popularity of cryptocurrencies has led to various debates about their impact on traditional legal currencies. Some experts believe that cryptocurrency has won the battle against the French currency, while others think it is too early to make such a claim. The head of the Bank for International Settlements, Carstens, has reportedly stated that the French currency has won the battle against cryptocurrency. However, Mike Novogratz, the CEO of Galaxy, has expressed his disagreement with this opinion. In his view, the comparison between the two is too opinionated.

In recent years, cryptocurrency has gained significant attention as an alternative investment option, and many people have chosen to invest in digital currencies like Bitcoin and Ethereum. The value of these cryptocurrencies has increased substantially over the past decade, while the value of many traditional currencies has depreciated. For instance, Carstens stated that the value of the French currency had depreciated by over 50% in the past ten years. This has fueled debates about the superiority of cryptocurrency over legal currency.

However, CZ, CEO of Coin Security, believes that there is no battle between cryptocurrency and legal currency. In his view, technology does not fight anyone, and people should use it if they like it, and not use it if they don’t like it. He added that more people are likely to use encryption in the future, and it is worth waiting to see what happens.

In conclusion, the debate about the battle between legal currency and cryptocurrency is complex, and opinions are divided. While some experts believe that cryptocurrency has won the battle, others view the comparison between the two as too opinionated. Despite the debate, the increasing popularity of cryptocurrency indicates that more people are likely to use encryption in the future. Thus, it is crucial to monitor this trend and assess its impact on traditional currencies.

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