Sunday, June 26, 2022
Arover
  • Home
  • Cryptocurrency
  • Economy
  • Technology
No Result
View All Result
  • Home
  • Cryptocurrency
  • Economy
  • Technology
No Result
View All Result
Arover
No Result
View All Result
Home Cryptocurrency

El Salvador Review by Fidelity: “It’s overrated”

Zachary Pearce by Zachary Pearce
September 9, 2021
in Cryptocurrency
0
El Salvador Review by Fidelity: “It's overrated”
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

The echoes of El Salvador’s Bitcoin move continue. Another comment on the move came from leading asset manager Fidelity. Fidelity’s Jurrien Timmer argued that the event was exaggerated because the dollar still dominates.

Contact us to be instantly informed about the last minute developments. Twitter and Telegram You can follow our channel.

The legislation officially went into effect on September 7, three months after the country announced that it would accept Bitcoin as a legal currency. While the crypto community drew attention to the importance of the move and that other countries could make a similar move, a different comment came from Fidelity executive Jurrien Timmer.

Jurrien Timmer, executive director of Fidelity Investments, recently spoke to CNBC. movement “new and interesting Timmer described it as a “development” “a bit overrated” He said he believed. Timmer used the following statements on the subject:

“El Salvador has not left the US dollar as a peg – the currency has not switched from the dollar to Bitcoin as a peg… It still has dollars and people can decide to get paid in dollars. So it’s basically a voluntary thing.”

Timmer also pointed out that Bitcoin is used here as a medium of exchange, not a store of value. “first test” he warned. As is known, this may cause some problems due to scalability problem.

Timmer’s comment is not the first criticism of El Salvador. The country had previously received criticism from institutions such as BIS, Moody, and some economists for its Bitcoin move.


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: FidelityoverratedreviewSalvador
Previous Post

Samsung’s Galaxy Note lineup seems to be abandoned forever

Next Post

Amazon good deal: € 299 off the space gray MacBook Pro

Zachary Pearce

Zachary Pearce

Related Posts

Magimix Cook Expert food processors: which one to choose?
Cryptocurrency

Magimix Cook Expert food processors: which one to choose?

by Zachary Pearce
June 26, 2022
Paribu
Cryptocurrency

Popular Chocolate Brand Mars Inc. Files NFT and Metaverse Trademark Application for M&Ms

by Zachary Pearce
June 26, 2022
Registry of cryptocurrency operators: who is obliged to register?
Cryptocurrency

Registry of cryptocurrency operators: who is obliged to register?

by Zachary Pearce
June 26, 2022
Cryptocurrency

Good deal – The HP Pavilion Aero 13 (Ryzen 5 5600U) 16 GB / 512 GB laptop at € 699.00 (-24%)

by Zachary Pearce
June 26, 2022
Indonesia to Host Coinfest Asia, First and Largest Cryptocurrency Festival in Asia
Cryptocurrency

Indonesia to Host Coinfest Asia, First and Largest Cryptocurrency Festival in Asia

by Zachary Pearce
June 26, 2022
Next Post
Sur Amazon, le MacBook Pro 16 pouces est en réduction © Amazon

Amazon good deal: € 299 off the space gray MacBook Pro

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Cryptocurrency
  • Economy
  • Technology

Browse by Tags

Amazon Analysis Announces Billion Binance Bitcoin black BTC Buy Cdiscount CEO connected Crypto Cryptocurrencies cryptocurrency deal digital economy electric ETH Ethereum finance Friday Galaxy Global warming Good launches Market Metaverse Million NFT plan Price Pro review sale sales Samsung smartphone Space Star stars tech telecoms Test
Arover

Latest News About Crypto Money News , Bitcoin News , Altcoin News And Price Analysis cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance price updates.
Contact Us : [email protected]

Categories

  • Cryptocurrency
  • Economy
  • Technology

Browse by Tag

Amazon Analysis Announces Billion Binance Bitcoin black BTC Buy Cdiscount CEO connected Crypto Cryptocurrencies cryptocurrency deal digital economy electric ETH Ethereum finance Friday Galaxy Global warming Good launches Market Metaverse Million NFT plan Price Pro review sale sales Samsung smartphone Space Star stars tech telecoms Test

Recent Posts

  • Magimix Cook Expert food processors: which one to choose?
  • Popular Chocolate Brand Mars Inc. Files NFT and Metaverse Trademark Application for M&Ms
  • Registry of cryptocurrency operators: who is obliged to register?

© Arover 2021. All Rights Reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Economy
  • Technology

© Arover 2021. All Rights Reserved.