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Anthony Pompliano Claims Bitcoin’s Fundamentals Are Strengthening, Community’s Opinions Split

  • Yuri Molchan
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    Prominent crypto expert Anthony Pompliano tweets that BTC’s fundamentals are getting stronger, the community are arguing about the BTC hashrate in the discussion

Anthony Pompliano Claims Bitcoin’s Fundamentals Are Strengthening, Community’s Opinions Split
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Contents

The partner and co-founder of the Morgan Creek Digital VC fund Anthony Pompliano often appears in CNBC shows to speak about Bitcoin as an investment asset or to try and convince old-school investors that BTC is worth working with.

Pompliano (often called simply Pomp) also records regular podcast interviews with big names in the crypto sphere. In his tweet earlier today, he stated that Bitcoin’s fundamental factors are getting stronger.

However, the community’s responses split, showing that not all crypto enthusiasts believe in Bitcoin’s positive future as the leader of the crypto market.

BTC hashrate is the major discussion subject

Different opinions came in the comment thread, with Bitcoin hashrate getting to be the main subject for discussion. One of the Pomp’s followers pointed out that Bitcoin’s hashrate has grown 8 times since the BTC all-time high back at the end of 2017.

Some disagree, though, saying that, in their view, hashrate is a thing of the past.

Image by Twitter
Image by Twitter

An XRP fan pointed out that Bitcoin has  more drawbacks than advantages compared to other crypto, including the fact that verification of transactions on the BTC chain are slow and can take a long time to settle.

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Pomp suggests McDonalds should take BTC

On Wednesday, Anthony Pompliano posted a massage on his Twitter page, trying to see how many of his followers agree that McDonald's should start taking Bitcoin.

The discussion in the comment thread was long enough but XRP fans insisted that McDonald's should accept a faster crypto, like XRP, since Bitcoin transactions are too slow and the food would get cold while they are getting confirmed.

Earlier, it was reported that McDonald’s rival Burger King in Germany is about to start accepting BTC.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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