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Anthony Pompliano Responds to SWIFT: Bitcoin Network Is Ten Times Bigger

  • Yuri Molchan
    📰 News

    The famous Bitcoin proponent Anthony Pompliano responds to the recent statement of SWIFT that calls crypto ‘useless and unstable yoyo’

Anthony Pompliano Responds to SWIFT: Bitcoin Network Is Ten Times Bigger
Cover image via freepik.com

Recently, it was reported that the global payment system Swift plans to create a proof of concept for almost instant payments in Europe. Previously, it had launched a system where payments took less than a minute to arrive between Australia and Singapore.

Swift promises to share the details on September 23, at the Sibos 2019 event that starts on 23 September and finishes on 26 September.

A Swift representative touched upon cryptocurrencies by calling them ‘a yoyo’, ‘useless and unstable’.

They go down in value like a yoyo, they’re useless and unstable. And even if crypto companies do make is stable, it’s still a basket of currencies.

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The co-founder of the Morgan Creek Digital, a professional investor in both traditional market and Bitcoin, Anthony Pompliano challenges Swift to take its words back, by saying that Swift’s network is ten times smaller than Bitcoin’s and that for BTC this is just a beginning.

Previously, Pompliano also publicly called that Bitcoin has the most secure network in the world. The crypto community responded with skepticism.

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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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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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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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