It's About Time: Lado Okhotnikov About the Belated Decision of Bloomberg

 

Just yesterday an interview came out with Michael McGlone, a lead analyst of Bloomberg Intelligence in which he predicted a fall in the stock market.

 

In his opinion, the “wrong” ratio of Nasdaq and BTC is a sign, “The mechanism for providing liquidity has clearly not been working for a long time. We can say that futures for the Fed funds rose by a small share, about 5%. And this does not leave hope that support will continue to work effectively.”

 

Last week, I told you why I don't expect a stunning rise in bitcoin. There are two main reasons for this, one of which is the FUD around the Binance exchange.

 

In the meantime, amazing things are happening in Jamaica. Antonio, a local journalist for the Jamaica Observer, believes that if Jamaicans are forced to pay fares using CBDC, this will increase the speed of digital currency adoption and make life much easier.

 

I still look at the CBDC as an enforcement tool. This will literally "untie" the hands of bankers and as they say in my homeland in Kazakhstan: "It was yours, now it's ours." You will not be in control of your finances for a single day. And this is very scary to realize.

 

#CBDC #BTC #Crypto #Bitcoin #Nasdaq #Asia #Blockchain