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crypto market cratered, stating that it was a buy below that mark and had a role to play in the fintech sector. Wenn du auf unsere Website klickst oder hier navigierst, stimmst du der Erfassung von Informationen durch Cookies auf und außerhalb von Facebook. They may be unsafe, untrustworthy, or illegal in your jurisdiction. We and our partners operate globally and use cookies, including for analytics, personalisation, and ads. El-Erian later raised his bitcoin price target to 5,000, though by that point the flagship cryptocurrency had already soared as high as 20,000 on some exchanges. USD hasn't been backed for over 4 fucking decades! Dogecoin, named for the doge meme, is still widely traded. Thats a drop in the bucket compared to the 50 billion in bonds that the bank issues annually, but it represents an important milestone toward the integration of crypto technology into mainstream finance.

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Already, the World Bank settled a 73 million bond on an Ethereum-based blockchain, an offering that the organization billed as the worlds first public blockchain bond. A Bitcoin Ally at the World Bank? While Utermann has argued that regulators should outlaw cryptocurrency, El-Erian has called bitcoin a disruptive technology that could play a major role in the future of peer-to-peer transactions. Price Charts from, tradingView. The current pricing assumes massive adoption, and I dont think governments will allow the amount of adoption thats currently priced. The World Bank is an international financial institution committed to alleviating global poverty by providing loans for capital projects in developing countries.

Trump, as it happens, holds a certain appeal for believers in a radically free market economy. According to, bloomberg, Mohamed El-Erian is one of several candidates that Trump has shortlisted for the job of World Bank president.

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