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Tag: global currency

UBS: Bitcoin Is far from Replacing the Dollar

Category: Adoption, Bitcoin, Finance

UBS: Bitcoin Is far from Replacing the Dollar

Swiss investment bank, UBS, has recently stated that Bitcoin cannot be considered money or a viable asset yet. Furthermore, it is believed that in order for Bitcoin to replace the US currency for global dominance, it will have to reach around $213,000. This seems like a long way to go given that the price is currently hovering around $7,000. Bitcoin…

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