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13 May 2021

Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US

Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US


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Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) will co-exist “for a while” with more restrictive digital currencies like China’s digital yuan, Binance CEO Changpeng Zhao said in a Bloomberg interview on Monday.

Unlike a fiat currency like the United States dollar, the world’s biggest cryptocurrency, Bitcoin, has a limited supply, meaning that there won’t ever be more than 21 million bitcoins in the world.

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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cointelegraph.com
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