HomeFinanceETHEREUM OVER $3200! Crypto Bitcoin Cryptocurrency Investment NFT NEWS Dogecoin UPDATE

ETHEREUM OVER $3200! Crypto Bitcoin Cryptocurrency Investment NFT NEWS Dogecoin UPDATE

ETHEREUM OVER $3200! Crypto Bitcoin Cryptocurrency Investment NFT NEWS Dogecoin UPDATE

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ETHEREUM OVER $3200! Crypto Bitcoin Cryptocurrency Investment NFT NEWS Dogecoin UPDATE

Ethereum has completely overshadowed Bitcoin lately, even though BItcoin rebounded this weekend rising about 6% to nearly $58,000.

According to CNN, “Ethereum prices have nearly quadrupled in 2021, soaring 290%, while Bitcoin has a market value of $1.1 trillion, Etereum’s total value is now $333 billion.”

Despite the thousands of currencies currently in circulation, Ether and Bitcoin now contribute to nearly two-thirds of the entire global crypto market.

As of publishing this video, Ethereum is currently at $3,280 per coin, and has had seven straight green months in a row.

Meanwhile, Berkshire Hathaway Vice Chairman Charlie Munger shared his disdain toward Bitcoin during Berkshire’s annual shareholder meeting this Saturday.

Munger has criticized Bitcoin in the past for its “extreme volatility and lack of regulation.”

When asked about his thoughts on the rise of Bitcoin, Munger responded, “Of course I hate the bitcoin success.”

He further explained, “I don’t welcome a currency that’s so useful extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”

That’s pretty harsh considering Bitcoin last traded above $57,000.

He went on to say, “Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable.”

These are some bold words, and I’ll be interested to see whether he is right or not in the near future.

And finally, U.S. Federal Reserve Chairman Jerome Powell recently fired at Dogecoin, saying that capital markets are “frothy.”

Powell stated, “Some of the asset prices are high. You are seeing things in the capital markets that are a bit frothy. That’s a fact.”

Powell added, “the overall financial stability picture is mixed, but on balance it’s manageable.”

According to Coindesk, this is a direct reference to the Dogecoin and cryptocurrency spikes that have occurred in recent weeks.

Dogecoin continues to surprise investors, and as it continues to climb in value, sitting at $0.41 cents right now, the question still remains of when it will reach $1.00 as many anticipate.

#crypto #ethereum #dogecoin


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