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NZ Central Bank Chief: "Printing money for fools is a great business to be in" #CryptoNews

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New Zealand Central Bank Governor Adrian Orr joked about the central banking system during a parliamentary meeting.

🔵 #Bitcoin advocates perceive truth in Orr's jest, emphasizing Bitcoin's independence from government manipulation.

🔵 The majority of the #cryptocurrency community sees central bank digital currencies (#CBDC) as potentially restricting #financial freedoms.

🔵 Adrian Orr expressed concerns about decentralized digital currencies like Bitcoin, emphasizing their perceived shortcomings as money.
Analyst Josh predicts #Bitcoin may surge past $50,000, facing resistance but could reach all-time highs. #CryptoMarket

He highlights the significance of Bitcoin's "golden pocket," mentioning potential price movements and the influence of #ETFs.
https://coinpedia.org/price-analysis/what-next-for-bitcoin-price-45k-or-55k/
#Bitcoin's surge past $50,000 marks institutional adoption, with a pending #halving event fueling market growth.

Analyst #Crypto Banter highlights Bitcoin's swift ascent above $50,000, noting unprecedented #ETF inflows sparking #FOMO.
https://coinpedia.org/price-analysis/will-bitcoin-price-stay-above-the-50k-levels-for-only-144-days-analyst-says-fomo-is-kicking-in/
Top #CryptoNews In Last 12 Hours

1️⃣ #Bitcoin's #marketcap surpasses $1 trillion as price hits $51,000; ,marking milestone in #cryptomarket history.

2️⃣EU committee approves groundbreaking #AI legislation, setting global precedent, to regulate diverse industries; enforcement expected by 2026.

3️⃣ Japan's #financial regulator suggests banks enhance user protection, potentially disrupting P2P #crypto transactions to prevent fraud.

4️⃣US Treasury official Brian Nelson urges Congress for expanded authority to combat crypto-related illicit finance.

5️⃣US #CPI data beats expectations. CME predicts 92% chance #FOMC keeps rates unchanged in March; 62.1% chance of May rate cut.
🔵#Bitcoin (BTC) surpassed $52,000 on Thursday.

🔵$BTC #Halving event is nearing, scheduled for April 18.

🔵Other top #cryptocurrencies like #Ethereum (ETH), #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC) also saw gains.

🔵#Stack (STX) token had the highest increase, rising over 28% in 24 hours.

🔵#PYTH experienced the largest decline, dropping over 2% within 24 hours.

🔵The global #cryptomarket cap reached $1.96 trillion, marking a 5.22% increase in 24 hours.
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Source: @CNBC

Gary Gensler Says Bitcoin Is "Not That Decentralized’'

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In a new interview on CNBC, #Gensler says #Bitcoin (BTC) isn't as #decentralized as commonly believed, citing centralized #crypto exchanges as a factor.

🔵 Gensler argues that Bitcoin's decentralization should not be solely attributed to its availability on various exchanges but rather to its underlying blockchain technology.

🔵 Gensler echoes sentiments from JPMorgan CEO Jamie Dimon, asserting that BTC is often used in #ransomware attacks.

🔵 He emphasizes the difference between traditional currencies like the US dollar, euro, and yen, which have #centralized support, and Bitcoin, which lacks such backing. Gensler suggests that Bitcoin's transparent ledger might mislead investors about its decentralization.

#Cryptocurrency #Blockchain #CryptoNews