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Michigan Post > Blog > Economics > Bitcoin | Economics
Economics

Bitcoin | Economics

By Editorial Board Published June 5, 2025 1 Min Read
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Bitcoin | Economics

QUESTION: Why Bitcoin has been robust in latest weeks??

Greatest

Gerry

ANSWER: Bitcoin is the first automobile for cash laundering. Even Canadians are utilizing it to withdraw money from the nation. It’s the identical instrument as gold in all nations. Europeans are additionally utilizing it to bypass capital controls. There are rumors {that a} kill swap exists in Bitcoin, which may wipe out all accounts within the years forward. I might not take into account Bitcoin a retailer of worth when the federal government created it. I nonetheless choose valuable metals as a secure haven for my cash. Bitcoin is a buying and selling automobile.

However, this sample doesn’t but point out a ultimate, exhaustive, and remoted excessive. The brand new highs could also be seen in warfare, as it’s primarily used to extract cash from nations. That’s the way it started, with many of the quantity from China.

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