Wednesday, 08 July 2020
Sovrano

Safe to say, it’s been a torrid start to the decade, as evidenced by the Dow’s worst first quarter performance ever, and European stocks are continuing that trend on the first day of Q2.

Cryptocurrencies are recovering some ground after its weekend descent. Bitcoin is moving 5.68 percent for the day, recovering its 6,200 level, after dropping to $5,880 late Sunday. Ethereum, XRP, LTC, and most of the cryptocurrencies recover since early morning at a similar pace.

The Digital Dollar Project has put together a 22-strong advisory group to help shepherd its work on the creation of a US central bank digital currency (CBDC).

Bitcoin was explicitly called “digital gold” back in 2011, and a 2010 InfoWorld article says:

                               “Bitcoin is backed by a kind of digital ‘gold standard.’”

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