Bitcoin up 287,000% since 2011; GBPUSD 11% away from all-time low

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Quick Take

  • The pound has been in a long-term decline since the 70s. In 1971, it was 2.4 pounds to a dollar, and it is now at 1.2, a 50% drawdown.
  • Currently, GBPUSD is at 1.20, which is only 11% away from its all-time low of 1.08.
  • However, BTCUSD is up almost 287,000% since 2011.
  • It has been reported that a Digital pound is likely this decade.
  • Chancellor Jeremy Hunt said the new CBDC would be a “new trusted and accessible” way to pay.
  • Supposedly, hoarding ‘Bitcoin’ will be banned due to bank run fears under Sunak’s digital currency regulations.
    BTCUSD: (Source: TradingView)
    BTCUSD: (Source: TradingView)

    GBPUSD: (Source: TradingView)
    GBPUSD: (Source: TradingView)

The post Bitcoin up 287,000% since 2011; GBPUSD 11% away from all-time low appeared first on CryptoSlate.

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