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

Share This Post

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.

Read Entire Article
spot_img

Related Posts

Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

Bitcoin has found a rebound back above the $66,000 mark following a drop towards the on-chain cost basis of the short-term holder whales Bitcoin Drawdown Had Nearly Put Short-Term Whales Under

Bitcoin Open Interest Has Cooled Off, Good Sign For Bulls?

Data shows the Bitcoin Open Interest has observed a notable cool off recently, something that could be positive for the rally’s hopes Bitcoin Open Interest Has Cooled Down From Recent

Bitcoin sees record fees in 2024 as halving approaches

Quick Take As the Bitcoin halving draws near, Bitcoin activity is witnessing a significant uptick in fees and hash rate Fees On April 12, Bitcoin recorded its highest one-day fees in 2024, reaching

Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake

A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark The performance of these mining stocks has declined

Bitcoin Goes Pro: UFC Winner Wants $300,000 Bonus Paid In BTC

Bitcoin adoption is soaring across sectors, emerging as a standard in the sports industry Demonstrating this trend, a UFC winner has requested his bonus to be paid in Bitcoin, underscoring the

Hong Kong’s Approval Of Spot Bitcoin And Ethereum ETFs Triggers Crypto Market Recovery

On Monday, the Hong Kong Securities and Futures Commission (SFC) announced that it had approved a number of Spot Bitcoin and Ethereum ETFs for trading This decision has been a long time in the making
- Advertisement -spot_img