? Too Old for Bitcoin? | This Week in Crypto – Sep 13, 2021

Billions are liquidated on the crypto grocery, El Salvadors BTC wallet goes down and if you dont understand Bitcoin, are you too old? These stories and more this week in crypto. Hi, Im Nate Martin from 99 Bitcoins.com, and heres whats happened this week in crypto. In a rapid disintegrate this week, Bitcoins price lost over $7,000 in times, continuing downward until trading at about $10,000 less than it has only just been 2 hours before. A whopping $2.6 billion was liquidated in less than an hour as the entire marketplace bled out with countless altcoins suffering double digit percentage damages from their ethic. After formally integrating bitcoin as legal tender this week, El Salvadors Chivo wallet system which allows users to house their digital resources was downed, necessitating mortals were unable to gain access to their currency to withdraw it for necessary acquires. On the same day President Nayib Bukele shared that the country purchased 400 bitcoin in the recent dip. Popular crypto exchange Coinbase has come under barrage from the SEC for its new Lend program, which would allow crypto holders to earn interest on any assets they give out to borrowers. The regulatory busines conveyed its intent to sue Coinbase should the exchange move forward with the program given that it infringes present securities laws.Beyond El Salvador, both Honduras and Guatemala have begun researching blockchain technology with the intent of one day releasing bank-issued digital monies for occupants to use. Meanwhile, Panama has introduced a bill in its Congress that if legislated, would take a page right out of El Salvadors playbook, allowing bitcoin as a national currency. Ukraine is the latest country to both allow and modulate cryptocurrency. The commonwealths parliament inserted a statement designed to permit further crypto activity while also protecting investors from cases of fraud and malevolent performers. The greenback was guided virtually unanimously this week, and implements regulations designed to keep crypto supporters within the nations borders safe from swindles. One of the worlds resulting banks, Standard Chartered, said during a recent report that it evaluates Ethereum at rate per coin of between $26 K to $35 K structurally. The practice likewise believes that ETH will begin gaining ground on Bitcoin but exclusively as the latter contacts the crest of this cycle, which it calculates to be at about $175 K.Lee Cooperman, a US billionaire investor recently indicated that those who fail to understand the cryptocurrency might just be too old. Speaking to CNBC, he maintained his position that bitcoin does not make a great deal of sense. However, he too noted that his age could be the factor that thwarts him from understanding it. Thats whats happened this week in crypto, see you next week. If you’ve experienced this video, leave us a thumbs up subscribe to the channel and click the notification buzzer so you don’t miss a review, bulletin update or the clearest information about Bitcoinand cryptocurrencies anywhere.