JAKARTA – The collapse of LUNA prices has drawn responses from various groups. Recently a Bank of England executive stated that retail investors don't really understand cryptocurrencies.
The Deputy Governor of the Bank of England, Jon Cunliffe, warned people buying cryptocurrencies would eventually lose all their money. This is because digital assets are highly speculative.
The warning became relevant after the fall in the price of Terra LUNA. The cryptocurrency, founded by Do Kwon, fell to zero in a matter of days. The incident took investors' money away.
Furthermore, Cunliffe believes digital assets have no intrinsic value. That's why cryptocurrencies are highly volatile depending on market sentiment. He went on to state that cryptocurrencies are not actually viewed as financial investments by retail investors.
The Bank of England official argued that cryptocurrencies should be treated as risky securities.
Based on data from CoinMarketCap, the total volume of the crypto market over the last 24 hours was IDR 1,137.31 trillion, a decrease of 10.98 percent. Meanwhile, the global crypto market capitalization currently reaches Rp. 19,091 trillion.
The total volume on DeFi is currently IDR 112.59 trillion, 9.90 percent of the total 24-hour crypto market volume. The volume of all stablecoins is now IDR 991.26 trillion, which is 87.16 percent of the total 24-hour crypto market volume.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
Tags les plus populaires
#Prabowo Subianto #Golkar #OTT KPK #élections jakarta #jeux d’argent en lignePopulaire
