Devastating news about cryptocurrencies you

should know before investing this 2022

 

Earlier this year, Bitcoin, the world’s most valuable cryptocurrency, went down a lot at a price approximately around $43,000. After the minutes from the most recent Federal Reserve meeting were released, it was clear that the US would raise interest rates even faster than previously thought. The move was inevitable, since there was a lot of money that had been injected into the financial system last year due to relief efforts for the pandemic. Some analysts are now preparing for a test at much lower levels, with the $40,000 mark being a particularly important one. Unrest in Kazakhstan, which is a major mining center, has been a big problem for BTC. This has made things even worse for the company.

Bitcoins may be able to be used as a form of payment by Airbnb in the future. This was said by the CEO during a recent earnings call. The CEO of Airbnb, Brian Chesky, asked his 400,000-strong fan base to get in touch in 2022 with ideas for how to improve the platform. When he later came back, he said that more than 4,000 people had commented on his post, and the majority of them were in favor of cryptocurrency payments as a way to solve the problem. Unfortunately, there are no guarantees that such a high level of demand will lead to real action.

 

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