The Bitcoin arms race: CZ says it's 'inevitable' China builds BTC reserve
Description
Bitcoin saw another brutal correction with cascading liquidations and a "mega dump" yesterday. About $1.6 billion was liquidated across crypto in this "crazy" reset and 11% was lost from crypto's market cap — What happened? In more bullish Bitcoin news, CZ said that it's "inevitable" that China will build a BTC reserve. Elsewhere, Ripple CEO Brad Garlinghouse slammed the show 60 Minutes for omitting information in a crypto segment in which he appeared, and Google's new quantum computing chip solved a 30-year-old problem, but does it pose a threat to crypto encryption?
Further reading:
- Bitcoin sees most liquidations since 2021 as ‘crazy’ reset wipes $1.6B
- Changpeng Zhao says it’s ‘inevitable’ for China to build a BTC reserve
- Ripple CEO criticizes 60 Minutes for not including info on XRP ruling
- Google unveils new quantum computing chip: Clock ticking for crypto encryption?
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