Finance News
By Dan Saada
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NEXO on Bitcoin
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NEXO recently announced that its stable coin infrastructure is currently undergoing maintenance to ensure the best possible customer experience.
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Those who were experiencing issues logging in were asked to contact the Support team through email or online chat in a way to ensure they can check on this to advise accordingly.
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Meanwhile, concerns are brewing about whether Chainlink will be added to the Nexo platform. In response, it was requested by Nexo that those who would like to have…
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Antoni Trenchev, Co-Founder and Managing Partner at Nexo, tweeted: "Bitcoin is your Get Out of Recession Free Card.
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An opposing opinion read that a crypto with one or two real use cases will always win. However, the reality is that the BTC passed the test of time.
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Sydney Ifergan, the crypto expert, tweeted: "Nexo already supports a bunch of cryptos as collateral.
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NEXO opines that the finite and scheduled supply of BTC, along with the decentralized architecture, facilitates the certainty required during uncertain times.
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Antoni expressed that in the aggressive quantitative easing environment, BTC is playing the opposite role with its built-in quantitative hardening mechanism, which is set to…
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He also stated that Bitcoin right now is your get-out-of recession-free card.
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A healthy criticism read thus: “Honestly, a CEO of a Fintech startup who makes a business out of lending money while accepting crypto as collateral, mentions price…
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Overall, BTC has investment based risks being a speculative asset. It is by learning to manage the risk that HODLers will be able to be successful.
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