Blockchain

Story: PoS of Cardano (ADA) Scaring Devil out of PoW of Bitcoin (BTC) in China

By Dan Saada

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Charles Hoskinson, Cardano (ADA), in response to China advances its war on Bitcoin, cracks down on mining:  Remember, with a Proof of Stake system, you can move your server…

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Well, Charles seemed to scare Bitcoin investors, and some of them were like:  It'll just be stored in the Chinese market.

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Others were like:  Not for 1 second do I think China will stop Bitcoin mining; however, all mining will be run by the state, and they will ramp it up to the moon and sit on…

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However, it is possible to see big heads positive about the market and particularly the BTC.

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Justin Sun expressed:  My personal opinion about the current market. This is not investment advice.  The bull market is certainly not over.

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CZ Binance: Fear and greed are two emotions exemplified by trading. If you experienced fear a few days ago, it is time to read more about and adopt risk management strategies.

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Jared Tate, Founder Digibyte:  The worst Bitcoin crash I lived through mentally was in the spring of 2013. BTC ran from $30 to $266 & crashed back down to $66.

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On May 23, 2021 Paolo Ardoino, CTO Bitfinex, expressed:  "We've been seeing a ton of BTC/ETH inflows in our cold wallets in the last hours in Finex (12k+ BTC, ~200k ETH).

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Users in response to Paolo were left wondering: BTC/ETH is coming into the exchange from cold wallets.

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In Bloomberg TV: Michael Sonnenshein Grayscale Investments CEO weighs in:  When you think of Bitcoin, there is a pretty widely held narrative now that Bitcoin is perhaps a…

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