{"id":390401,"date":"2019-07-19T10:30:58","date_gmt":"2019-07-19T10:30:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=390401"},"modified":"2020-10-07T11:27:10","modified_gmt":"2020-10-07T11:27:10","slug":"german-central-bank-snubs-bitcoin-skeptic-trump-libra","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/german-central-bank-snubs-bitcoin-skeptic-trump-libra\/","title":{"rendered":"German Central Bank Chief Snubs Bitcoin Skeptic Trump, Supports Libra"},"content":{"rendered":"<p>According to Mati Greenspan, Libra has garnered some support at long last, and from an unlikely figure no less. Citing a recent article, which he translated via Google, the eToro analyst <a href=\"https:\/\/twitter.com\/MatiGreenspan\/status\/20196353\" rel=\"nofollow\">noted<\/a> that the President of the Bundesbank, the central bank of Germany, lauded the Facebook-backed crypto project.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hot off the German press&#8230;<\/p>\n<p>The President of the German Central Bank is coming out in favor of <a href=\"https:\/\/twitter.com\/hashtag\/Libra?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Libra<\/a>. <a href=\"https:\/\/t.co\/DQidVc8uUT\" rel=\"nofollow\">pic.twitter.com\/DQidVc8uUT<\/a><\/p>\n<p>&mdash; Mati (@MatiGreenspan) <a href=\"https:\/\/twitter.com\/MatiGreenspan\/status\/20196353?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 19, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In fact, per the rough English translation of his comment, Jens Weidmann isn&#8217;t clear why Libra has drawn flak from some of the biggest names in politics and finance.<\/p>\n<p>Weidmann even stated that should Libra be released in the state that was outlined in the white paper, the end result cryptocurrency may be &#8220;attractive to consumers&#8221;. He adds that it may be unwise to suppress innovation before true issues have arisen, likely referring to the fact that many regulators and lawmakers are only experiencing knee-jerk reactions.<\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/ktsl888.com\/2019\/07\/19\/bitcoin-volatility-surges-since-february-of-2019-is-another-big-move-imminent\/\">Bitcoin Volatility Surges Since February of 2019; Is Another Big Move Imminent?<\/a><\/h6>\n<p>What&#8217;s crazy about all this is that the central banker made this comment in front of the G7, who is reported to be focusing on the issue of Libra and the resurgence in the cryptocurrency market.<\/p>\n<h2><strong>Libra is Like 9\/11?<\/strong><\/h2>\n<p>Weidmann&#8217;s surprise support for the cryptocurrency \u2014 which has been backed by Visa, Spotify, Uber, PayPal, Booking Holdings, and other large names in finance, technology, and investing \u2014 comes as most American politicians have come out against the venture.<\/p>\n<h6 style=\"text-align: center\">Related Reading:<a href=\"https:\/\/ktsl888.com\/2019\/07\/18\/dr-doom-roubini-fuels-criminal-crypto-concerns-with-scathing-bitcoin-op-ed\/\"> Dr. Doom Roubini Fuels Criminal Crypto Concerns With Scathing Bitcoin Op-Ed<\/a><\/h6>\n<p>Most recently, Brad Sherman, a Californian Representative, notably likened Libra, which he hilariously called \u201cZuck Bucks\u201d during a Congressional hearing, to 9\/11, claiming that these two things are on the same playing field in terms of being destructive innovations.<\/p>\n<p>And most notably, the U.S. President has come out to bash Libra. Per <a href=\"https:\/\/ktsl888.com\/2019\/07\/12\/donald-trump-not-a-fan-of-bitcoin-and-crypto-too-volatile-he-says\/\">previous reports from NewsBTC<\/a>, the American leader claimed that the Facebook venture is likely to have &#8220;little standing or dependability&#8221; if it ends up launching.<\/p>\n<h2><strong>Not All Bad<\/strong><\/h2>\n<p>There have some that have taken Libra neutrally, interestingly enough. Speaking to analysts in a conference call, Jamie Dimon of JP Morgan revealed that he does not feel threatened by Libra at all.<\/p>\n<p>He specifically looks to the fact that blockchain has been a technological trend for \u201cseven years\u201d and that \u201cvery little has happened\u201d, presumably proposing that Libra will be more of a marketing ploy than a viable technology.<\/p>\n<blockquote><p>\u201cWe\u2019re going to be talking about Libra three years from now. I wouldn\u2019t spend too much time on it\u201d, Dimon added.<\/p><\/blockquote>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>According to Mati Greenspan, Libra has garnered some support at long last, and from an unlikely figure no less. Citing a recent article, which he translated via Google, the eToro analyst noted that the President of the Bundesbank, the central bank of Germany, lauded the Facebook-backed crypto project. Hot off the German press&#8230; The President of the German Central Bank is coming out in favor of #Libra. pic.twitter.com\/DQidVc8uUT &mdash; Mati (@MatiGreenspan) July 19, 2019 In fact, per the rough English translation of his comment, Jens Weidmann isn&#8217;t clear why Libra has drawn flak from some of the biggest names in politics and finance. Weidmann even stated that should Libra be released in the state that was outlined in the white paper, the end result cryptocurrency may be &#8220;attractive to consumers&#8221;. He adds that it may be unwise to suppress innovation before true issues have arisen, likely referring to the fact that many regulators and lawmakers are only experiencing knee-jerk reactions. Related Reading: Bitcoin Volatility Surges Since February of 2019; Is Another Big Move Imminent? What&#8217;s crazy about all this is that the central banker made this comment in front of the G7, who is reported to be focusing on the issue of Libra and the resurgence in the cryptocurrency market. Libra is Like 9\/11? Weidmann&#8217;s surprise support for the cryptocurrency \u2014 which has been backed by Visa, Spotify, Uber, PayPal, Booking Holdings, and other large names in finance, technology, and investing \u2014 comes as most American politicians have come out against the venture. Related Reading: Dr. Doom Roubini Fuels Criminal Crypto Concerns With Scathing Bitcoin Op-Ed Most recently, Brad Sherman, a Californian Representative, notably likened Libra, which he hilariously called \u201cZuck Bucks\u201d during a Congressional hearing, to 9\/11, claiming that these two things are on the same playing field in terms of being destructive innovations. And most notably, the U.S. President has come out to bash Libra. Per previous reports from NewsBTC, the American leader claimed that the Facebook venture is likely to have &#8220;little standing or dependability&#8221; if it ends up launching. Not All Bad There have some that have taken Libra neutrally, interestingly enough. Speaking to analysts in a conference call, Jamie Dimon of JP Morgan revealed that he does not feel threatened by Libra at all. He specifically looks to the fact that blockchain has been a technological trend for \u201cseven years\u201d and that \u201cvery little has happened\u201d, presumably proposing that Libra will be more of a marketing ploy than a viable technology. \u201cWe\u2019re going to be talking about Libra three years from now. I wouldn\u2019t spend too much time on it\u201d, Dimon added. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":370669,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8480,2752],"class_list":["post-390401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-donald-trump","tag-libra"],"acf":[],"yoast_head":"\n<title>German Central Bank Chief Snubs Bitcoin Skeptic Trump, Supports Libra<\/title>\n<meta name=\"description\" content=\"According to Mati Greenspan, Libra has garnered some support at long last, and from an unlikely figure no less. 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