With BTC back up above $19K and the upcoming digital yuan not looking to “replace existing currencies,” CoinDesk’s Market’s Daily is back with another crypto news roundup.
Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts.
JPMorgan analysts said MassMutual’s recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency.
Just because gold is losing momentum and bitcoin is gaining doesn’t mean investors are selling gold to buy bitcoin – not yet, anyway.
“We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People’s Bank of China.
Source: CoinDesk.com
