- Ripple CTO David Schwartz has backed the conversion of U.S. Treasury bonds into BTC.
- Schwartz additionally defended Bitcoin’s provide restrict, the BTC halving, and PoW.
- Senator Lummis stated the Trump administration will convert U.S. Treasury bonds into BTC inside 5 years.
Ripple Chief Know-how Officer David “Joel Katz” Schwartz just lately took to social media platform X (previously Twitter) to debate the Bitcoin halving and the potential of changing U.S. Treasury bonds into Bitcoin. Senator Cynthia Lummis just lately stated on the 2024 Bitcoin Convention that the Trump administration will convert extra reserves at 12 Federal Reserve Banks into Bitcoin over a five-year interval.
Paul Vigna, creator of “The Age of Cryptocurrency,” criticized the notion of changing authorities bonds into Bitcoin, given BTC's excessive volatility. One other X person questioned the practicality of utilizing blockchain if transaction charges rise on account of community congestion. The person additionally questioned whether or not utilizing a 3rd celebration in such a state of affairs would negate all the advantages of utilizing blockchain expertise.
The put up Ripple CTO Discusses Bitcoin Halving, Advantages of Blockchain, and US Treasury Conversion Debate appeared first on Coin Version.
