- Ripple CTO David Schwartz has endorsed the conversion of US Treasuries to BTC.
- Schwartz additionally advocated a restricted provide of Bitcoin, BTC halving and PoW.
- Senator Lummis mentioned the Trump administration will convert US Treasuries to BTC inside 5 years.
Ripple's Chief Know-how Officer, David “JoelKatz” Schwartz, lately joined the talk on social media platform X (previously Twitter) concerning the Bitcoin halving and the potential conversion of US Treasuries into Bitcoin. Senator Cynthia Lummis lately said on the 2024 Bitcoin Convention that the Trump administration will convert extra reserves at 12 Federal Reserve Banks to Bitcoin inside 5 years.
Paul Vigna, writer of the ebook “The Age of Cryptocurrencies”, criticized the idea of changing T-bills to Bitcoins in mild of BTC's excessive volatility. One other X person questioned the practicality of utilizing blockchain when transaction charges enhance with community congestion. The person additionally questioned whether or not utilizing a 3rd celebration in such a state of affairs would consequence within the lack of all the advantages of utilizing blockchain expertise.
The submit Ripple CTO Weighs in on Bitcoin Halves, Blockchain Advantages and US Treasury Conversion Debate appeared first on Coin Version.
