Bitcoin up 287,000% since 2011; GBPUSD 11% away from all-time low Quick Take
- The pound has been in a long-term decline since the 70s. In 1971, it was 2.4 pounds to a dollar, and it is now at 1.2, a 50% drawdown.
- Currently, GBPUSD is at 1.20, which is only 11% away from its all-time low of 1.08.
- However, BTCUSD is up almost 287,000% since 2011.
- It has been reported that a Digital pound is likely this decade.
- Chancellor Jeremy Hunt said the new CBDC would be a “new trusted and accessible” way to pay.
- Supposedly, hoarding ‘Bitcoin’ will be banned due to bank run fears under Sunak’s digital currency regulations.
BTCUSD: (Source: TradingView) 
GBPUSD: (Source: TradingView)
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James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
