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?China is back in the crypto game, a new dog plays the same old memecoin trick, and which coin has…
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On a recent segment of CNBC’s Market Alert featuring prominent investor Mark Mobius, the conversation quickly turned to gold, fiat currencies, and of course, Bitcoin. Mobius’ comments about Bitcoin requiring gold-backing to have inherent value was immediately met by criticism from the crypto world’s favorite financial analyst, Joe Kernen, host of CNBC’s Squawk Box. Prominent Investor: For Bitcoin To Have Value, It Needs Gold Backing Bitcoin has many narratives, with many of them coming to light at a different rate, or coming into focus more so than another at certain points depending on the overall global climate and where the crypto market is at. During the 2017 bull run, crypto investors began to hold Bitcoin for the long-term hoping its value would increase, resulting in the …