The Bank for International Settlements (BIS) has long been cautious about BTC and digital currencies. However, according to the Bank for International Settlements, there is no need to be cautious, because the battle between Fiat cars and data encryption has long been won.

In an interview with Bloomberg, Augustine Carstens, manager of the Bank for International Settlements, noted that in further criticism of his encryption algorithm, he stated that "technology does not lead to reliable loan currencies."

As the central bank of the central bank, the Bank for International Settlements expounded the importance of login password industry supervision and risk management, but claimed that the battle between login passwords and legal loan coins had long been victorious. Bitcoin accounts and password streets caused exasperation, ridicule and correction.

'Bitcoin is very easy to get involved in this kind of battle, but it's all a distraction with no rate of return, 'Ray Yusuf, PaxfulCEO's outspoken bitcoin giganticism, told Cointelegraph. He went on to say that we should devote ourselves to the great war in the south of the world and fight for every inch and every eye. What is happening in Nigeria today is very important to all of us.

"shall we drive the clowns away?" Ignore his FUD bait and concentrate on what has happened in the south of the world and on the streets of Nigeria.

Sefeidian Amos, "Bitcoin specificationJean Carsten's statement attracted the attention of its followers and caused reprimand and concern in the evaluation. SVN (pseudonym), a Bitcoin advocate in California, told Cointelegraph that such people are clown men. SVN's bank account was frozen, prompting him to go to great lengths to invest in bitcoin.

In addition, Anarki, a Bitcoin advocate who recently shut down a Bitcoin security education company, explained, "legal and data encryption is essentially a hoax."

For Fiat, it is also the evil elite oligarchs who have created a controlled online game management system that makes families rich and others poorer. Bitcoin is a kind of professional technology with incentive mechanism and sound economic principles, so that anyone who produces use value to the world can become rich in his family.

As Carstens put it, the loss of Bitcoin in this battle for money is actually another introduction of Bitcoin being declared dead, dead and dead. The stock market bear market in 2022 is no different from the bear market in 2023, and bitcoin advocates in Twitter took the opportunity to make fun of financial experts dancing on the imaginary tombs of such decentralized loan coins.

Even so, Bitcoin is up more than 40% from its bottom in 2022, the choice of lightning networks is growing rapidly, and the community seems to be getting more and more attention.

What did Bitcoin do?He posted some quick and convenient statistics on Twitter to correct another infectious statement released by the Bank for International Settlements this week. Notably, from August 2015 to December 2022, the BIS explained that "most economies have lost money on their Bitcoin holdings."

As the chart below shows, despite everything the BIS has done, the price of Bitcoin continues to rise.

The BIS has bluntly criticized digital currencies because of concerns about their uncertainty, scalability and energy consumption. However, the Bank for International Settlements has already explored relatively stable loan currencies and has worked with several countries to lead the development and design of central bank digital currencies, alongside Carsten's comments in an interview with Bloomberg. Carsten said in an interview with Bloomberg that high and new technologies "will not create reliable loan currencies."

Willem Middelkoop, a writer and Bitcoin advocate, notes that the battle between legality and data encryption is not over. A cursory glance at Bloomberg data encryption Corporation (Bloomberg Crypto)'s comments on the initial article shows that the war has warmed up.