The price of BTC and ETH has shown growth

According to CoinMarketCap, the exchange rate of the main crypto currency has increased by 1.5% over the past 24 hours, breaking the $17,400 mark. Over the past 7 days, Bitcoin has risen in price by 4.6%.

And the price of Ethereum rose 1.2% in 24 hours, reaching $ 1,336, which is 10% more than a week earlier. The total capitalization of the digital asset market increased by 1.1% to $857.9 billion.

Recently, businessman and billionaire Bill Miller spoke about the first cryptocurrency. In his opinion, bitcoin is radically different from centralized crypto projects, in particular, it can function without failures.

The entrepreneur noted that BTC has nothing to do with structures such as FTX and Celsius Network, whose bankruptcy recently shocked the community. According to Miller, these projects failed because their work was primarily tied to their own top management, which cannot be said about the bitcoin blockchain.

The billionaire pointed to the position of traditional markets in recent years when the Fed was forced to fight for liquidity and print money in a significantly larger volume than before.

“The Fed threw a lifeline into the market, while bitcoin did a great job on its own. The first cryptocurrency is traded around the clock, and the bitcoin market has not had any disruptions yet,” Miller said.

The investor also opined that over the past month, bitcoin has shown much less volatility than the stock market.

Another crypto enthusiast, member of the Belgian parliament Christophe de Boekelaer, who received a salary in bitcoins in 2022, said that his experiment was successful. This contributed to the growth of awareness of digital assets among local politicians.

The deputy’s salary was about €5,500 euros, it was converted into BTC on the Bit4You crypto platform. According to Boekelaer, his decision was more political than an economic strategy. It is about fighting financial illiteracy and expanding economic opportunities for citizens.

“It was a political, not a financial gesture. Every month I transfer my salary in bitcoins to a cold wallet and do not touch it. I’m not going to spend cryptocurrency. Europe is in for hard times due to the energy and climate crisis, so Western countries will gradually begin to realize the usefulness of cryptocurrencies,” said a member of the Belgian parliament.