US Congressman Says Bitcoin Creator 'Saratoshi Nagamoto' Was Not Innovative, Dogecoin Co-Creator Responds
Portfolio Pulse from Mehab Qureshi
During a Financial Services Committee hearing, U.S. Congressman Brad Sherman expressed skepticism about the innovation of cryptocurrency and made a mistake in referring to Bitcoin's creator. Dogecoin co-creator Billy Markus criticized Sherman's error and his position of power. Sherman, a known opponent of cryptocurrency, has consistently advocated for its ban and criticized the digital asset industry.
July 27, 2023 | 12:04 pm
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NEGATIVE IMPACT
US Congressman Brad Sherman's skepticism about cryptocurrency could potentially impact Bitcoin's perception among investors.
Brad Sherman's negative comments about cryptocurrency, including Bitcoin, could potentially influence investors' perception and confidence in the asset, leading to a negative short-term impact on its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dogecoin co-creator Billy Markus's response to Brad Sherman's comments could potentially impact Dogecoin's perception among investors.
Billy Markus's response to Brad Sherman's comments could potentially influence investors' perception and confidence in Dogecoin. However, it's unclear whether this will have a positive or negative impact on its price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70