{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Wu%3A+Bitcoin+is+far+superior+than+just+a+better+form+of+gold&text=Michael+Wu%2C+CEO+of+Amber+Group%2C+offered+his+view+on+the+current+narrative+of+the+cryptocurrency+market+as+a+better+form+of+gold.&text=Michael+Wu+of+Amber+Group%2C+the+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fpt-pt%2Fetoro%2F%22%3Edigital+assets+financial+service+firm%3C%2Fa%3E%2C+believes+that+Bitcoin+has+crossed+bubble+out+of+the+territory+for+good+and+that+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fpt-pt%2Fplataformas-de-comercio%2F%22%3EBitcoin%3C%2Fa%3E+mainstream+adoption+is+going+to+lead+the+digital+assets+market+to+new+heights.%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3D030x3GKmPJ0%22%3EIn+an+interview+with+CNBC%3C%2Fa%3E%2C+Wu+offered+how+he+sees+the+future+of+the+market+as+an+industry+which+is+only+just+taking+off+and+that+the+fundamentals+are+all+in+place+for+the+market+to+surge.%0A%3Ch2%3EThe+boom+of+DeFi%3C%2Fh2%3E%0AWu+suggested+that+the+narrative+of+Bitcoin+being+a+better+form+of+gold+is+the+worst-case+scenario+for+the+cryptocurrency+market.+He+added+that+Bitcoin+is+superior+to+gold+as+an+inflation+hedge+and+as+a+storage+of+wealth+and+institutions+are+starting+to+see+that+and+act+on+it.+With+the+boom+of+the+decentralised+finance+%28DeFi%29+ecosystem%2C+there+is+now+tens+of+billions+of+dollars+are+locked+in+the+DeFi+system+managed+by+smart+contracts+rather+than+central+institutions.%0A%0A%22%3Cem%3ESo+now+you+have+things+coming+out+of+the+left+and+the+right+-+new+business+models+and+new+inventions+in+this+crypto+finance+world.+So+I+think+the+fundamentals+are+already+here.+It%27s+just+that+it+will+take+time+for+people+to+understand+them+and+for+the+market+to+digest+them.%3C%2Fem%3E%22%0A%3Ch2%3EWu%3A+Bitcoin+%3Cem%3Enot%C2%A0%3C%2Fem%3Ea+bubble%3C%2Fh2%3E%0AThe+CEO+of+Amber+Group+said+that+he+thinks+that+there+is+too+much+attention+on+the+market+now%2C+with+institutions%2C+whales+and+retailers+investing+in+the+cryptocurrency+industry+to+refer+to+the+token%27s+rise+as+a+bubble+that+will+burst.+He+suggested+that+there%27s+validity+for+doubt+and+uncertainty+from+new+investors+or+those+who+don%27t+believe+in+the+overall+stability+of+Bitcoin+because+of+the+absence+of+understanding.+He+said%3A%0A%0A%3Cem%3E%E2%80%9CIn+the+early+stage%2C+that+kind+of+understanding%2C+that+kind+of+skepticism%2C+always+comes+with+a+lot+of+price+volatility.+However%2C+I+don%E2%80%99t+think+you+can+call+Bitcoin+a+bubble+anymore%2C+because%2C+like+I+mentioned+earlier%2C+you+have+all+these+institutions%2C+all+these+billionaires%2C+multi+multi-billion-dollar+listed+companies%2C+all+these%2C+you+know%2C+all+these+newcomers+into+crypto.+They%E2%80%99re+buying+Bitcoins%2C+they%E2%80%99re+buying+crypto+and+there+are+only+21+million+Bitcoins+out+there.%E2%80%9D%3C%2Fem%3E","timeout":15}