what are the terra tokens used for in dragon city

This will occur if a global economic disaster or inflation rates continue to grow.Įl Salvador's president, Nayib Bukele, said in a tweet that he expects the bitcoin price to reach $100,000 by the end of 2022. Greater demand for Bitcoin as a form of value storage might lead to a rise in its price. Ultimately, government bodies will determine if Bitcoin hits $100,000 by 2022. This will be the outcome of regulatory clarity.

Based on current prices, it appears improbable that Bitcoin will reach $100,000 before the end of the year.įor this prediction to have any chance of coming true, bitcoin must see an increase in demand from retail and institutional investors. He concurs with the projection of $500,000 for Bitcoin investments by corporations. Mike Novogratz of Galaxy Digital is a supporter of bitcoin. In recent months, the cryptocurrency market has closely followed the stock market, becoming more intertwined with elements impacting the status of the global economy.

According to commentators, the ruling might ultimately contribute to more market stability by requiring government officials to collaborate on a strategy to regulate cryptocurrencies.Īs many investors are gloomy about the economy owing to rising inflation, a volatile stock market, and rising interest rates, Wall Street momentarily de-risked the market, causing the current crypto market decline. The most recent rise follows President Joe Biden's new executive order on cryptocurrencies and the Federal Reserve's announcement earlier this month that it would raise interest rates for the first time in three years. It had surpassed $45,000 for the first time last week. After briefly falling below a recent increase, the PRICE OF BITCOIN continues to fluctuate around $42,500.

What are the terra tokens used for in dragon city