Everything You Need To Know About Galileo Exchange’s GELT Token | Kalkine Media

 Hello I’m James Preston and thanks for tuning into Kalkine TV for The Daily Crypto Catch. The CEO of Coinbase, Brian Armstrong has said that Bitcoin will become a flight-to-safety asset within the next ten years. Speaking to Coinbase’s Around the Block podcast, he said that Bitcoin’s market capitalisation was not yet large enough to act as a flight-to-safety asset but that would change in the next ten years when the crypto economy grows to be a significant proportion of the wider global economy.(1)Bitcoin has been dubbed “digital gold” in the past to describe it as a hedge against inflation comparable to gold. However, as inflation rocketed in 2022, the price of Bitcoin has plummeted to around a third of its value. (2) Bitcoin saw an all-time high last November when it peaked at around US$67,500. Since then it has sunk to around US$20,000, where it sits currently. Armstrong conceded that he had overestimated the chances of Bitcoin being a hedge against inflation in the current economy, claiming that his predictions were “a little bit early”. In market news, Bitcoin fell around 0.87 percent in the past 24 hours, and was recently trading at just above US$20,480. Meanwhile, Ethereum also fell, dropping 1.34 percent from this time yesterday and was recently trading at US$1,572. As for todays winners and losers, Chain token grew 26.69 percent in the past 24 hours to above 6.2 US cents, while OKB token gained 2.36 percent to reach just around US$16.49 over the same period. On the losing side, Toncoin token dropped 7.8 percent overnight to US$1.50, whilst Klaytn token fell 2.20 percent to 26 cents. ALRIGHT that’s it for this edition of the Daily Crypto Catch. All prices are correct at the time of recording. Stay tuned to Kalkine TV for the latest market updates, business news and exclusive interviews. I’m James Preston, thanks for joining me.