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Bloomberg: Bitcoin ban will hurt China’s economy

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Bloomberg: Bitcoin ban will hurt China's economy

The Chinese ban in China has been one of the most important news in recent months and one of the most important moments for the crypto market. For many, it is this ban that has been the reason for the latest drop in bitcoins and difficulties with the price recovery in recent months. But stop Mike McGlone, strategist Bloomberg, the ban on bitcoin in China could create problems for the local economy of the Asian country.

McClone is a big supporter of Bitcoin and believes the price of the digital asset will rise this year, having previously stated that the currency will still hit $ 100,000. In a recent tweet, he spoke about the current situation and believes that China’s move away from cryptocurrencies could stunt economic growth

In his official Twitter account, the Bloomberg strategist said that the move away from open source crypto assets would stabilize the country’s economic growth for years to come.

“Hello China, good luck with that – bitcoin and dollar dominance.

We believe that China’s abandonment of open source cryptoassets could halt the country’s economic growth, while increasing the value of the dollar and bitcoin. “

In his analysis, McClone highlighted not only Bitcoin, but also USDT (Tether) and other cryptocurrencies that digitize the dollar. Even though the dollar does not have a digital dollar project, USDT is ahead of the digital yuan in terms of digitization.

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Money scanning fee, dollar comes out ahead thanks to Tether (USDT). Source: Bloomberg

Thus, by banning and rejecting cryptocurrencies, China is losing a powerful form of digital digitization, and the yuan remains far behind the dollar in this regard. This could hinder future currency gains and even thwart Yuan Digital’s plans to threaten the dollar’s dominance.

In addition, mining has been a strong source of income in different regions of China, affecting the local economy in different ways. Reducing this economic flow will certainly bring more difficulties to the future of the Asian country.

This isn’t the first time McGlone has spoken about Bitcoin’s connection to China’s ban, always saying that the country is the biggest loser in this situation.

“Bitcoin and the digitalization of money and finance could spell the collapse of China. Antagonistic opposition from China could lift bitcoin’s fundamentals in the long run. “

In doing so, it is necessary to wait who will really win the war of digitalization of money: the United States, China or Bitcoin with its decentralized and free nature.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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