Bitcoin volatility will decrease over time, says Digital Chamber of Commerce president

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  • CNBC Television published this video item, entitled “Bitcoin volatility will decrease over time, says Digital Chamber of Commerce president” – below is their description.

    The price of bitcoin rose after El Salvador became the first country to adopt bitcoin as legal tender. Bitcoin is known for wild price swings that have prompted critics to suggest it is not suitable to be an effective currency. It’s still unclear how El Salvador will ultimately roll out bitcoin as legal tender. Perianne Boring, founder and president of the Digital Chamber of Commerce, joined “Squawk Box” on Wednesday to discuss.

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    In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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  • In This Story: El Salvador

    El Salvador, officially the Republic of El Salvador (Spanish: República de El Salvador, literally “Republic of The Saviour”), is a country in Central America. El Salvador’s capital and largest city is San Salvador.

    The colón, the currency of El Salvador since 1892, was replaced by the United States dollar in 2001.

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