Foreign Correspondents: China's Mining Dominance Declines Due To Chip Shortage And Changes In Hardware Market

As a cryptocurrency, Bessemer Trust describes Bitcoin as a valuable market, medium of commerce, and list of commodities in its “Quarterly Investment Outlook” report. The report states that Bitcoin has yet to gain the benefits of using energy as a market, but other cryptocurrencies such as Ethereum are doing better in this regard. “Bitcoin's low consumption relative to the US dollar and other fiat currencies is the preferred preference for long-term cost savings,” the report says. To change or not to convert the US dollar has become an integral part of dividends today.