It’s a historic week for bitcoin, but that hasn’t stopped global central bankers from issuing a round of warnings about the utility and inherent volatility of crypto assets.
Riksbank Gov. Stefan Ingves said that doubts remain about the staying power of bitcoin BTCUSD, -0.11%, the world’s most prominent digital asset, if it isn’t government backed.
“Private money usually collapses sooner or later,” Ingves said at a banking conference in Stockholm recently.
The central banker said that regulatory scrutiny on crypto, including bitcoin and Ether ETHUSD, -0.41% trading on the Ethereum blockchain, will likely increase as the popularity of digital assets grows.
Meanwhile, Bank of Mexico Gov. Alejandro Diaz de Leon on Thursday separately said that bitcoin is a tool for barter rather than legal tender and described it as a poor store of value, citing its wild price swings.
Top Value Stocks To Invest In 2023: Globus Medical, Inc.(GMED)
Globus Medical, Inc., a medical device company, focuses on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. The company offers products that address an array of spinal pathologies, anatomies, and surgical approaches. It also provides fusion products that are used in cervical, thoracolumbar, sacral, and interbody/corpectomy fusion procedures to treat degenerative, deformity, tumor, and trauma conditions. In addition, the company offers disruptive technology products that provide material improvements to fusion procedures, such as minimally invasive surgical techniques, as well as new treatment alternatives, which include motion preservation technologies, such as dynamic stabilization, total disc replacement and interspinous process spacer products, and regenerative biologics technologies; and interventional pain management solutions comprising treatments for vertebral compression fractures. Further, it offers human tissue products, such as bone allografts, biomaterials, and soft tissue products for spine, orthopedics, sports medicine, dental, and wound care markets. The company sells its implants and related disposables primarily to hospitals through sales representatives and independent distributors in the United States and internationally. Globus Medical, Inc. was founded in 2003 and is headquartered in Audubon, Pennsylvania.