What is Bitcoin’s future?
Of course, only time will tell if these predictions are accurate. However, some central banks are quite pessimistic about Bitcoin. Because if the situation keeps going like this, Bitcoin will become a threat to the central banks’ existence. For example, in Bazel, Switzerland; International Payments Bank criticized Bitcoin heavily in their 2018 annual report.
Among these criticisms were Bitcoin’s security issues and possibility of fraud. Despite this we can see that Bitcoin is a currency whose usage is increasing day after day.
Moreover, Bitcoin keeps improving as a part of our lives with both benefits and downsides. People are providing demand despite the said security issues. This phenomenon can be seen as a reaction to the continuous intervention by central bank or government controlled currencies.
After reviewing all of this process, the first question that comes to our mind is “Is Bitcoin a currency or a speculative entity? How can we describe it?”
Of course, only time will tell if these predictions are accurate. However, some central banks are quite pessimistic about Bitcoin. Because if the situation keeps going like this, Bitcoin will become a threat to the central banks’ existence. For example, in Bazel, Switzerland; International Payments Bank criticized Bitcoin heavily in their 2018 annual report.
Among these criticisms were Bitcoin’s security issues and possibility of fraud. Despite this we can see that Bitcoin is a currency whose usage is increasing day after day.
Moreover, Bitcoin keeps improving as a part of our lives with both benefits and downsides. People are providing demand despite the said security issues. This phenomenon can be seen as a reaction to the continuous intervention by central bank or government controlled currencies.
After reviewing all of this process, the first question that comes to our mind is “Is Bitcoin a currency or a speculative entity? How can we describe it?”
