Jakarta, CNBC Indonesia – Some seem pessimistic about the future of cryptocurrencies like Bitcoin. Boro-boro wants to develop, they want this cryptocurrency to be shut down instead.
One of those who is pessimistic about the future of crypto is the Governor of the Central Bank of Sweden Stefan Ingves. According to him dealing with Bitcoin is like dealing with stamps and calling it a cryptocurrency will fail one way or another.
“Private money usually collapses sooner or later. Of course you can get rich trading Bitcoin, but it’s the equivalent of trading stamps,” he said.
Central Bank of Mexico Governor Alejandro Diaz has a different view on cryptocurrencies. According to him Bitcoin as a barter tool instead of official money.
High price fluctuations and low store of value are the reasons. Store of value is the ability of money to have value over time.
Money must be able to transfer current purchasing power into the future and to accumulate wealth. He is of the view that people want their purchasing power not to fluctuate by 10% from day to day.
“You don’t want that purchasing power volatility. In this case, Bitcoin and the like are not a good hedge,” he said as quoted by Reuters.
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