<div _ngcontent-c15 = "" innerhtml = "
Bitcoin, ETH, XRP, and LTC prices will be on a rollercoaster for a long time, with traders and investors making and losing fortunes put them on record, in the end, according to some analysts, these cryptocurrencies will either die by themselves or be killed by the "establishment" ̵
] Take the case for Bitcoin
The "national currency" is a big promise: it should become the first real world currency, not controlled by central banks that print money, and by big banks that generate credit, and Bitcoin must win the trust of the "broader public" This means that it has to be used as a medium of exchange, value standard and store of value to replace national currencies, given the numerous obstacles se that Bitcoin has to bring, not just overcome. Such as lack of awareness, familiarity and stability, etc. And that makes some experts on the future of Bitcoin bearish.
Lars Seier Christensen, chairman of Concordium, the next generation decentralized world computer, is one of them. "In the long term, I'm bearish about Bitcoin, believing that it does not have the necessary properties of a longer-term asset and ultimately make up for it," says Christensen. This is likely to happen by accident, as Bitcoin is low in liquidity and has unpredictable major transactions is affected.
Unpredictability will make it hard for Bitcoin to gain widespread acceptance as a medium of exchange for true believers and eventually die by themselves.
But even if Bitcoin overcomes all these obstacles and is accepted and able by the general public replacing national currencies – ie becoming the new currency – what would happen then?
Bears argue that the "establishment" can not afford to let this happen.
For several reasons, including the loss of seigniorage. – Put simply, the profits of the national governments through currency pressure. Then there is the profit the banks make to get the money out and make loans.
The establishment will do its utmost to defend these profits against Bitcoin and any other cryptocurrency it wants to replace.
Recent Congressional hearings on Libra confirm the establishment of the dollar to protect against competing cryptocurrencies. In a rare sign of unity, Democrats and Republicans spoke out against Libra and had many unkind words for Bitcoin.
"Cryptocurrencies serving ONLY as currency substitutes, however, have no real long-term future," says Christensen. They are banned by governments that want to control money and taxation, and in any case, cryptocurrencies have no long-term value. Therefore, Bitcoin will only survive as a fringe activity. "
Not everyone agrees with this bleak assessment, however, as Dave Hodgson, director and co-founder of NEM Ventures, is one of them.
" Despite the opposite efforts of some people, Bitcoin will never die or be killed by the establishment, "says Hodgson. "The recent decline at Bitcoin is within the bounds of what our analysts expected from the technical analysis. However, in light of recent announcements, notably from US officials, the period was slightly delayed. "
Corentin Denoeud, CEO and co-founder of Blockchain Studio, is another.
The fact that governments around the world even talk about crypto is a sign of progress in the blockchain industry in general. While countries such as India have called for a ban on cryptocurrencies, representatives of the German central bank have reacted positively and favorably. The view that cryptocurrencies pose no threat to global currency stability has been overshadowed by China, which had previously banned ICOs and cryptocurrency trading his state media agency) as a "safe haven" after the unveiling of Libra by Facebook called his own efforts to create its own cryptocurrency. Emagazine.credit-suisse.com/app/art … = 157 & lang = DE Bitcoin – (and ETH -, XRP -, -, -) It is still unclear which side is right. LTC – etc.) real believers who believe that cryptocurrency will eventually replace national currencies need a lesson in money and banking Best