Bitcoin will fall to zero. Comments on the economic forum in Davos
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Recall now snow-covered city of Davos stirs debate taking place there the world economic forum. Senior Advisor of the Bank of England has already said about the futility of cryptocurrency. Following this, the founder of BCG Digital Ventures Jeff Schumacher said that the price will fall to zero. During a speech at the event, the expert said that Bitcoin has no value and as a currency it's useless. But according to him, he's very interested in the technology of the blockchain. Schumacher is one of the leading investors and a veteran in the space.
Among the other participants in the debate was attended by brad from Arlinghaus , co-founder of Silver Lake Partners Glenn Hutchins and Edith Yeung of 500 Startups Partner. Particularly hot was the debate on the blockchain.
theBitcoin — not a currency, it is nothing
All participants agreed that the technology of the blockchain will define the future applications and Finance. However, Schumacher insisted that although Bitcoin can be and great technology, while it has no intrinsic value.
theI'm sure he will drop to zero. As a technology it is interesting, but the currency is sure to fail. After all it costs nothing.
For a mass adoption of the blockchain will take 3-5 years
According to the co-founder of Silver Lake Partners Glenn Hutchins, instead of currency Bitcoin can be a great means of savings.
I think Bitcoin is much better suitable for maintaining the value, while everyday means of payment will be other tokens.
In this, he noted that the role of Bitcoin in society worries him not so much as the dissemination and adoption of technology of the blockchain. CEO Greg Arlinghaus said that he expects the widespread adoption of blockchain for about five years. More data to search for .
And the current rate of coins to peek in our classroom .
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