Many orthodox media at this time are spreading information about Bitcoin's record-breaking price, that Bitcoin will soon be wiped out and forgotten. However, in contrast to Bitcoin's "death penalty" scenario, it is possible to spot positive signals in recent meetings and comments from financial experts when it comes to the technological foundation behind the currency.
In an interview with Bloomberg, Mark Carney, the Governor of the Bank of England said that Bitcoin was a failure of the monetary system. However, he acknowledged that Bitcoin acted as a guideline in many respects. edge of social life.
Carney also said the currency was a challenge for central banks and supervisors of the payment and market system. Hofrichter, head of global economics and strategy at Allianz Global Investors, also emphasized that we should separate Blockchain from the weaknesses of Bitcoin and other currencies in the current context.
You don't have to look further. Even IMF's Christine Lagarde, already put crypto currencies to the limelight again. If you are going to read her blog, (
https://blogs.imf.org/2018/04/16/an-even-handed-approach-to-crypto-assets/), she put a lot of good valid points, so I believed that it has somewhat stirred some confidence in crypto investors to pour cash into the ecosystem that's why we are in climbing the ladder so to speak.
It is undoubtedly that blockchain technology (or decentralized ledger) has significant potential - at least the ability to save the cost of managing transactions and networking to the maximum. This promotes a range of financial institutions, including central banks, to learn more about Blockchain and its practical application platforms - including the conduction of financial transactions.
Blockchain will really change the landscape of different industries globally including banks. Just ironic though that banks are afraid of bitcoin but adopting the technology behind it.
So, if the red is spreading throughout your investment portfolio, do not worry too much. If you bought bitcoin at over $10,000? Relax and believe in the growth of Blockchain technology in the foreground. From this perspective, beside price fluctuations, the limitation in scalability is Blockchain's biggest barrier.
Good advise. But you have to understand that there are a lot of newbie investors and they can't really help it seeing their portfolio being down in the last couple of months. So they just decided to sell everything and get out and their dreams shattered. LOL. Scalability is a hot topic ever since, but bitcoin still exist. Let's see how everything pans out when LN is implemented.
