The most capitalized cryptocurrency bitcoin continues to grow. As at the time of writing the news, BTC trading at $10 700. Despite the strong growth rate and increasing the proportion held of the asset in the market, some members of the crypto community focus on the disadvantages of the cryptocurrency.
So, in a recent interview with the Australian Financial Review, CEO of the popular social network Twitter the head of the payment service Square Jack Dorsey drew attention to the differences between bitcoin and other currencies. The expert believes that currently BTC is more like an investment vehicle, akin to gold. According to Dorsey, ahead of bitcoin a long way in which it needs to take shape of a simple currency.
“Bitcoin doesn’t work as a simple currency. His behavior (rate surges up and down) make the cryptocurrency is similar to the financial instrument for investment behaviour which can be compared with gold. I believe to get the title of “currency,” bitcoin needs to become easier,” – said the expert.
It is noteworthy that earlier in the network appeared information about the fact that Twitter users can be created own cryptocurrency. Jack Dorsey has denied such rumours. In his opinion, the popular social network does not need its own token.
We will remind, earlier the journalist of the Block held
a study of the trading volume of the cryptocurrency exchanges. As a result, the expert found that the trading volume of sites not meeting the current performance of bitcoins.