Forbes Chairman: In the future, Stabilitycoins will outperform speculative cryptocurrencies, and Bitcoin will have to keep going.

Redblock Inc view 24 2020-6-22 11:15
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High net worth and high net worth investors around the world are increasingly talking about Bitcoin as a hedge and investment, while denouncing the massive money that has been put in place in the United States and uncertain in the financial market.

The real Bitcoin is Steve Forbes, president and editor-in-chief of Forbes Inc. He believes the benefits will help maintain the government's financial stability and has also called for further development of the Bitcoin blockchain.

Travel the ancient route between America and Japan

In an interview with the US Center for Natural and Artificial Intelligence, Forbes discussed the different concepts of cryptocurrencies, financial digitization, and the future of money.

He pointed out that cryptocurrencies have become an "assisted" technology as the government shifts to more flexible, interest-free lending to stimulate the economy.

However, over-advertising can lead to long-term financial uncertainty. In Japan, for example, the government introduced a credit bureau program in the 1980s, defining "a few decades" as a slowdown in the economy and in inflation from 1990 to 2000..

Japan is still not perfect despite 30 years of experience. Critics say the United States will adopt a similar policy unless decided otherwise.

While Bitcoin and the general crypto market have helped in this area, Forbes noted the enormous volatility in the BTC market.

hard cap is wrong

The supply of 21 million Bitcoin is still in question, which Forbes points out, ultimately restricting the product to increase its value is a mistake by the founders of Bitcoin. He explained that money "manages the economy" and promotes economic development rather than reducing the trade impact.

When Forbes inquired about the popularity of Bitcoin in Syria, Lebanon and Venezuela, they said it was due to the dysfunction of the entire business model rather than the revenue from Bitcoin itself.

Since last year, our country has seen an increase in the adoption of Bitcoin. Bitcoin and ETH prices are high in these countries, according to the report, and many Venezuelan retailers are now accepting BTC as a payment method for modern devices.

Bitcoin's political obstacles

Forbes believes that Bitcoin will not be approved without political and administrative support. In fact, it has been pointed out that cryptocurrencies will not be allowed to function as much as possible.

It is resolved ? Bitcoin needs to keep improving and getting the project started before it fixes any other issues.

Regarding the future of cryptocurrencies, Forbes said they need to be "very easy to use" so that the crypto industry is no longer used as cryptocurrency. He added that measures should be put in place to control the change.

In his view, a stable market is booming and will prove to be a better future for digital assets.

At the same time, it was pointed out that Facebook's virtual Amazon Librana token could serve as a leader in the cryptocurrency market, providing digital currency trading and interference processes and available 'smart' technology. .

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