Bitcoin Negative Comments Are Coming on Forum in Davos

There are quite a few negative comments about Bitcoin at the 2018 World Economic Forum, which is currently underway.. Economists, including Joseph Stiglitz, emphasize that fiat money is superior to cryptocurrencies. said it would mean “destroy by regulation”. Stiglitz said:

“We have a nice payment instrument called dollars. We can trade with it. Why do people want Bitcoin? For privacy.”

Stiglitz is not alone in his thoughts. Thomas Jordan, the head of the Swiss National Bank, also believes that strict restrictions should be placed on the uses of Bitcoin.

“There is an important principle.. Similar actions should be arranged similarly,” Jordan said. “Bitcoin and other cryptocurrencies have similar aspects to other investment vehicles.”

“On the one hand, it heavily restricts cash and on the other, it largely You cannot allow completely anonymous tools that can be used for any kind of transaction.”

For several years, there have been three parties at the World Economic Forum: those who support Bitcoin and Blockchain technology, those who do not support it, and those who are in between on Bitcoin.

While the cryptocurrency market showed a slightly more downward trend throughout January, people who made predictions about the price of Bitcoin started to reduce these predictions a little less.. Those who criticize Bitcoin have also softened a bit in their stances.

Robert Shiller, a Nobel laureate like Stiglitz, said in September 2017 that Bitcoin was “the best example of a bubble”.. Shiller spoke again about Bitcoin last week and this time he commented that he “doesn’t know what will happen to Bitcoin as a result.”

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