Eswar Prasad: Bitcoin won't last forever

by in Cryptocurrency News

Prasad

Professor of the theory of foreign trade relations at Cornell University, senior researcher at the Brookings Institute Eswar Prasad, was recently invited by the popular business publication CNBC for an interview. As part of a dialogue with a media representative, the man expressed his opinion on decentralized finance using blockchain technology. The scientist is sure that the use of distributed ledger technology in a variety of spheres of life is the norm for the modern financial space, until time, it will be considered "a reality that cannot be changed."

The financial market is showing rapid development, which naturally increases the number of its players. Whatever our attitude towards Bitcoin, this currency has revolutionized the technological space and continues to bring considerable profit.

Prasad is confident that Bitcoin cannot last forever.

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“Since users cannot freely exchange bitcoin, this greatly reduces its value. That pushes many to search for a more convenient cryptocurrency that can satisfy everyone in his daily use in conducting a variety of transactions. Also, over the past month, we observe that the cryptocurrency has shown its instability," - said the financial expert.