Steve Forbes, editor-in-chief of Forbes, a reputable business publication, enters the cryptocurrency industry camp.
However, the same businessman systematically points out the shortcomings of bitcoin that impede its more active implementation in the global market. In one of his recent interviews, Forbes said that the key weakness is the acute volatility of the largest cryptocurrency.
According to the leading editor of Forbes, bitcoin is a “steak” today, which tomorrow can become “food for dogs.” The meaning of such a phrase is that today a coin rises in price and brings income to investors, and tomorrow it begins to fall rapidly, causing losses to its holders.
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At the same time, the decentralized nature of the cryptocurrency allows any investor who invests in bitcoin to become independent. Almost all countries whose residents acquire this asset in large quantities are afraid of this.
Most likely, the governments of such states do not legalize bitcoin, if only for the reason that it is a kind of symbol of the approaching revolution, which will inflict a crushing blow on the dominance of traditional financial institutions, the businessman emphasized.