As the first cryptocurrency will bring back a healthy capitalism? The answer of the economist
Source:Professor and Bitcoin economist from Lebanon doctor talked to Express on the subject of cryptocurrencies. According to him, Bitcoin could reproduce the economic system like the gold standard in its most positive manifestations. He said that the Golden age of capitalism had a very positive effect on the prosperity of society. And if you look to the future, Bitcoin is able to provide to our society that the «previous, unadulterated version of capitalism». Recall Ammos is the author of the popular theme of the book «The Standard».
According to Ethereumworldnews, he sees nothing wrong with how the decentralised nature of Bitcoin virtually deprives governments of any possibility of control. Moreover, taking into account the economic realities of Bitcoin, he is able to encourage the adoption of digital currencies as well as gold once influenced the adoption of paper money.
If the system of economic incentives of Bitcoin will continue to operate and survive in the same spirit, as it was over , there would no longer be important, what do you think traditional financial institutions. Not as important are other opinions. It will be just the economic reality in which we live. For all of us.
However, the Ammos did not hesitate to note that it is in any case not campaigning for people and companies to invest in virtual currency. According to him, this is just thoughts after a full study of the topic of digital currencies and their dynamics.
This forecast is very encouraging in the background and the entire cryptocurrency industry. In the night from Saturday to Sunday, the price of BTC has dropped to a level of 3.7 thousand dollars, while market capitalization dipped to $ 65 billion. While there are no prerequisites for trend reversal. More data to search for .
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