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RE: Bitcoin: All eyes on the US Fed's rate decision this week

in Project HOPE4 years ago

Hi @karamyog Greetings, I have been reading recently that it is possible that traditional financial institutions and large technology companies may want to introduce their own virtual currency systems. In order for these systems to achieve widespread acceptance, they will need to have some of the main virtues of bitcoin and generate enough confidence for the exchange rate against legal tender to maintain stability. These systems, potentially more secure, in terms of lower energy consumption or computer memory and which would inspire more confidence, could take hold and cause the value of bitcoins to plummet, which is a cause for concern. They will be a litmus test for bitcoins, whether they trade at $1,000 or $100.

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