Banks All Around the World Don't Trust Bitcoin is still the major argument against Bitcoin Today
Bitcoin is not accepted as a global currency all around the world.This argument is well supported by JPMorgan Chase chief executive Jamie Dimon took aim at bitcoin, calling the cryptocurrency “a fraud” and “worse than tulip bulbs." at a conference on
Tuesday.So bitcoin has finding it difficult to stay in the market and be accepted as a force in the global Market.People all across the world still has some doubts regarding bitcoin how bitcoin will perform in the near future and how will be the consequences of bitcoin is it good to invest in bitcoin.
Tell me your take on bitcoin.You are happy with the current state of bitcoin and you will invest in bitcoin in the near future.
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Yes, majority of bitcoin holders are holding it as an investment, not for usage. But over time this ratio will probably shift. Now the question is whether the amount of "usage by new users" will exceed the total amount "held by investors as of today". I think in the long run, it will. But I think it might be very long long run, and there will be a lot of bumps on the road meanwhile.