Published
5 years ago on
October 24, 2018
“Our research found that, as of March 2018, the Bitcoin market, through the steps of gradual self-adoption since its inception, is already obeying the same kind of price-fluctuation patterns as the world largest conventional markets like the S&P500, currency exchange market, oil or gold.â€Do you think the similarities between Bitcoin and traditional markets will result in a rivalry between the two? In his answer, Drozdz responded by saying that he would rather avoid speculation and that there is a lot of mistrust which is natural when something like Bitcoin comes out of the blue.
“Let’s also remember that already there are many people who believe and trust in Bitcoin. Currently, they are ready to pay several thousand US dollars for one Bitcoin unit. Not long ago, in 2009, 10,000 of that same unit were exchanged for 2 pizzas.â€Do you think the Bitcoin market will ever be fully governed? Drozdz responds to this question by saying:
“Bitcoin is, by its very nature, decentralized and the total amount of crypto-units is limited – this may constitute one of those factors that determine its value, although it is only the global market that will reveal that; not humans as individuals.â€What are your thoughts? Let us know what you think down in the comments below!
