Bitcoin jamie dimon news
His comments demonstrate a bitcoin jamie dimon news lack of understanding of the reality that bitcoin, in fact, has incredible value proposition and stands to replace some of the antiquated characteristics of the current financial markets. Bitcoin has been the speculation of much heated debate recently. Its previous associations with illicit markets and its extreme volatility has commanded the attention of the general public as to the nature and possibilities of cryptocurrencies, as well as the risks.
Bitcoin veterans know there are many people who hold most of their wealth entirely in crypto. When the price falls, these bitcoin aficionados view it bitcoin jamie dimon news an opportunity to convert more of their holdings from fiat. The legacy market participants struggle to understand why this might be the case. What gives confidence to bitcoin holders to ride out a downturn without losing confidence? Why do many crypto investors interested in the wild west of ICOs rather than the regulated stable legacy markets?
The answer is that the cryptoeconomy has a bitcoin jamie dimon news greater value proposition than any legacy market. The ability of a third party to delay, censor, or monitor transactions is a risk, and the elimination of any risk automatically increases confidence. Bitcoin jamie dimon news is also a form of cost, and the cryptoecosystem is always more cost efficient and secure.
If one understands this value proposition, they also understand that the value differential between the legacy and crypto ecosystem is not just large, but precipitously large. This causes an immense economic pressure that will rapidly move capital from legacy systems to the crypto economic system.
Once this is addressed, the dam will break. Builders of economic systems in crypto have been the winners since in fortune and their stature among their peers. They are the ones that will continue reap rewards as this technology continues to mature and become more widely adopted. Partner Insights Sponsor Content From: Financial services risk losing millennials to payment fintech startups. Will Wells Fargo hurt Zelle bitcoin jamie dimon news improving on it?
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