Allianz Chief Economic Advisor Makes Statement on Bitcoin

4년 전

Given the recent price surge, digital currencies have begun attracting a lot of attention from governments and financial institutions.

Recently, Allianz Chief Economic Advisor Mohamed El-Erian made his own statement on Bitcoin.

According to El-Erian, while Bitcoin may have attracted a lot of interest from investors and the general public, it still lacks the stability required by a currency.

A currency serves as a predictable store of value, and serves as a medium of exchange that’s pretty stable in value as well — bitcoin isn’t there yet, they’re still trying to find stability so it’s more of a commodity than it’s a currency.


Thanks for reading.

To receive the most recent news, please Upvote, Resteem and Follow Me @roliboros

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT