Post
Topic
Board Bitcoin Discussion
Re: "Bitcoin cannot become an alternative to fiat currency"- says Yanis Varoufakis
by
davis196
on 31/07/2020, 05:14:24 UTC
Famous personality, Greek politician, and former Finance minister, Yanis Varouakis recently responded to the open letter sent to him by Bitcoin socialist Ben Arc. In reply, he said that Bitcoin’s dominance is a threat to the economy and social life. What made him to reply this? Read more https://coinpedia.org/news/massive-bubble-would-be-built-on-bitcoin-criticizes-top-politician/

Yanis Varouakis isn't relevant for years.Why should we care about his opinions?
I agree that Bitcoin is very suitable for creating price bubbles and the price volatility of BTC is a big problem for the global adoption of the cryptocurrency.
However,I also think that mass adoption might actually lower the BTC price volatility to a level,in which Bitcoin will be stable enough to be used for retail purchases and paying salaries and it won't be used by investors and speculators for creating big price bubbles.