Bitcoin currency has recently come into the limelight as the value of the currency has skyrocketed to record highs. As a result many people are leaning towards buying this Bitcoin. However, many experts are warning about this.
➤ How safe are Bitcoin transactions?
Are there really expert economists in our world today…
Then why is the finance of almost every nation in so much shit! Inflation here and there with the citizens been left to suffer.
What role are they really playing to mitigate what is been done already and avoid further future occurrences.
Why did Bitcoin suddenly became the focus of expert economists and why is a shift from it the best solution?
He said that now many people are investing in it for more money. In such cases, if these people suddenly withdraw from the market, many will be in danger.
"That's our fear," the economist warned. "Since there is no authority, there is no room for more supply of money. So there is no mechanism to control when it collapses or goes up."
He said, the central bank of Bangladesh is saying not to invest in Bitcoin. It is not an authorized currency. It is not worth investing in it.
These are just words of a people who have been so deep in the centralized system that, anything outside its grasps is considered yo be doomed to fail. I guess they never saw Bitcoin making this milestone and it did and as much as they continue to project these doom hypothesis, they will as well wait on it yo materialize but never get to witness it happen.
Don’t wait on no one to advise you differently. Get your perspective and decided today on how yo ho about safe guarding your future through investment and what have you. Experts in Economics aren’t experts in Bitcoin or decentralization.