Bitcoin and Ethereum are currently on the rise. Will they soon push US dollars & Co.? Financial experts argue about it.
Will they be the currency of the future? Financial experts argue about the importance of Bitcoin & Co. While some believe that cryptosis is completely overestimated and soon disappear from the image, others believe in it.
This includes Max Tertinegg, the co-founder and co-founder of the Bitcoin service provider Coinfinity in Graz. His vision for the future: in five to ten years there will be "a world-wide reserve currency on a crypt-based basis," as the business insider reports.
What is a World Reserve Currency?
This means currencies used by private and public households to save money.
The five largest world reserve currencies are currently the US dollar, the euro, the British pound, the Japanese yen and, since 2016, the Chinese yuan.
And maybe the bitcoin? Tertinegg is confident about its potential - and assumes that Bitcoin could become the first virtual world reserve currency in the future.
But also the crypt diet Ethereum would be a hot favorite for the pole position among the digital currencies. This has already a fixed place on Bitkoin on online trading.
Will Bitcoin be the currency of the future thanks to its blockchain technology?
Tertinegg is sure: Crypto-cryptics are much ahead of others - behind them, the innovative blockchain technology is behind them.
It consists of a complete transaction database whose records are cryptographically interrelated.
These can no longer be manipulated, since innumerable copies of the blockchain lie with the network participants. Thus, any change occurs immediately.
"The tsunami of the blockchain revolution is only about to come," says Tertinegg. On the other hand, classic bank representatives are skeptical - according to Bundesbank CEO Carl-Ludwig Thiele Bitcoin is still a "niche product in the field of payment transactions".
The speculative is certainly serious: Now the US stock market has approved that even larger institutions may trade with bitcoins.
Financial experts are disagreeable: Bitcoin is still experiencing an all-time high
In general, it should be useful only to speculate and actually have no real countervalue. Is this view, however, not too narrow-minded?
Finally, it can not be denied that cryptic payments such as bitcoin are on the advance and increase in value. So this one is currently on an all-time high. Whoever is right in the end will show the time.
In addition, Bitcoin is already traded as the better investment of gold.