The founder of the Bitcoin Foundation ignores the fears of investors about the bubble, arguing that the Central Banks artificially inflated the global stock and bond markets.
In December, bitcoin reached its highs near the $ 20,000 mark, but since then it collapsed to $ 7,000, which strengthened the skeptics' confidence that the crypto currency is a bubble that will soon burst.
Matonis, who gave an interview to Business Insider at the Innovate Finance conference in London, believes that we are entering the era of alternative means of payment, where central banks are out of work. Decentralized crypto-currencies will become the locomotive of these changes, the expert added. Prior to work on the creation of the Bitcoin Foundation, Matonis was a currency trader at the Japanese bank Sumitomo, and also worked for Visa. A non-profit organization was established to pay compensation to key developers of the bitcoin protocol. To date, Matonis is the executive director of the company.