For UBS, the Bitcoin is a bubble, but the blockchain a reality

The bank thinks that the blockchain is like internet in the 90's ...

A bubble. For UBS's multidisciplinary team of cryptomonists, the current valuation of Bitcoin and its like is a speculative bubble. The most famous of the virtual currencies went from 2,000 to 5,000 dollars between May and October. The bank puts those responsible for its research to work with its economists and industry analysts. We are extremely skeptical that cryptomonas will eventually become currencies in their own right, "they said in a study released this week. Not least because businesses and individuals have to pay their taxes in currencies issued by states, but also because these alternative currencies are unlimited, which is a barrier to a general adoption.

However, the underlying technology, the blockchain, will have a big impact on the economy, says UBS, from finance to production and health and utilities. By 2027, the blockchain could create $ 300 billion to $ 400 billion of economic value that was previously non-existent on a global scale. The Swiss bank even believes that investing in the blockchain is like investing in the Internet in the 1990s: over the next decade it could upset the economic landscape, but a number of constraints technology. UBS believes that investors who want to position themselves in the long term have two avenues now: technology smugglers (in software, semiconductors and platforms) and early successful operators (in finance, production, health , utilities and the circular