Bitcoin is not suitable for becoming a global payment system
Bloomberg gave news that the Swiss bank UBS said that Bitcoin is not suitable to become the global payment system, which some people believe it can achieve.
"Our research suggests that bitcoin, at present, is too unstable and restrictive to become a consistent way to trade globally or to become a mainstream asset," according to this report.
UBS analysts just said the bitcoin price needs to reach 213,000 to completely replace the U.S. money supply.
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