Most cryptocurrency to hit Zero: WB & Goldman
No doubt that the acceptance of cryptocurrency and blockchain slowly started increasing and different centralized organization started looking for ways to utilize this innovative technology.
- World Bank president Jim Yong Kim has said that most of the cryptocurrencies are basically ponzi schemes.
- It is still not really clear how it is going to work he added however he said that blockchain Technology can be used by developing Nations to follow the money more effectively and that one World bank is looking really carefully at the technology.
- Goldman Sachs head of investment research Steve stronger has said that most cryptocurrencies will lose all their value as they are replaced by a small set of future competitors.
- Adding that cryptocurrency don't have any intrinsic value he added the most will never see there a recent peak again. It's worrying That All cryptocurrencies Move together as a single asset class.
Source
Among all we are with safest asset of cryptocurrency ie. steemit.
This is all for now, Thankyou guys for your visit. Feel free to post your comments.
Have a nice day, till next time see ya.... @singhrajat ☺
exhilarated!
Same here
Yah, steemit is here to stay
Totally agree ☺
Jim Yong Kims comments are indicative of 1st world thinking. Claiming it could be useful for developing countries how clearly these banks and bankers view themselves.
And such a positive statement from a WB is really great for us and for all who invested in cryptocurrency
Steve Strongers comment is interesting; he correctly observed that most crypto currencies move together as a single asset class. That is starting to change as investor knowledge about the different blockchain asset classes emerges. (currency, tokens, assets...)
Agree ☺
I don't know why they wanna bring crypto to an end.. There plan won't work
Yes cryptocurrency is not going anywhere, but there are some ICO based on ponzy scheme that need to be eliminated.
"Adding that cryptocurrency don't have any intrinsic value..." Also, true of every other modern currency. I understand cryptocurrencies are more speculative in nature, but I see some as truly having quasi-intrinsic value. For example, there is one that uses a part of your computer to create cloud data storage. I treat buying the currency almost like buying a share in the company though I know it is not the same thing.
And it is kind of same with POS cryptocurrency as they also give you dividend for Holding it
Right but to be fair the stock is a share in ownership and dividend a result of profits as a result real demand and value creation. I am a big fan of pos though because I think it is somewhat analogous and create passive cryptenue
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