The true economic and financial significance of Bitcoin

Hello dear friends of @LeoFinance, in this opportunity I want to expand on the economic and financial perspective of Bitcoin that traditional banking has been evaluating the value of Bitcoin as a digital asset of relevance within the global economic structure.

The title of this publication is related to the true economic and financial meaning of Bitcoin, this in attention to the same thematic line that some important figures of traditional banking have been expressing, that after 13 years of its launching, they are beginning to understand its value.

In the words of Marion Laboure, senior analyst at Deutsche Bank, we should not compare Bitcoin, which is the oldest and the largest in terms of market capitalization, with the most recent cryptocurrencies, this statement is an obvious sign that banks are understanding the true meaning of Bitcoin.

What Marion Laboure said, is precisely because Bitcoin has characteristics that make it unique and unrepeatable, due to its limited issuance, the ability to circulate worldwide, in a decentralized manner and without dependence on third parties.

For some experts in discursive analysis, what Marion said is the product of a deep reflection after analyzing what happened recently Terra LUNA, which is probably a good reminder that not all cryptocurrencies are the same, and that there are hundreds of differences that make some of the projects running on the blockchain involve risks of scams, but that Bitcoin has mechanisms of greater security.

Another aspect that Laboure takes into account are the regulations, the executive believes that as long as regulations are developed to regulate Bitcoin, its adoption will increase in the future. I would like to know your impressions on what you have shared here.

SOURCES CONSULTED

Blogs Banks understand the value of bitcoin after 13 years of its launch. Link

OBSERVATION:

The cover image was designed by the author: @lupafilotaxia, incorporating image: Bitcoinist