Why cryptocurrencies may remain merely a bit on the side

google announced big news for bitcoin user that they would be allowed to purchase advertising space on its page through bitcoin in august The growing event surrounding digital currencies has not been ignored at the Bank of England, and the brightest event on Threadneedle Street will be held on August 12.supporters say that the value of Bitcoin has soared from less than 2,000 pounds four years ago to 45,000 pounds in April, indicating that it is a store of value, but Davidson said it may one day be equally useless. The value of Bitcoin has fallen by 40% from its peak in April to around £26,000, which means that tourists don't know how much it will cost overnight.However, the idea of ​​a publicly formulated and managed digital currency backed by the Bank of England and ultimately the British government violates all the principles of digital currencies that operate outside of regulation like Bitcoin. Sending between people's digital wallets, no one knows what happened, which is why it is called a money launderer's paradise. Bill Clinton's former economic adviser Larry Summers criticized the Fed for apparently not caring about the rise of digital currencies.For the banking industry, it will be interesting to hear how the current form of digital currency that most of us use to make payments via mobile phones, computers and debit cards will be replaced by a modern one that will one day be replaced. Surrounded. Because of protection and rules, they are like money. Summer was one of the early fanatics, but now he says that in addition to regular remittances, cryptocurrencies can also be things like gold.

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