Bitcoin is not a real currency and it will never become
Because of its slow growth, BITCOIN was the main topic of discussion at the World Economic Forum in Davos, CNN reports.
World economists in Davos agreed that bitcoin would never reach the status of "real" currencies, such as the US dollar or the Japanese yen.
"Central banks centuries-old care the financial system ... What we now have is a good thing," said Nobel Laureate Robert Shiller.
Replacement for gold
Deputy Central Bank Governor Cecilia Skingsley said "he does not see the problem of people using bitcoin as investment property". However, it is considered too unstable for the currency.
Bitcoin prices are $ 20,000 in December this month fell to less than $ 11,000. The cause of the fall is the closure of the cryptown stock exchange and the rumor about introducing stricter regulation.
Investors in Bitcoin also doubt its use in currency. Entrepreneur and investor Jennifer Zhu Scott bitcoin is called "value reserve". It does not consider it a currency, but a better alternative to gold.
Bitcoin has limited use in the real world because only a few sellers accept it. The leading Internet payment company Stripe has announced it will suspend processing of bitcoin transactions in April due to its instability.
Before the crypt valued is a long way
And the highest government officials in Davos have made it clear that crypts are still a long way before.
"We encourage financial technology, encourage innovation, but we want to ensure that all of our financial markets are safe and not used for illegal activities," said US Finance Minister Steven Mnuchin.
British Prime Minister Theresa May announced that the British government would seriously address crypt valued, especially because of the "criminals" used by them.
Executive Director of the US investment management company BlackRock, Larry Fink, loudly condemned bitcoin, spotting it with the "money laundering index".