The Crypto-Asset Bubble : back on the round table of the world economic forum

In this moment takes place the world economic Forum. It is held in Davos and brings together economists from around the world, as well as many politicians. Several round tables were organized, and one of them was wearing on crypto-currencies. The Crypto-Asset Bubble, held this Thursday, January 25.

An engaging debate

The crypto-currency is at the heart of all conversations lately. Many are wondering if Bitcoin in particular can be considered as a currency in its own right. This is indeed the question that are asked of those who participated in the round table called “The Crypto-Asset Bubble, that is to say,” the bubble of crypto-assets “. Jennifer Zhu Scott, member influential of the investment company Radian Partners, Cecilia Skingsley, deputy governor of the central bank of Sweden, Neil Rimer, co-founder of Index Ventures, and Robert Shiller, winner of the Nobel prize in economics, met to talk about crypto-currencies, their future, and the place they should hold in the economy. All say that the enthusiasm for digital currency is fascinating, but it lacks stability.

Points of view shared

Robert Shiller fears of a collapse of Bitcoin. He believes that the idea is very intelligent, but that they should be wary of the volatility of crypto-currencies.

World economic Forum in Davos

Jennifer Zhu Scott believes that the Bitcoin cannot be considered a currency, at least for the moment. Cecilia Skingsley noted also the lack of stability of the crypto-currency. She argues, therefore, that it is not possible to make a currency in its own right. Their value is too volatile. Neil Rimer is much more enthusiastic. He spoke of an invention that is bold and reminds us that it is a powerful tool that should not be left aside.

What is the future of the Bitcoin ?

It is this question that has been especially addressed during the round table. Jennifer Zhu Scott think the future of the crypto-currency is going to play out in the next ten years. It is possible that the outcome is positive, with a virtual currency that will be stable. Neil Rimer calls for a degree of caution, requesting the establishment of a regulatory increased and a strict regulatory framework. What the main men and women politicians also seem to think, like Theresa May, the british Prime minister, who has also tackled this delicate subject in an interview during the forum.

Person does not appear to be agreement as to the real future of crypto-currency. The doubt remains, for the moment, and the uncertainty is large.

Source : World Economic Forum