In a recent interview, Professor of Economics and author of the book “Bitcoin Standard: A Decentralized Alternative to the Central Bank”, Sayfidin Ammus, spoke about changes in the ecosystem, and also compared BTC with traditional financial institutions and gold.
In his opinion, people who ignore bitcoin and cryptocurrencies lose a lot. Cryptocurrencies were formed in the free market and have now become a “single Internet protocol” that allows transactions to be carried out worldwide without the intervention of a third party.
Ammus considers Bitcoin (BTC) a powerful tool for financial transactions, which does not replace Visa, MasterCard or Western Union, but can change the payment system in financial institutions.
In addition, he believes that the code that Bitcoin runs on could become the “last frontier of the Internet”, since it replaced the obsolete complex and unstable mechanism that political and financial institutions have proposed over the past centuries.
“Now Bitcoin is knocking on the doors of central banks,” the expert is convinced.
Ammus emphasized that BTC is seen as an accumulation tool that allows people to take care of their future. This makes him the engine of progress.
Gold and bitcoin are often compared because of common qualities, although gold is undoubtedly the best investment tool in the minds of a mass consumer.
Ammus, on the contrary, believes that Bitcoin has already become a leader, as its index of the ratio of reserves to growth looks much better than gold.
Publication date 09/11/2019
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