Professor of Economics at the Lebanese American University and author of the book "Bitcoin Standard" Saifdeddin Ammous (Saifedean Ammous) believes that, despite the current difficulties of the cryptocurrency market, " Bitcoin is the strongest money ever created."
And the limitations of its issuance will allow it to defeat existing fiat currencies and always be the best option for saving money.
“Bitcoin is not the toy you want, but the medicine you need,” Ammus added in Express.co.uk's commentary.
At the same time, Ammus is confident that with the increase in the number of bitcoins in circulation, the cryptoactive asset becomes more durable, and since the physical properties of the objects have lost their importance for playing the monetary role, it can become an “all-conquering juggernaut of economic incentives” (Juggernaut is a comic hero of Marvel Comics, created by Stan Lee and Jack Kirby, this is one of the most powerful creatures on Earth. – Ed.).
Earlier, YouGov, an analytical company, shared the results of a survey designed to find out how the British view Bitcoin . Other cryptocurrencies in the study were not mentioned.
According to the survey, 93% of respondents are aware of the existence of Bitcoin. Of these, only 4% answered that they understand what it is, and about 20% – “pretty good”. As in other studies that study attitudes towards cryptocurrencies , young men are more likely to state that they understand Bitcoin well than women.
20% of all respondents surveyed are confident that in the future Bitcoin will be used as often as bank cards and cash. At the same time, the overwhelming majority of survey participants do not believe in this, and 43% are negatively disposed towards such prospects.
Also the other day, BitGo added support for the 101st digital asset. The new coin was the Gemini dollar (GUSD) of the Winklevoss brothers (Winklevoss), which followed the hundredth, anniversary cryptocurrency – Circle USD (USDC), added on November 6th.
