American hip-hop artist Akon has supported Bitcoin , trying to refute the notion that cryptocurrency has no fundamental value.
In a radio broadcast published on September 10, the contractor stated that the same arguments apply to fiat currencies as are used against bitcoin:
“The dollar is not backed by anything. The US does not have natural resources that would provide the dollar. What they have to secure the dollar is the army. ”
Akon is a supporter of decentralization and other advantages of blockchain technology , which, in turn, serve as an element of the value proposition of cryptocurrencies.
Akon is bullish on #Bitcoin and #Crypto pic.twitter.com/Jb4OGiqr8n
– Coinsnobiety (@Coinsnobiety) September 9, 2019
To adhere to a positive attitude regarding the prospects of bitcoin, he is also compelled by the fact that cryptocurrency is controlled by users, and not by the interests of national governments, Akon said.
“Currencies are the largest business in the world, ” he said.
Bitcoin is worth something because we say that it is. You give it value. For Bitcoin, I can buy a Ferrari, a house, whatever I want. It is valued as much as the dollar, because people say it is. ”
Last June, Akon announced that he would launch a cryptocurrency for his own “crypto city” in Africa. According to information in the official Twitter account, the project is currently under implementation.
Publication date 09/11/2019
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