Bloomberg gave news that the Swiss bank UBS said that Bitcoin is not suitable to become the global payment system, which some people believe it can achieve.
"Our research suggests that bitcoin, at present, is too unstable and restrictive to become a consistent way to trade globally or to become a mainstream asset," according to this report.
UBS analysts just said the bitcoin price needs to reach 213,000 to completely replace the U.S. money supply.
Congratulations @toomatoo! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit