The bitcoin is dead: long life at Bitcoin. In fact, the collapse of prices has been going on for some time now , but if on the one hand the prices of the cryptomate are struggling to find a technical level on which to stabilize, on the other hand the debate between the favorable and the opposing becomes increasingly heated. It seems to be completely missing, to be honest, a balanced position on the matter, while the future will necessarily have to deal with the adoption of what now appears simply as an emerging technology . Much of the confusion that currently permeates around the criptovalute it depends on the fact that after the last events, every position can be sustained with those that appear as valid motivations.
On the other hand, the twists and turns have been going on for some time and it is difficult not to be stunned by the high and continuous hype generated on the theme. To try to find the skein of the skein, in the next few lines we will try to do together the point of the situation , proposing to the readers in an orderly manner the latest updates.
The new criticisms and the highs to the cryptocurrencies
Let's start by delving into what we could consider as the major critical points of Crypto currencies. The prices of virtual coins continue to record new lows , so much so that the Bitcoin also burned the $ 6,000 threshold within the Luxemburg Bitstamp exchange platform. Downside performances are also recorded for other digital currencies, such as Ripple or Litecoin.
The price problem alone does not justify the excessive pessimism on technology. The bursting of the tulip bubble did not lead to the abolition of flower crops, just as the hi-tech bubble did not hold back the subsequent development of the sector. The true redde rationem seems instead expected on the regulatory side. The latest rumors seen moving in this direction the SEC in the US and bce in Europe. The US Treasury also expressed concern in this regard. For Minister Steven Mnuchin, it is necessary to make sure that Cryptocurrencies are used for legal purposes, preventing them from becoming a useful tool for fraud or money laundering. These positions therefore suggest an upcoming regulatory intervention, an element that could justify the new minimum recorded by Bitcoin quotations.
New ECB survey: 75% of the favorable responses to Bitcoin
Given the picture just outlined, what could be the moods of ordinary people regarding cryptocurrencies? The ECB conducted a brief informal survey via twitter after the middle of last month to try and clear it.
The answers that followed were quite surprising. The question asked to indicate whether Bitcoin could represent a valid alternative to traditional currencies. The 75% of the participants responded with a definite yes, while only 13% said the opposite . It then remains a dubious 9% (indicating a "maybe"), while 3% said they did not know how to respond. These are unexpected results, especially considering that at the moment the cryptocurrencies have not yet reached a widespread diffusion among the population [VIDEO]and remain a "niche" tool. However, one would wonder how the market would develop if they became widely accepted forms of electronic payment. And this is probably the element that is still missing for a universal adoption of digital coins , together with a system of rules and practices that can also reassure operators and institutional control bodies.