How does Bitcoin go through the crisis? We discuss the current situation
It is unlikely that any of our readers will argue with the fact that now the digital market is going through far from the easiest times. This is a real crisis. Coins leading the industry are falling in price, and with them – the main asset of the modern digital market – Bitcoin (BTC). While we are writing this material, the price tag of the first cryptocurrency is only $ 34,910. The fall is obvious. And amid this disastrous decline in value, a colossal blow has been dealt to the reputation of the first digital asset. Many leading figures of our time openly speak out against Bitcoin. We have collected all the loudest statements in this article. So let’s get started.
Nassim Taleb vs. digital gold
Let’s start with a discussion of the position of the famous philosopher, thinker and analyst of our time – Nassim Taleb. This is a rather famous figure who has repeatedly spoken out against digital currencies. And Bitcoin in particular. According to this expert, Bitcoin is the largest financial pyramid of our time. She, according to Taleb, has reached the $ 1 trillion mark and is about to collapse, taking all the money invested with it. True, there is a slight oversight in the philosopher’s statements.
Or rather, an understatement. Who will receive this money? Satoshi Nakamoto? About whom you have not heard anything in recent years? How does Taleb envision the collapse of the digital economy? Who will be to blame, who will be convicted and who will compensate for the damage? Apparently, Taleb has no answers to all these questions. And ordinary users are very interested in his position, so much so that Nassim had to turn off comments on his social networks. Surprisingly, along with such statements, Taleb manages to support the crypto industry, praise Blockchain and even give relevant lectures. However, all have their own oddities.
JPMorgan vs. Bitcoin: one of the causes of the crisis
Philosophers aside, real-life financial geniuses are also unflattering about digital assets. And this is at such a difficult time for Bitcoin. We’re talking about the latest statement from JPMorgan CEO Jamie Dimon. The leader of the project noted that the current situation with Bitcoin is a natural outcome from the work of an “unreliable project”. Jamie also urged not to get involved with digital gold. However, Jamie Danone is primarily an entrepreneur. And only then a representative of the financial elite.
And, as an entrepreneur, he will not give up the use of digital assets in the company. JPMorgan recognized that their clients are interested in using the newfangled currencies. And the main task of the company is to satisfy such a great demand and work calmly, for the benefit of its consumers. However, Danone’s personal skepticism has not gone away. He still dislikes, understands, and does not recognize the next generation of digital media.
Note that against the background of recent events, the difficulty of Bitcoin mining has significantly decreased. In recent hours, this figure has fallen by as much as 16%. It’s phenomenal. And it clearly shows that the industry is extremely dependent on the opinions of leading analysts and well-known personalities. As we can see, not only Elon Musk is able to influence the behavior of digital assets. Much more serious is the fact that we are now talking about a reputation crisis. It is possible that Bitcoin is being rehabilitated in its own value. But will the first coin succeed in regaining the trust of its users? Do you think digital gold will be able to go through the crisis without any problems and please us with healthy growth again? Share your opinion in the comments. And follow the crypto industry news with us.. Thanks for attention. Good luck!