Professor William N. Goetzmann, of Yale University, thinks that Bitcoin is not a very good tool for keeping value.
Professor at Yale University. William N. Goetzmann recently spoke to Yale Insights. During this interview, Goetzmann, who talked about the function and overall value of money, made some comments about crypto coins.
According to Goetzmann, the fact that Bitcoin users cannot fully trust this crypto money seriously restricts the use of Bitcoin:
Am The fluctuations in the price of Bitcoin cause people not to rely on Bitcoin and the widespread use of Bitcoin. But the fact that crypto coins are still growing is an indication of the fact that the currency issued by the government is insufficient in some areas. Ama
The Goetzmann Bitcoin price fluctuations immortal direction is not necessary to be interpreted. According to Goetzmann, Bitcoin may not be a useful tool of accumulation due to these fluctuations, but the fluctuations have become a part of Bitcoin.
Goetzmann emphasizes that these fluctuations in the price of the crypto money from time to time are Bitcoin's biggest enemy and occasionally his best friend.
However, these fluctuations in the price of Bitcoin cause Bitcoin not to be useful when viewed traditionally:
Ir There are some basic features that every currency should have. For example, this currency should be able to be used as an accumulation tool; The fluctuations in Bitcoin price make Bitcoin a bad tool for accumulation. If you deposit 100 bucks today, you can get $ 25 in two weeks. Bugün
Yale Professor: Bitcoin The article titled Not A Good Currency is prepared by Ömer SAKMAR and published on koinbulteni.com.