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Bitcoin is a “wannabe” asset hindered by price volatility and security concerns, a recent report by Citi’s analysis project said.
Citi Wants to Tie Bitcoin Blockchain to Fiat
Citi, blockchain, cryptocurrency, fiat, Bitcoin
Bitcoin is a “wannabe” asset hindered by price volatility and security concerns, a recent report by Citi’s analysis project said. Ultimately, it argued, Bitcoin is only worthwhile for its blockchain technology, which should be separated from bitcoins and used to secure transactions in fiat currency and other assets.
“The BTC commodity/currency will be more like gold, the base of the monetary pyramid, and its value will be buoyed by the demand for shorting it into dollar coins. This is the future of Bitcoin adoption.”
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