Writer assures that the bitcoin will be the “digital gold”
The writer and historian Niall Ferguson stressed that in the future the main function of the btc will be that of a great reserve of value
British professor Niall Ferguson said this week that bitcoin will be considered in the future more “digital gold” than a form of payment.
The writer and historian also has a specialty in economic and financial history, as well as in the history of colonialism.
Ferguson assures that the cryptocurrency should not be seen only as money, since that would be very limited. He indicated that one of the factors why it should not be considered as a payment method is because of its volatility.
He also stressed that in the coming years, bitcoin will have as its main function to become a reserve of value.
Ferguson’s arguments are that, given the decentralized distributed nature of blockchain technology, bitcoin is an asset that is difficult to confiscate, and that anyone can have private keys in the same way that wealthy Europeans used to accumulate gold jewelry and precious stones.
K. Tovar
Source: Coincrispy
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