If you’re a proponent of Bitcoin, you likely consider it to be the future of currency. Others underscore its volatility and abuse by bad actors, terrorists, and international drug cartels as representative of a bad idea.
According to this analysis by UBS, a Swiss multinational investment bank, a significant liability is that its networking capabilities are too slow. Ethereum is much faster, but still not up to the scale necessary for processing massive transactions.
However, at least two private Swiss banks are now accepting cryptocurrency deposits.
Regardless of where you stand on the current state of Bitcoin and cryptocurrencies in general, things will change. And new technologies that impact large swaths of international populations don’t always accomplish such in a linear fashion.
Chris Langlois Co-Founder of Crypto Equities speaks about the current environment of cryptocurrencies.
Bitcoin pioneered the crypto market. It’s a way to store value in a different form. But there has been a lot of volatity and scams and it’s still in its infancy.
The market is wisening up and we are entering the Crypto 2.0 phase.