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Modern Bank Revolut says that Bitcoin is not a fraud

Apparently, the voice of the old traditional bankers, the vitriol of Jamie Dimon on Bitcoin a few months ago was giving the tone to the opinions of this traditionalist race. There is opposition of course, but not surprisingly, the opposition also comes from younger and more modern thinkers.

Revolut, a digital banking alternative, CEO Nikolay Storonsky, does not agree with the famous words of Biton. "Indicating that the only mobile banking solution plans to launch a cryptocurrency support by December.

Old vs New

As rhetoric and vitriol have cast discredit on Bitcoin by bankers Gradually, it becomes more and more obvious that there is fear and uncertainty in the market.Banks have a monopoly of money for more of a century, but there are upheavals

This monopoly is now disputed, firstly by technology like cryptocurrencies and their influence as a digital alternative to fiat, as well as by startups like Revolut, who are behind Bitcoin and his related pieces, and who are trying to change the established banking model.

Not a fraud, more like gold

According to the l & # 39; Storonsky Bitcoin's opinion is far from being a fraud, as Dimon says, but he sees rather the piece is like gold – and there are strong arguments that Bitcoin becomes a digital gold as it evolves.

Nikolay Storonsky said:

He added that he believed that people are less likely to use Bitcoin for everyday transactions, but that does not matter not in the original digital currency.

Many tout Bitcoin Cash as the alternative to Bitcoin that has the ability to be used as money, with its lower transaction costs and faster turnaround times. However, despite a less real application of Bitcoin, there is a huge value.

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"The use of gold in the real world is quite limited, but there is still a huge market, huge volumes traded.the market and these volumes determine the price of gold, "Storonsky said.

"The question," Where is the real price of gold? "Nobody knows, it's the same with Bitcoin: volumes increase, the price goes up, it's n & rsquo; There is no implication of Bitcoin in the real world, it is very limited. "

Change of Mentality


The CEO of Credit Suisse Tidjane Thiam said:

"From what we can identify, the only reason today for buying or selling Bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble. "

But on the other side of things, Mike Novogratz agrees to be a bubble, but there is also money to f area.

"Prices are going to be way ahead of what they should be."

What is clear despite going back and forth between the bankers, it is that Bitcoin is a force that needs to be taken seriously, that no longer lacks credibility and that infiltrates the market. has changed air by declaring:

"With a total value of nearly $ 120 billion, it is increasingly difficult for institutional investors to ignore cryptocurrencies. There are currently more than 800 crypto-currencies, although only 9 have a market capitalization of over $ 1 billion. "

These figures are already far exceeded …