When you Invest in the universal law the General rule is: the actual value of the asset, determined in the long term, the price of seen. Of course, the increase in price from value, as it is the most crypto-currencies have shown in the bull market in 2017. In the long term, however, is closer to the price, however back to the actual value. However, as the actual value comes from? Usually the Use Case, so the purpose of the asset determines this. Precisely for this reason, it is repeatedly discussed about the actual Use Case of Bitcoin. Many experts are not in agreement, because Bitcoin can meet in the theory of different purposes.
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Ripple CEO looks to the end of the useless hype
The question as to the purpose of use, i.e. the Use Cases of the Coins is very crucial. Some even claim that it is the most important question of all for a crypto-currency. So Ripples CEO, Brad garlinghouse, said in a recent Interview with CNN Network, the Use of a digital Token is of the utmost importance, and in the future, only the long-term value is determined.Especially in the Crypto area, there are always strong Hype phases, such as, for example, in 2017. This is according to Ripple CEO, however, in the near future for many cryptographic a the end of currencies. For most of the nowadays, almost 2650 existing Coins, that would mean the From.
Bitcoin has many application possibilities
Bitcoin should make it less thought. BTC is the oldest of all the Coins and, accordingly, high confidence in the function is way. This is reflected both in its market capitalization, as well as in its dominance again, which is currently about 70%.There are many conceivable applications for Bitcoin. Some see it as a basis for Web 3.0. Currently Bitcoin currencies rather than a substitute for Fiat, so as money seen. For 2 properties, which meets any Form of money, the ability to store of Value (Store of Value) and the ability to Transport or exchange (Medium of Exchange) go hand in hand. Both meets Bitcoin at the current state-of-the-art technology.You don’t want to buy Bitcoin, you know, but where? To decide the right provider is not always easy. Therefore, we recommend that you take the time to look at our Bitcoin Broker & exchanges comparison. Often several providers are already required to really get all the Cryptos to cover. See for yourself: Bitcoin Broker & stock exchange compared with that now read.
Bitcoin is rather a Store of Value at the moment
BTC is fulfilling both functions, but to be able to an Investment in the Coin will be correctly assessed, it is important to know, whether this performs the function only on paper or whether that actually happens in the market. The discussion of the current Use of Bitcoin rises so again and again.Now Travis Kling, Chief Investment Officer at Ikigai Asset Management has spoken with CNN to do this. In the Interview, he said that Bitcoin would be currently a good Store of Value, as it could also be a Medium of Exchange. In other words: Bitcoin is currently used more as an Investment than as a means of payment.
Bitcoin as a form of payment in the future?
Kling does not deny, however, that Bitcoin will take the function as a means of payment in the future, as well as the function of Store of Value, for himself. He continues his statement that Bitcoin will be a rising value in the next few years, is less volatile and, therefore, more as a means of payment used.In the same Interview, the Chief Investment Officer expresses itself but also critical of the Central institutions issued Stablecoins, such as, for example, Libra from Facebook. This should get its value from an underlying basket of different Fiat currencies:
Whether you use WeChat in China and Kakao in South Korea, the underlying currency, that Fiat are still the currencies will be in relation to Bitcoin as an inferior Form of memory.
The are clearly bullish views expressed Kling in the Interview. With safety will change the role of Bitcoins in the world in the next few years. From the point of view of an Investor, however, it is reassuring that the ever recurrent discussion is more about which of the many functions of BTC are met and not whether or not at all. That was a few years ago in a different way and seems to have changed.What do you think met what is the function of BTC more? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News.76.4% of all CFD retail investors lose money. (Image Source: Shutterstock)