Critic of Bitcoin’s ‘one-percenters’ still positive about future of digital assets #togrp7
A future without digital assets is hardly imaginable but Bitcoin (BTC) is far from being perfect by design, according to a finance professor at the London School of Economics (LSE). LSE financial professor Igor Makarov believes that digital money and digital assets.#togrp7
In an interview with Cointelegraph, Makarov said that there has not been much evidence that Bitcoin can become a store of value as it has been extremely volatile over the past 10 years. Since Bitcoin’s volatility remains high despite its massive rise in value and increased liquidity, there is no guarantee that its price will become more stable one day, he said. The professor also assumed that allowing United States public institutions to invest in BTC would almost certainly result in a “temporary price appreciation.”Makarov said he doesn’t hold any cryptocurrencies at the moment.