Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble….The problem with bitcoin is that it could easily blow up and central banks could then be accused of not doing anything,” ….although technology is revolutionising banking, digital currencies will not replace physical money anytime soon. “It’s too far off.”
Eulogy made by Reuters
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Top Stories
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+Monthly readers
50+
Expert contributors
2000+Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now 
Is this a Hegelian Dialectic ?
Physical currency (aka hard cash) is already being removed from the financial currency systems, and will be gone not very long from now … what will be left, is simply that digital balance in your online bank account … representing … ‘money’, based on … nothing, and worth less and less with each passing month, since its supply is truly unlimited.
Mass inflation of the currency supply by these very central banks .. now THAT is the supreme mother of all bubbles.
The grandfather of all Ponzi schemes.
that will never happen, there will only be alternatives and two paper money is backed by commodities and industries. bitcoin is only backed by the internet its market cap cant compete im sorry all your producing is internet services vs the rest of the world market and there cant be a coin for every industry and commodity thats dumb like a million 10000 of coins just to translate purchases