In 10 years bitcoin may drop to a price of 100$! Says Nobel Prize-winning economist Joseph Stiglitz
What if bitcoin actually drops to 10$? What will happen to the crypto currency market?
We all say that Crypto market or crypto currency in general is the future currency but where there is good there is bad also.
Crypto currency may be used for money laundering in the near future! With skyrocketing price of bitcoin as predicted it may be used for money laundering easily,
The main problem as stated by Joseph Stiglitz is that The transparency is needed by banking system and it cannot be anonymous.
Also in India the economists who don't understand the concept say this is not done, they say how can no one own this currency.
He said: “You cannot have a means of payment that is based on secrecy when you’re trying to create a transparent banking system.
"If you open up a hole like bitcoin then all the nefarious activity will go through that hole, and no government can allow that.”
So I would like to say what if bitcoin drops to 100$ what will happen?
Any guesses?
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They are not understanding the concept. If this drop happened, the industry would be in some trouble. Fortunately, I don't see this happening .
You can;t predict anything my friend. What if it does happen?
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