You are viewing a single comment's thread from:

RE: Cryptocurrency Discussion: Can bitcoin still thrive if governments introduce their own digital coins?

in #bitcoin7 years ago

Unfortunately, in today's market environment, I think price stability for cryptos would be double-edged sword. It would give them more legitimacy as a future currency that would guarantee price stability. However, at this point in time, the majority of the money that moves into cryptos is investment money looking for a high return on a speculative investment. If that chance of high returns (that we have seen come to fruition thus far) were to disappear, many investors would move on to the next asset or crypto that is still has high volatility.