Bitcoin is ‘at the tipping point’, could become preferred currency for international trade: Citi
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Bitcoin is ‘at the tipping point’, could become preferred currency for international trade: Citi
epeakin
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This is what financial institutions say when they realise they have been missing out on something good and don’t want to admit they are late.
Always the media, overdoing it..
I think this is a bit of an exaggeration. It might be used in the future but it’s not exactly at a tipping point
I dont understand how bitcoin can become this “currency for international trade”.
Who wants to go online to buy a tshirt and then have to wait for average of 10minutes for their payment to be confirmed.
As well as having this unstable price. The person could be browsing a store, see an item they like, and it to cart and by the time they go to checkout the price could spike up.
I mean, how much more confirmation does the rest of the legacy world need?
At $10 per transaction, I would doubt it.
tldr; Citibank analysts believe Bitcoin could become the preferred currency for international trade or suffer a “speculative implosion” if central banks launch their own digital cash and stablecoins. Bitcoin’s global adoption and potential for quick cross-border payments for commerce may increase greatly. Citi analysts admit that there are plenty of risks and barriers for Bitcoin’s progress in global adoption.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
With it’s transaction speed…I doubt this is even feasible
Let’s be real, Citi is a huge brand. The fact that they wrote an article about Bitcoin says to the rest of the world, “Bitcoin is legit” ….
As BTC fan for 4 years, I’m loving these news bursts, it’s great for Crypto.
Be happy, these types of things affect the prices in a positive way!!!!
I think everyone should own atleast small amounts of btc. But hey, that’s just my opinion.
It’s like people arguing again about how the internet will never work 😂
It’s been ‘tipping’ since it’s inception. This is just some noise from a bank who wants to seem mildly progressive.