FX.co ★ Three ways of bitcoin displacement from crypto market
Three ways of bitcoin displacement from crypto market
- Experts from the Massachusetts Institute of Technology (MIT) published an article in Technology Review analyzing various options for the development of events that could lead to the collapse of bitcoin. Analysts suggest that you familiarize yourself with the three most likely scenarios for knocking the cryptocurrency No. 1 off the pedestal.
Scenario 1: Intervention of the government and the appearance of Fedcoin
Analysts believe that the creation of the national digital currency Fedcoin on the basis of the Federal Reserve System (FED) of the United States will drive bitcoin out the market. They believe that the virtual currency with the regulator's support will strengthen the efficiency of the payment network based on blockchain technology and save the lion's share of public funds.
Scenario 2: Facebook's offensive
According to the second scenario, proposed by experts, Facebook will replace the cryptocurrency No. 1. The audience of the social network currently exceeds 2 billion people. Analysts believe that it will start issuing its own cryptocurrency or create personal bitcoin-wallets for each Facebook user. If the company convinces most of the customers to use their own bitcoin-purse, it will receive a significant segment of the crypto market, experts are sure.
Scenario 3: Creation of new altcoins
The third option, proposed by specialists, involves the creation of many new digital currencies for each individual case. They will be able to deprive Bitcoin of the primacy on the crypto market and even liquidate it, analysts believe. This scenario already begins to be implemented: many companies develop their own tokens and successfully use them.
