<img width = "696" height = "466" clbad = "entry-thumb td-modal-image" src = "https://www.criptomoedasfacil.com/wp-content/uploads/2018/11/ gettyimages-471375350-696×466.jpg "srcset =" https://www.criptomoedasfacil.com/wp-content/uploads/2018/11/gettyimages-471375350-696×466.jpg 696w, https://www.criptomoedasfacil.com/ wp-content / uploads / 2018/11 / gettyimages-471375350-150×100.jpg 150w, https://www.criptomoedasfacil.com/wp-content/uploads/2018/11/gettyimages-471375350-300×201.jpg 300w, https: //www.criptomoedasfacil.com/wp-content/uploads/2018/11/gettyimages-471375350-768×514.jpg 768w, https://www.criptomoedasfacil.com/wp-content/uploads/2018/11/gettyimages-471375350 -1024×685.jpg 1024w, https://www.criptomoedasfacil.com/wp-content/uploads/2018/11/gettyimages-471375350-1068×715.jpg 1068w, https://www.criptomoedasfacil.com/wp-content/uploads /2018/11/gettyimages-471375350-628×420.jpg 628w "sizes =" (max-width: 696px) 100vw, 696px "alt =" The economist Allianz says that Bitcoin will survive but no e will not replace traditional currency The economist Allianz will argue that Bitcoin will survive but will not replace the traditional currency "pagespeed_url_hash =" 218505945 "onload =" pagespeed.CriticalImages.checkImageForCriticality (Bitcoin and, with it, the crypto-coin market will survive, as they mark a trend toward the digitization of the economy that is here to stay, however, crypto-coins will not replace fiduciary money, according to the economist "Cryptomoedas will exist and become widespread in society, but they will be part of an ecosystem, but they will not be the norm of the economy, as some believed, "said Allianz Mohamed El-Erian
. -Erian said that Bitcoin can not replace fiduciary money because cryptomedas are commodities – not "They do not have the intrinsic attributes of a currency and therefore will not replace the currency", a- he said, pointing out that the current bear market would undergo a radical change thanks to the growing interest of institutional investors.
"We are currently seeing a turning point – retail is becoming more reasonable and institutions are starting to stabilize in this market – it's good in the long run," he said, noting that Bitcoin prices were overvalued and the "real" value of the crypto-active product was expected to be around $ 5,000 and the recent decline was not unexpected, as the market experienced an excessive consumption cycle that pushed Bitcoin prices into almost $ 20,000. This was followed by a reactive period of overproduction that fueled the ongoing liquidation.
This is the sentiment shared by Barry Silbert, founder of Digital Currency Group. who noted that the recent dramatic market fluctuations are the inevitable growth crisis that occurs in any new industry. After overcoming bubbles and market corrections, Silbert described the current market as a "weak market" with "fantastic" opportunity for investors.
