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Al-Marsad Journal: Harvard Law School Fellow Vivek Wadhwa said that Bitcoin was not used in business transactions, adding: “In the past there were people who bought pizza with bitcoin, but we don’t use it as a digital currency anymore. “
He added in an interview on “cnn”: “What they are now are qualitative assets, they have the same value as casino chips, now the argument will be that Bitcoin will reach a value of 100,000 dollars , it can go up to half a million. dollars, or it can go down to 5 thousand dollars, we don’t know. “
Group of nerds
He continued: “Just like stopping the game”, it is a game about doping. The difference between GAMESTOP and Bitcoin is that the gamestop has a bunch of geeks and good people who don’t have any funding experience, but these have high-tech investors paying billions.
And he continued, “But what happens is when they put billions into it, the price goes up, they sell the stocks and get their profits, then bigots like my friend Dan who persuade new investors to. enter and buy Bitcoin, come to lose. their money and let the bank cry while the rich get richer and buy it again.
Cross-financial movements
Dan Moorehead, Founder and CEO of Pantera, said Bitcoin was not used in many different situations, from digital gold to inter-financial transactions for all kinds of things, and the last thing it would be good to do is use is to buy pizza. .
He added: “In fact, the first commercial transaction using this currency by a developer was to buy pizza with 10,000 bitcoins, which equals $ 5 billion today. This is the reason why people aren’t using the currency to buy things yet. “
He continued, “7% of money movements between the United States and Mexico use bitcoin. We recently sold a business in the Philippines where one in 10 adults uses bitcoin.”
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