Bitcoin may have hit a slump, but it has regained a price surge this month, and may continue to increase in value on a long-term basis.
– Financial Analyst Carter Worth said that bitcoin has exhibited a pattern of growth
– Mr. Worth also added that other cryptocurrencies will also have a long-term growth trend
– Some, however, say bitcoin is a great scam.
In an interview with CNBC, Carter Worth said that while other cryptocurrencies will also grow, Bitcoin will be the one that matters the most.
He said, however, that bitcoin isn’t a market indicator yet, and it seems to be a stretch to say so.
According to Nasdaq CEO Adena Friedman, Nasdaq could be using cryptocurrency exchanges someday.
Despite Bitcoin’s success, it has received widespread criticism, including from Bill Harris, CEO of Paypal.
In his words, Harris said bitcoin is the “greatest scam in history.”
Mr. Harris argued that cryptocurrency has no store value and calls it a pump-and-dump scheme.
Pump refers to increasing the price to promote frenzy and dumping holdings at artificially huge prices.
Read the article written by Charlotte Davis at – https://www.express.co.uk