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Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile

Cryptocurrencies might never be able to work as actual money, according to UBS. Reason: Crypto’s volatility renders it unreliable as a store of value. The “fundamental flawâ€� inherent in cryptocurrencies is that supply can’t be reduced when demand is slumping, in most cases, said Paul Donovan, chief economist at UBS Global Wealth Management, in a […]

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Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile

Cryptocurrencies might never be able to work as actual money, according to UBS. Reason: Crypto’s volatility renders it unreliable as a store of value. The “fundamental flawâ€� inherent in cryptocurrencies is that supply can’t be reduced when demand is slumping, in most cases, said Paul Donovan, chief economist at UBS Global Wealth Management, in a […]

The post Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile appeared first on TechFans.