After conduction interviews with people I understood, that many still don’t have enough information to start using the crypto. As well people have trust issues. than I googled to see more opinions on crypto.
What Janet Yellen thinks about Bitcoin’s use case:
Ø “It is not a stable store of value and it doesn’t constitute legal tender. It is a highly speculative asset.”
“Admittedly, Bitcoin is highly volatile, but all the volatility in its decade-long history resolved to the upside, and Bitcoin outperformed all other assets. Not too bad for something highly speculative. Ms. Yellen also specified where exactly Bitcoin falls short.”
Ø “It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering.”
What Ray Dalio thinks about Bitcoin:
Ø “Bitcoin has proven itself over the last 10 years. It hasn’t been hacked. It’s by and large, therefore, worked on an operational basis. It has built a significant following. It is an alternative, in a sense, storehold of wealth. It’s like a digital cash. And those are the pluses.”
The main disadvantage of bitcoins market is that people have trust issues and not enough information to be sure to invest. To make my web application more successful I need to solve trsut issues for people. do you agree with me?
