Eva Ados: Digital Currency disruption ahead, but it won’t be Bitcoin

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#digitalcurrency #Bitcoin #cryptocurrency #inflation #investors #cryptocurrencyfuture
In her appearance on Bloomberg, Eva Ados compares Bitcoin to Digital Art, which has no intrinsic value, but its value is based on perception. With its high volatility, Bitcoin cannot function as a store of value or an alternative to gold. Also, Ados states that the unlimited supply of cryptocurrencies creates a "Watered Stock" phenomenon as thousands of cryptocurrencies are now in the market. In some cases, they have an unlimited supply. This dilutes the value of each cryptocurrency, including Bitcoin.

Ados also considers the higher levels of inflation to be a transitory period. However, she is still concerned with some key factors. A critical factor to monitor is food prices, more specifically, corn, of which only 10% is used for direct consumption. Recognizably, corn has been quickly rising in the rally of raw materials, fueling major inflationary concerns for investors. Aside from this, Ados remains optimistic about Tech as it is now priced attractively. Ados continues to caution investors on the pockets of speculation that create a lot of volatility in the market.

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