The relevance of bitcoin (BTC) is a question that often comes up from its detractors. On the occasion of the Surfin’Bitcoin conference currently taking place in Biarritz, Alexandre Stachtchenko of KPMG France and several experts have decided to burst the abscess. Cointribune tells you everything!
Will bitcoin stand the test of time?
Yesterday, Alexandre Stachchenko (KPMG France), Charles Sannat (Le Grenier de l’éco),
Adli Takkal Bataille (Cercle du Coin) participated in a discussion moderated by Richard Détente, on the theme: “Is bitcoin (BTC) value proposition really real? “.
For our experts, the trajectory of bitcoin in the future is not very clear. Especially because of the regulatory pressures government authorities are putting on the cryptocurrency industry. On the other hand, to reduce public exposure to cryptos, governments are paying close attention to central bank digital currencies (MNBC).
These offer them more options in terms of regulation and allow them to reduce crime. The question is to know if this approach is not just part of a control perspective. What is certain is that bitcoin challenges the government monopoly. Furthermore, it is up to each individual to choose whether they are ready to sacrifice their freedom to adhere to a pseudo-secure system.
For Adli, it will certainly be difficult to fight the current monopoly of the state. Moreover, it is not clear whether the fight against cryptocurrencies is peaceful. That said, Bitcoin should always be an escape route and current geopolitical trends should be able to make it stronger.
For his part, Alexandre remembers that bitcoin has been very hard for a long time, even displaced in France. Years later, mentalities have evolved and it is clear that the BTC is still there. In addition, the cryptocurrency market is under enormous commercial pressure. In fact, the demand for bitcoin is growing. In addition, large companies are breaking down silos to adopt a digital asset-centric approach to financial product providers. On the other hand, MNBCs are just the new avatar of fiat money. Therefore, they reproduce the same defects. Meanwhile, governments promote the fallacious ideology of control for the general good.
Let’s face it, bitcoin inspired the creation of a new world monetary order. All this is based on freedom, decentralization and confidentiality. Although things are slowly changing, we must prepare for the economy of the future. In particular, it is time for banks to adopt cryptocurrencies and reinvent themselves by offering new services. Moreover, although the regulations are constantly changing, they are still not sufficient. Finally, it’s worth asking whether, as adoption progresses, the infrastructure will be able to scale for everyone.
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I came to blockchain out of curiosity and stayed with it out of passion. I was amazed by the possibilities it offers through its various use cases. With my pen, I hope to help democratize this technology and show how it can help make the world a better place.
