Does Bitcoin really have no future? ￼
Recently, Bitcoin has seen a descent as it was recorded at its lowest, and the Financial Times reported that the cryptocurrency exchange FTX’s founder has claimed that the digital currency has no future as a payment network, as the people are widely criticising it for its inefficiency. Reuters has quoted the development as, “An alternative to the system is called the proof of stake network, where participants can buy tokens that allow them to join the network.”
Subsequently, the Chief said that Bitcoin has to go as a cryptocurrency, and it may still have a future as an asset, commodity, and value store like gold.” The uncertainty around the digital currency has been in the news since its start, but now the recent hike and drop has put up questions in people’s minds.