Cyber Capital Founder Says Bitcoin is a Speculative Asset
According to Justin Bons, founder of Cyber Capital, BTC has turned out to be the weakest digital currency from a technical point of view.
According to him, other cryptocurrencies have a more impressive list of useful features.
He has said that the fall in the value of Bitcoin confirms its status as a volatile asset. Bons has stressed that BTC does not have a long-term security model and that the cryptocurrency lacks scalability and infrastructure.
He claims the practical application of Bitcoin is very weak, which once again proves its speculative purpose.
He has also admitted that in 2014 he defended the leading digital currency, but since then his point of view has changed dramatically.