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Aleksey Muratov: Cryptocurrencies of new generation can squeeze Bitcoin on e-money market

Chairman of the Board of the International Public Movement Change the World Together Aleksey Muratov considers unfounded the forecasts of some experts that Bitcoin can reach the price of $500,000 by 2030.

The other day the Head of Blockchain Peter Smith and investor Snapchat Jeremy Lew in an interview with one edition stated that they admit the possibility of Bitcoin growth rate by 2030 to $500 thousand. According to Aleksey Muratov, Chairman of the Board of CWT, their forecasts in the conditions of the current realities of the cryptocurrency market development are very doubtful. "In their interview, Peter Smith and Jeremy Lew give several arguments in favor of predicting the rapid growth rate of Bitcoin. In particular, this is an increase in the share of international payments made by cryptocurrency among migrants, political uncertainty in the US and Europe, the instability of the world economy, against which investors and large players will move to electronic settlement, the widespread use of smartphones that allow to make cashless payments and other factors," Aleksey Muratov said.

He also noted that Smith and Lew also named negative factors that could affect Bitcoin. "For the sake of justice, it should be noted that they also speak about threats for Bitcoin - this is a possible hard fork and the subsequent creation of an "alternative Bitcoin". But then Smith and Lew guarantee that the powerful economic incentives of this cryptocurrency will easily cope with a possible problem," Aleksey Muratov signed.

In turn, Head of the Board of CWT said that the arguments of Peter Smith and Jeremy Lew are not objective. "I agree that all the conditions listed by them will positively affect the development of cryptocurrency market. But this does not mean that only Bitcoin will develop. They do not take into account the main thing that Bitcoin will have to share this market with other electronic currencies. Some of them, such as the new cryptocurrency PRIZM, are more perfect by a head in technical performance, and will soon be more advanced in terms of usage," Aleksey Muratov emphasized.

He also expressed confidence that PRIZM has all the chances not only to squeeze Bitcoin but also completely to drive it out of the market. "Of course, tomorrow other more advanced projects may appear on the market of cryptocurrencies as the world has moved on. PRIZM is the first signs in the market of cryptocurrencies which significantly exceeds Bitcoin technically. One thing I can say for certain - blockchain technology is the thing for the future including in the field of finance," Aleksey Muratov resumed.

Source: CWT News

  • April 13, 2017 4:21 PM MSK