2019 has been a positive year for cryptocurrency owners and\ninvestors, but economists are still not convinced of the benefit of digital\ncurrencies and advise against investing in these assets. As for the world’s\nfirst digital currency, Bitcoin, it must be seen as a “pyramid\nscheme” said analysts.<\/p>\n\n\n\n
“Bitcoin is a pyramid scheme, where you can only make\nmore money by relying on those who invest after you,” said Tendayi\nKapfidze, chief economist at US credit broker Lending Tree.<\/p>\n\n\n\n
The price of Bitcoin, which is considered the most popular\ncurrency, rose by more than 85 percent in 2019, which represents one of the\nbest returns of financial assets. Nevertheless, experts consider that the mere\nfluctuation of the Bitcoin price is the reason why investing in this asset is\nconsidered dangerous.<\/p>\n\n\n\n
“It has no real utility in the world. We have been\ntrying to find the benefit of using Bitcoin for ten years.” The economist\nat Lending Tree says they have always been trying to find solutions to this\nproblem for a long time but to no avail.<\/p>\n\n\n\n
Experts generally believe that investments in encrypted\nassets are considered “purely speculative.”<\/p>\n","protected":false},"excerpt":{"rendered":"
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