Gold

Bitcoin

Peter Schiff, who has long criticized Bitcoin and other cryptocurrencies, expressed his concerns about Bitcoin's high transaction fees and transaction times, especially after the halving event.
According to Schiff, the cost of completing a Bitcoin transaction has now reached $128 and the transaction takes over an hour to complete. Schiff argues that these factors prevent Bitcoin from functioning effectively as a digital currency:
<blockquote>
 “The cost of actually using Bitcoin as a currency is prohibitively high for almost all transactions. “This is a failure.”
</blockquote>
Related News: <a href="https://en.bitcoinsistemi.com/blackrock-predicts-how-much-the-fed-will-cut-interest-rates-this-year/" target="_blank" rel="noopener noreferrer nofollow">BlackRock Predicts How Much The Fed Will Cut Interest Rates This Year</a>
Schiff responded to a follower's question about the cost of sending even 1 gram of gold safely around the world:
<blockquote>
 “This is irrelevant. People don't currently use gold as a currency. But if they wanted, gold could be tokenized on a blockchain. Transaction time would be nearly instantaneous and costs would be minimized. Gold works much better on a blockchain than Bitcoin.”
</blockquote>
On the other hand, cryptocurrency exchange BitMEX looks at the issue from a different perspective. According to BitMEX Research, the high cost of sending Bitcoin is an indicator of success, not failure. However, they also acknowledge that this high fee could deter usage and future adoption.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-foe-peter-schiff-says-btc-failed-explains-why/" rel="noopener noreferrer nofollow">Bitcoin Foe Peter Schiff Says “BTC Failed”, Explains Why</a>

Bitcoin Foe Peter Schiff Says “BTC Failed”, Explains Why

Bitcoin Sistemi EN

2024年4月23日公開の他の記事

Massive Altcoin Gains on the Horizon: Which Coin Will Rise First?

Terra Classic Community Turning Down Highly Debated Proposal

Solana (SOL) Price Breakout: 25% Rally Likely Due to This Reason

BattlePlan Beginner’s Guide

Solana Experiences Significant Open Interest Decline Amid Price Drop

Bitcoin Price Prediction: Will the BTC Price Crash to $35,000?

ニュースレターを購読して暗号資産の最新情報を毎日入手！