Published on August 3rd, 2018 | by bitcoin0
Bitcoin is too “Volatile and scare” to used as currency
Investment bank UBS thinks bitcoin is neither money nor a viable asset class – not yet at least.
Published by UBS strategists, the report concludes that bitcoin “falls short of criteria that need to be satisfied to be considered money.”
However, the authors don’t rule out the possibility that bitcoin could one day become these things.
The authors’ findings were based on comparisons of bitcoin with “macro variables and its performance against various asset classes.”
They frequently draw parallels between bitcoin and online payments provider PayPal, and conclude that bitcoin “diffusion” could follow trends in online payments.