The co-founder of the Bitcoin Foundation has spoken out and said that bitcoin is not in a bubble. Jon matonis bitcoin wallet, that lies with the global bond and stock markets.
Speaking in an interview with Business Insider, Jon Matonis, who helped found the Bitcoin Foundation in 2012, dismissed claims that the market is in a bubble. To the people who say bitcoin’s a bubble, I would say bitcoin is the pin that’s going to pop the bubble. Chancellor on the brink of second bailout for banks. All they’re doing is papering over the bulls infrastructure. Matonis believes that the market will be less volatile with the aid of major banks entering the cryptocurrency fold.
However, he doesn’t think that the industry should be regulated. Instead the onus should be on the individual to make sure that they have done their research before putting money into a project. I think we should operate in an environment of caveat emptor: Let the buyer do his research. This hopefully has forced a lot of investors to do more research.
No one is forcing them to invest in ICOs. If you’re worried about the risk, just walk away. Many authorities, however, are considering a regulatory approach designed to protect investors and the market. In February, it was reported that a U. Treasury official had called for more countries to put cryptocurrency regulations in place to protect the financial system and national security. G20 nations, and the Governor of the Bank of England, said last month that digital currencies don’t pose a risk to the global financial stability. This is because of the relatively small market value of the combined market compared to global GDP.
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