Bitcoin Bear
Additionally, Harris predicted doom and gloom for bitcoin saying that the price of the flagship cryptocurrency will go ‘a whole lot closer to zero than a lot because there is just no value there’.
Prodded further, Harris agreed that the problems that bitcoin sought to solve still exist especially with regards to making cross-border money transfers as this is currently slow and expensive. Per Harris, however, the solution isn’t cryptocurrencies but faster networks.
With regards to the volatility that the largest cryptocurrency by market capitalization is associated with, Harris pointed out that this fact alone makes it unviable as a payment mechanism and ‘ridiculous as a store of value’.
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