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Traditional Finance and Bitcoin – TREND CRYPT

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In Unconfiscatable 2020, it’s time to talk about the role that traditional finance has and how Bitcoin and cryptocurrencies have led new paradigms. For this, he was present on this panel: Max Keizer, Jon Najarian, Ugly Old Goat, Alex Mascioli and Tone Vays.

The appearance of cryptocurrencies that first was hard
answered by the bank has now become an important opportunity for
New business for the sector.

Very few times before in the financial world, a paradigm shift had penetrated so strongly in such a short time.

, Traditional Finance and Bitcoin – TREND CRYPT, Forex-News, Forex-News

Cryptocurrencies barely have 10 years of history and, nevertheless, have an ever increasing number of users that have made them a concern of regulators, the target of all kinds of speculation and, above all, the subject of analysis by experts and curious in finances, not to forget the undisputed prominence of traditional banking.

Traditional finance

Recall that, finance, is a knowledge oriented entirely to money-based business transactions. Therefore, the panelists in charge of this debate, said that finance has traditionally dealt with the most economical obtaining of funds. While today, finances also deal with the application of funds.

On the other hand, the speakears pointed out that with the appearance
Bitcoin, was a break with many of the monetary dogmas until
Then irrefutable. Its most sensitive difference to the use of money is
not having a physical entity, but it is only a digital medium of
payment.

Now, against fiat money or systems
based on the gold standard, only the mathematical architecture with which they have
designed these digital currencies defines its emission rate, its applications and
guarantee of value for financial transactions.

In this sense, these experts reflected, saying that the
unstoppable popularity of these digital currencies has not gone unnoticed in
the most recent financial forums with the greatest international projection, where
They have occupied a wide space for debate and reflection.

Now, they also stressed that it is widely known that the entry of
Bitcoin introduced a revolutionary form of traditional finance, by
point that its underlying technology, the Blockchain has proposed new schemes
of decentralized finance (DeFi) that have been quite productive and
novelty

Recently we have seen how the leading cryptocurrency in the market has been compared to Gold and against such well-recognized stock market indices on Wall Street, where its performance has simply been superior, doubling the advantage over traditional assets on most occasions.

, Traditional Finance and Bitcoin – TREND CRYPT, Forex-News, Forex-News
Unconfiscatable 2020: Panel on traditional finance and Bitcoin

DeFi are better alternatives than traditional banks

Decentralized finance and Bitcoin have advanced,
especially since the end of 2018 when the bear market seized the
crypto scene

Bitcoin was the pioneer of decentralized space that
It promised high lucrative returns but with greater risks involved.
Its price is very volatile and they have fluctuated more than 40% in a single day this year,
so investing in cryptocurrencies forces
a lot of market knowledge and wisdom in reading patterns
commercial.

For this reason, they highlighted that a new form of platform
financial call decentralized finance (De-Fi) has gained a lot of popularity
in the last year and the companies inherent in this scheme have seen an increase
140% in investment since the beginning of 2019.

They reiterated, in addition to the traditional high-risk investment that Bitcoin and the rest of the cryptocurrencies implies, De-Fi platforms have become an excellent option to mitigate risks, obtain good returns and ignore the fraud that generated controversy in many Fraudulent schemes of the popular ICOs in 2017.

To end

Meanwhile, Max Keiser said that the reason why traditional bankers do not like crypto markets is because the leading digital currency of commerce makes financial institutions “obsolete.” Therefore, they “rightly fear” for their jobs as the BTC replaces them.

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Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and development that they offer to humanity.



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