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Friday

05 March 2021

Bitcoin skeptic debates Bloomberg analyst in latest Cointelegraph Crypto Duel

Bitcoin skeptic debates Bloomberg analyst in latest Cointelegraph Crypto Duel


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Coppola is skeptical that Bitcoin will ever succeed as a store of value because of its high volatility which, according to her, is a direct consequence of the asset’s fixed supply rate.

McGlone, on the other hand, thinks that the fixed supply of Bitcoin will lead the volatility to decline over time.

“If you have a certain supply schedule, that means 50 percent of that input for volatility is already gone (...) So, by laws of economics, volatility in Bitcoin should drop”.

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