The mass acceptance of Bitcoin is only a matter of time away, and as the world realizes this fact, the established traditional financial institutions, as well, will be adopting the digital coin. According to Deutsche Bank analyst, Marion Laboure stated that Bitcoin has the potential to become the ’21st Century Digital Gold.’ Who Is Marion Laboure? Marion Laboure of Deutsche Bank is appointed as a senior economist and market strategist. She is also a profession of economics and finance at Harvard University. Laboure claims that Bitcoin is not the same as traditional fiat currencies, which are backed by governments and used as legal tender. Is Bitcoin The Future? However, Bitcoin is not a dependable store of value today and predicts further volatility in the near future. For the analyst, Bitcoin is not a form of payment, and neither does she believe that it has deflationary tendencies. “Bitcoin is risky – it is too volatile to be a reliable store of value today. And I expect it to remain ultra-volatile in the foreseeable future.” For the same, she has cited three reasons. “About two-thirds of Bitcoins are used for investments and speculation. Second, due to its limited tradability, just a few additional large purchases or market exits can significantly impact the supply-demand equilibrium. Third, Bitcoin’s value will continue to rise and fall depending on what people believe it is worth.” Laboure claims that the little changes i...
