Allianz Chief Economic Advisor Mohamed El-Erian stated that Bitcoin (BTC) is much more stable than in previous periods, but it still cannot reach the level of 200-300 thousand dollars.
Mohamed El-Erian Aired on CNBC on October 31 In the Squawk Box programthe cryptocurrency market to the general course mentioned. Cryptocurrencies as part of the ecosystem must survive arguing that despite Bitcoin’s recent stability, El-Erian 200-300 thousand He shared his reasons by stating that he could not reach the dollar level.
economist, cryptocurrencies payments He said it had to survive as part of the ecosystem. Only better regulations are needed Stating that, El-Erian said that Bitcoin is where any innovation lives. from the usual cycles claimed to have passed.
According to El-Erian’s statements, Bitcoin will be explosion and overconsumption It is known that many funds and investment products related to itself, which we are in after the phase of overproduction passed its phase. of this universe ended in tears Expressing that, the economist said that Bitcoin compared to previous periods. much more stable that crypto investors they should be satisfied expressed.
On the other hand, the economist mass acceptance As a result of the mass adoption of Bitcoin because he thought he would not see 200-300 thousand dollars to economists who believe that did not attend also stated.