Robert Breedlove, CEO of Parallax Digital, told Kitco News of bitcoin He shared his concerns about his future.
Black Swan
of bitcoin Acknowledging that it is the most secure computing network in human history, the CEO said that a potential “black swan” event could do him serious harm.
Stating that it is difficult to talk about a specific event in this regard, Breedlove said, hash rate He said that any unexpected event that will radically reduce the future of Bitcoin will darken.
of china to bitcoin mining Reminding the decrease in the hash rate and price after the bans on Bitcoin, the CEO stated that Bitcoin got rid of the risks of being banned. Because, according to Breedlove, no other country can stop what China cannot stop.
Risks
to bitcoin Evaluating the risks, Breedlove said that cosmological and electromagnetic pulses are potential threats.
Breedlove, hash rate He stated that in addition to environmental effects that may affect the future of Bitcoin, regulations also threaten the future. Reminding that gold was banned in the USA in the 1930s, Breedlove said that there is no guarantee that a similar application will not come for Bitcoin.
$5 Trillion
Despite all these threats of bitcoin Drawing attention to its decentralized structure and portability, the CEO stated that Bitcoin is a superior technology.
Although it may have lost some of its market value in 2022, according to Breedlove bitcoin It could reach a market value of $5 trillion in the next 5 years.
*Not Investment Advice.