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Bitcoin’s initial promise to protect the world from dependence on central or commercial banks and release payments does not appear to be fulfilled.
In one of the most popular Exodus wallets, bringing even one euro in bitcoins (BTC) last Friday cost about 8 euros; This price fluctuates a lot and sometimes goes up to 20 euros. A few euros would have to be charged for the second most popular cryptocurrency over the air (ETH).
Recently, even market participants no longer consider bitcoin as a currency or a means of payment, too expensive to make payments.
As a result, a new “digital gold” label is now being placed on bitcoin, an investment tool that maintains value over the long term.
Swedbank chief economist Nerijus Mačiulis strongly disagrees with this, comparing that it is still possible to melt a physical gold ring or use it in four times electronics countries.
However, the demand for bitcoins remains: Delfi has heard the most relevant questions from market participants who want to test the cryptocurrency: how to buy, what is the most favorable moment, what risks arise and what prices to expect in the future.
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