Cryptocurrency Cost
05/25/2021 |
Bitcoin processing consumes staggering amounts of power, and due to slow and expensive transactions, its utility as currency is nil. Moreover, with central banks now focusing on govcoins, cryptos will never displace real currencies. Furthermore, crypto is way too volatile for institutional investors. Finally, the constant launch of new cryptos undermines the case for any. Cryptocurrencies have turbocharged blackmail, and ransomware. Bitcoin is 12 years old and struggling for purpose.