Bitcoin's valuation depends on the adoption rate of its underlying network, and as such, its price should soar in the future, Brian Brooks maintained.
Bitfury’s CEO Explains Why Bitcoin Is Proned for Upcoming GainsBitcoin’s valuation depends on the adoption rate of its underlying network, and as such, its price should soar in the future, Brian Brooks maintained.
Nonetheless, Brian Brooks – former US Acting Comptroller of the Currency who now serves as the CEO of Bitfury –BTC’s value will soon head north as millions of people around the globe use it for transactions. He added that the prices of digital assets are fueled by the adoption rate of their underlying network:
On another note, he argued that cryptocurrencies, including Bitcoin, Ethereum, and Ripple, do not have a chance to steal the dominance of the American dollar. In his view, those coins should be viewed not like currencies but like Internet stocks: Subsequently, Brooks touched upon stablecoins which turned into another controversial topic after Terra’s UST
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