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"Bitcoin is too important to ignore"



Deutsche Bank has released a report in which they explicitly write that Bitcoin is now too important to ignore.

In fact on page 2 they state:

"Bitcoin's market capitalization of $ 1 trillion makes it too important to ignore."

This is an official report from Deutsche Bank Research, titled "Part III. Bitcoins: Can the Tinkerbell Effect Become a Self-Fulfilling Prophecy?, and which is part of a larger study entitled "The future of payments: Series 2".

This report on Bitcoin is a 19-page PDF written by the economist Marion laboure, from the Department of Economics at Harvard University, who has also worked with the Central Bank of Luxembourg and the European Commission, specializing in public finance, monetary economics and finance. technology.

In other words, she is a true expert in the field, who has in fact done a very thorough analysis.

Deutsche Bank: why Bitcoin will continue to rise

As well as considering Bitcoin too important to ignore, Laboure also says that as long as asset managers and corporations continue to enter the market, the BTC price may continue to rise.

He also believes that bitcoin price could be influenced by what's called the 'Tinkerbell Effect', which is the idea that the more people believe in something, the more likely it is to happen, as in the Peter Pan fairy tale, Tinkerbell exists only because children believe Yes.

Laboure also adds that central banks and governments are understanding that the cryptocurrencies they came to stay, so they should start regulating them as early as this year or early next year.

The economist also says that less than 30% of transactional activity in bitcoin is estimated to be related to payments, while the rest is largely related to financial investments, but still low liquidity. In 2020, it was reported that 28 million BTC were traded, representing 150% of the total number of existing bitcoins, while, for example, for Apple shares, this figure was 270%.

For this reason, the price is expected to remain volatile.

Laboure's analysis is meticulous, objective and realistic, which is actually not so common in works of this nature.


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