UBS Executive Downplays Bitcoin's Ability to Replace Fiat

UBS Government Downplays Bitcoin’s Capability to Substitute Fiat

Criticisms in opposition to Bitcoin have been relatively rampant up to now few days, with some capitalizing on its latest stoop to hammer its perceived drawbacks. In a latest Bloomberg interview, Paul Donovan, the Chief Economist at UBS International Wealth Administration, defined why he believed that digital property could be unable to interchange fiat currencies. Volatility …

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