Forbes Chairman, Malcom Stevenson, Bullish on the Potential of Bitcoin to Disrupt Financial Markets

    Bitcoin has had a fair share of support from traditional finance players despite its potential to disrupt this industry. Steve Forbes, the editor-in-chief and current chairman at Forbes, is the latest to make positive sentiments about the cryptocurrency.

    Forbes termed BTC as a solution to markets that have minimal trust in fiat currencies with pioneers being the tech-savvy community.

    Steve noted that Bitcoin’s next challenge was attaining a stable value just as gold has over the years. This was during as podcast interview where he spoke to Cathie Wood, the CEO at Ark Invest. He added that it Bitcoin would need to become trustworthy, a feature that can only be acquired over time.

    Despite Forbes mentioning that Bitcoin is highly volatile, he demonstrated a good understanding of Bitcoin’s potential in the future of financial markets. One of the areas that stood out for him was the coin’s ability to liberate a population from authoritarian governments that control the masses through money supply.

    Generally, the views shared by Forbes on digital assets were encouraging to the crypto community although he may have differed with a good number of his counterparts in traditional finance.

    Bitcoin’s Price Towards a Stable Value?

    Recent crypto market trends have been mostly bearish with BTC being affected significantly. However, sentiments from BayernLB, a German Bank, suggest that the prices would bounce back in 2020.

    The most recent report from BayernLB point out that the prevailing market prices that put BTC at $8,200 are yet to capture the halving effect on the digital asset’s price. This is one of the reasons the bank is highly bullish on BTC as we dive deeper into Q4 of 2019. Bitcoin’s potential to gain a stable value like gold, however, remains uncertain given the current information!

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    Lujan Odera
    Lujan Odera
    Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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