Federal Reserve Bank of St Louis Recognizes Bitcoin as Permissionless and Decentralized, Says It’s Not Going to Zero

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While the naysayers say Bitcoin’s price is ultimately going to zero, a new report from the St. Louis Federal Reserve examines the long-term prospects for Bitcoin’s price, saying the nascent asset is unlikely to fall to zero. The price of Bitcoin fell nearly 85% in 2018 and is now hovering around $3,700. With such a substantial decrease in price, naysayers have been calling for Bitcoin’s demise, saying it has nothing to back up its value and is fundamentally flawed. They’re just waiting for the rest of the market to realize this and move on…….

Source: Federal Reserve Bank of St Louis Recognizes Bitcoin as Permissionless and Decentralized, Says It’s Not Going to Zero

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