It would be better for the economy if Bitcoin did not exist

This opinion was expressed by Dieter Vermuth. According to him, it would be much easier and better for the economy if this cryptocurrency did not exist.

What is the reason for this?

He justified this by saying that investments with high risks and having a negative amount are associated with social spending. At the same time, cryptocurrency does not help to achieve general well-being.

In his opinion, the Bitcoin market is too centralized. This benefits only the largest participants or miners. If you look at the coin as a direct currency, then it would completely fail due to high volatility and the fact that in reality no one uses it.

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