Germany: Deutsche Bank Research recognizes importance of bitcoin

As we advertise in a previous note, bitcoin reached a historic value of US $ 60, reaching a market capitalization of US $ 1.15 trillion, thus exceeding the combined capitalization of the giant payment processing companies, Visa and Mastercard. This milestone has been important for Deutsche Bank officials to rate bitcoin as "too important to ignore."

Indeed, Deutsche Bank Research has issued a report called "The future of payments: Series 2 Part III. Bitcoin: Can the Tinkerbell Effect Become a Self-Fulfilling Prophecy? ", in which basic characteristics of the operation of bitcoin are indicated, and the key points of the growth of the value of the cryptocurrency are taken into account, as indicated by Cointelegraph.

The truth is that bitcoin is still expected to continue to have an ultra volatile value in the short term, however, there is much enthusiasm about its adoption, thus signaling that central banks and governments have accepted that bitcoin and other cryptocurrencies are here to stay. Therefore, they are responsible for starting to regulate them, according to the aforementioned portal.

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Carlo Palomino
Bachelor from the National University of San Marcos (UNMSM). With interest in Digital Law and New Technologies. I endorse the phrase: "Knowledge is useful as it is shared." Contact: carlo.palomino19@gmail.com

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