BitCoin accepted or not?
Lately, the term BitCoin has been circulating all around, but do we actually know anything about it?
On a discussion with the students of AAB College and other attendants of the discussion, it’s been discussed about BitCoin as a digital currency and whether it is accepted or not.
The panel consisted of 4 wise men, including here: The governor of the Central Bank of Kosovo, a professor, an analyst and a BitCoin user.
‘’It is a technology that was founded 7-8 years ago. It is indeed a complicated process for those who don’t deal with technology.’’
‘’Years ago, you saved a value by investing it into real estate, but now people want to invest in something which is independent from the government, state or banks.’’
‘’At first, BitCoin was distributed for free to around 100 people and now everyone wants to buy BitCoin. Is this a good thing? I don’t know. I am fearing it, but also it is not cheap, neither fast enough. 1 BitCoin equals to about 15000 euros.’’
The Central Bank governor said: ‘’We released a press conference where we warned that we will not be responsible for people’s investments in BitCoin, because these are individual risks.’’
Meanwhile Professor Rexha said: ‘’The demand and profit is incredibly huge, but there are risks.’’
‘’Knowledge on this field is needed when it comes to those who want to invest in BitCoin, because it is a future discovery. Also, you should be careful because by not having knowledge, you may contribute to terrorism or money cleaning.’’
‘’It can be considered a global platform. Until now, 600 billion dollars have been invested in it. It can’t either be hacked, because it costs a lot more than buying a BitCoin.’’
When asked if governments can stop it, he said that each government has its own interest, but generally they are not including themselves much, yet. Meanwhile, the Central Bank of Kosovo governor said that they will react as the Central Bank of Europe does.
‘’As long as there’s a lot of request, there is no problem, but in the moment of decrease, then there will be a big risk.’’