Can Bitcoin replace money held in a bank account? In an interview with Radio Wrocław, dr hab. Aleksander Mercik, prof. UEW, explains why Bitcoin follows different rules from the zloty and why it should be considered primarily as a high-risk investment asset.
The expert also shows that price volatility is not the only concern. How cryptocurrencies are held matters, as does the risk associated with an exchange or another intermediary. The story of two pizzas purchased for 10,000 bitcoins illustrates the scale of the increase in value, but it should not obscure the possibility of substantial losses. The full article also explains the role of a private key and considers whether cryptocurrencies may eventually replace conventional money.
