Swedish Bank Does Special OPED on Bitcoin

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Swedish Bank Skandinaviska Enskilda Banken AB (SEB) recently did a special op-ed piece on Bitcoin.

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The article, which was published in a local Swedish newspaper Svanska Dagbladet, consecutively shifted between praising and criticizing the digital currency, probably to maintain the diplomatic quotient of its opinion. It started with a special comment on Bitcoin’s stability, recalling how the currency gained value during its speculative phase; and how investors, at present, interpret a similar scenario for Bitcoin in the future.

“Because there is a limited theoretical amount, it is clear that the value can go up very much, if demand for the currency in the future would increase because it is becoming more widespread and are used by more,” said one of the excerpt. “It is the trend that investors in Bitcoins today hoping for.”

Decentralization Keeping Bitcoin Back

SEB however didn’t agree with the speculations that says Bitcoin value will achieve greater value and stability. According to Johan Javeus, chief strategist at SEB, a currency can never attain the aforesaid factors if it tends to free itself from concrete regulators, such as finance authorities and

Read more ... source: Bitcoin Warrior