Forbes founder calls cryptocurrencies a defensive asset

Forbes business publication founder Steve Forbes called digital tools defensive assets that could be a bailout in times of economic uncertainty.

During a conversation with representatives of the Center for Natural and Artificial Intelligence, he emphasized that digital currency was paid attention just in time when a crisis situation is occurring on world markets and governments need to seek support measures for various industries. Already, many of them are giving out free loans and are engaged in an additional infusion of funds, which will undoubtedly have a positive impact on the crypto industry. Among the minuses of bitcoin, Steve Forbes identified high volatility.

Despite optimistic forecasts regarding digital assets, Forbes founder said that it would not be easy for them to gain mass recognition, since the main barrier here will be the authorities and financial regulators. Now he advised developers to develop the infrastructure and implement solutions that will help to become the first cryptocurrency “simple” asset and avoid high volatility.