The Bitcoin Phenomenon
The bitcoin phenomenon steals the attention of today's society. How not, bitcoin known as the digital currency value has jumped many times over. So, is it worth bitcoin to be a medium of exchange or investment?
Economic observers from the University of Gadjah Mada (UGM) Tony Prasetiantono rate, bitcoin unfit as a currency or investment tool.
"If the currency that we know cash, hard case or can with the card.Bitcoin is different now, so I include refuse.According to me including investment bodong," he said in the Seminar of Day Literacy Investment at John Paul.
According to him, bitcoin does not deserve to be an exchange rate tool because it has no underlying basis. It is different from the money that is commonly used today.
He also told me about the history of money formation. He said, initially the US dollar (US) can not be separated from the gold guarantee.
"Now I have a little story, how the history of money, dollar, dollar formed.The first time the money was created it must be backed up or backed up with gold, or precious metals can be silver and etc. Any circulation of money say the US dollar, the Fed keeps gold. The more money in circulation the more gold deposited, so that the person holding the money believes that money is worth it, "he explained.
As the times progressed, gold was unable to guarantee money. Therefore, the basis of the valuation of money turned into a country's economy.