Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO

Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO


BitPay CEO Stephen Pair has stated that speculation drives a substantial part of bitcoin’s current valuation, while the actual use of the crypto market leader as a currency is responsible for only a relatively small fraction of its price. Speaking on CNBC’s Squawk Box, Pair revealed that BitPay intends to change this situation significantly over

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Posted by David Hundeyin on December 15, 2018 @ https://www.ccn.com/bitcoin-price-driven-more-by-speculation-than-utility-bitpay-ceo/

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