On July 10th “Fast Money” CNBC post-market show, Bart Smith, Head of Digital Asset at trading huge Susquehanna International Group, said:
“If you want to own the asset that you can actually use today and that people are functionally using, it’s bitcoin,”
“The use case for bitcoin is valid today, which is the currency of the internet”.
With its high of $19,500 in December 2017, its fall of 60% in June, priced at $6000, now at $6300, the Bitcoin has been getting a lot of publicity over the last couple of months.
The publicity was beneficial to the other cryptocurrencies and the whole cryptoeconomy in general.
Which leads Bart Smith to add “the fact that bitcoin has established use cases is what gives it the competitive advantage over other cryptocurrencies”.
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