Sergey Glazyev: “Cryptocurrencies are only a subject of speculation while blockchain is giving some hope”

Sergey Glazyev: “Cryptocurrencies are only a subject of speculation while blockchain is giving some hope”

The advisor to the president of Russia Sergey Glazyev said that cryptocurrencies were nothing more than a subject of speculation but emphasized importance of blockchain, reports RNS.

According to Sergey Glazyev, cryptocurrencies cannot compete with fiat money. In his opinion, it is only a speculative instrument

“People will continue using cryptocurrencies but they cannot be considered real investments,” said Glazyev.

He also emphasized the importance of understanding the difference between cryptocurrencies and blockchain. Serget Glazyev believes that blockchain is becoming a very important technology which can potentially improve operations performed by banks and courts. It will also help to decrease the level of corruption and fraud in many spheres.

“Blockchain is a promising technology. It can be integrated in almost all the spheres. It will increase transparency and safety of any deals,” said Sergey Glazyev.

 

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