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Future of bitcoin vs traditional currencies

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Bobby Lee, co-founder & CEO of BTCC, China's first bitcoin exchange, sat down with Crypto Finder to discuss bitcoin's future vs traditional currencies.

Interview from Blockchain Week London. 23rd January 2018.

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Read the transcript:

I think the world is coming around to the fact that we now have a digital asset class that people can actually use to pay for things, and to make large transfers of value on the Internet in a decentralised trustless manner. I think that's very, very important.

Instead of making a bank wire transfer which takes a lot of time, patience and trust in the system working and not getting clogged up, people can now make large money transfers using digital currencies. I've seen that in business and it's tremendously powerful and rewarding.

And what do you think the next big step is for bitcoin? The next goal and the next hurdle?

Obviously for the price to keep going up, for people to realise that it's not just 100 billion, 200 billion but rather it's a trillion dollar asset class. So when bitcoin gets to US$50 000 or US$100,000, that's when it gets to that level.

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