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What's happening with the bitcoin price?
Experts, talking to FortunaThe most powerful women The next-generation summit in Laguna Niguel, Calif., On Wednesday afternoons, said not to worry about thinking too much about the loss of value of 80% of the cryptocurrency this year.
"The price is a real distraction," said Kathleen Breitman, CEO and co-founder of the start-up blockchain Tezos, which raised $ 232 million in its "initial coin offering" very much looked forward to in July 2017. " I've seen a lot of highs and lows, I have a lot of belief in the long-term promise of technology, "he said, adding" I never control prices … prices are for the smallest minds ". (The current market value of Tezos is about $ 252 million).
Christine Moy, host of the blockchain program at JP Morgan Chase, agrees. "What's really important to note is that we're talking about the next generation of financial infrastructure – technological advances take time," said Moy. "Looking at a daily price of crypto is a kind of false trail, but in reality, value is what technology binaries can provide over time."
Moy explained that companies like JP Morgan are still evaluating the best use cases for technology, emphasizing the potential of blockchain to automate and replace bank deposit services.
"It's a great opportunity," he said of the technology, while conceding "Nobody knows what's going on in the market".
