Expert: Bitcoin is unprofitable and could disappear from the market in the future.

On the evening of December 17, the Beijing Times reported that no one knew what the future of Bitcoin would be. However, an analyst recently warned that Bitcoin, the world's most popular digital cryptocurrency, could disappear from the market in the near future. "Bitcoin itself will not last long," Eswar Prasad, an expert in international business law at Cornell University, recently told The Associated Press.

The value of Bitcoin has changed a lot in recent years. Last month, the price of Bitcoin fell from around $ 58,000 to less than $ 48,000.

In the past, there were a handful of digital cryptocurrencies, but now there are hundreds. Compared to Bitcoin, some of these digital cryptocurrencies are more efficient and environmentally friendly.

Blockchain is the technological basis of most cryptocurrencies. Importantly, it is a list of numbers of virtual resources spread over a global computer network.

“Bitcoin blockchain technology doesn't work well,” Prasad said. Prasad is the author of “The Future of Money: How the Digital Revolution Converts Money and Finance”. ).

He described this digital cryptocurrency as "using an unsafe environment for business efficiency" and "very impractical". It is undeniable that Bitcoin's "carbon footprint" is larger than that of New Zealand as a whole.

Prasad said some modern digital cryptocurrencies use more blockchain technology than Bitcoin.

He believes blockchain technology could change the way we operate and the way we live, like buying a house or buying a car.

Prasad said: "Because Bitcoin is not a good medium of exchange, I don't think it will be more profitable unless traders believe it will bring something to Bitcoin."

Prasad also said that digital cryptocurrencies help central banks decide on the digital model of national fiat money.

He said these digital advantages (digital fiat money models) can be beneficial because they can provide inferior payment options for everyone.

Finally, Prasad said, "You may not like Bitcoin, but it has created a revolution that will benefit all of us, directly or indirectly."