Her statements came after Bitcoin’s market cap breached the $1 trillion benchmark. Laboure opines that Bitcoin’s massive Bull Run can be justified by the Tinkerbell Effect, a term used by economists to describe the power of belief. This means that Bitcoin is valuable because people believe it is. The French economist wrote:
The analyst believes that Bitcoin is not a current threat to existing financial systems. Although the digital asset is growing to become an important store of value and means of payment, it may have to contend with government-issued digital assets and offerings from centralized firms such as Facebook’s Diem stablecoin.
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