Swiss private bank Julius Baer: no killer application found to make cryptocurrency widely accepted

Christian Gattiker-Ericsson, chief strategist at Julius Baer, ​​a Swiss private banking group, said that cryptocurrencies still lack trust and cannot compete with traditional fiat currencies. He claims that he has not found a "killer" cryptocurrency application that would make cryptocurrency more widely accepted. We are still in the Darwinian selection process, trying and testing different business models, but we have not seen any obvious winners yet. Many cryptocurrencies face the fact that supply patterns are limited, which actually makes them more like gold than money.