The report said that the Bitcoin reform is similar to the European Protestant Reform, which has sparked discussions

According to Cointelegraph, Tuant Demeester, founding partner of Adamant Capital, recently reported that bitcoin reforms are similar to European Protestant reforms in the 16th and 17th centuries. It stated that it reported 7,000 visits and 2,800 downloads in the first 24 hours after the release, and is translating French and Finnish versions. Richard Sylla, Emeritus Professor of Economics at New York University, said, "We all know that banks charge you a high fee when transferring money." Bitcoin and other cryptocurrencies are expected to make overseas payments cheaper and safer. Breaking the monopoly of the bank will be beneficial. But the Fed and its peer central banks are unlikely to disappear soon. "More likely, the 'monopoly' will get involved. The central bank will work alone or with other countries to build its own digital currency… Central banks are studying cryptocurrencies, not just Bitcoin, the price volatility of bitcoin, makes it doubtful as a currency.” Not everyone agrees that Protestant reform is the appropriate historical comparison of today's financial services drastic change or “the most fundamental change in history”, deVere Group founder Nigel Green “I think these contemporary changes are similar to those of other financial industries, such as the establishment of banks by the Rothschild family in the late 18th century, the deregulation of the financial services industry in the 1980s, and the global financial crisis of 2008. It’s the financial technology This form, including cryptocurrencies such as Bitcoin, has driven this."