Akon: Bitcoin is valued the same way …

Akon: Bitcoin is valued as much as the “army-backed” US dollar

American hip-hop artist Akon spoke out in support of Bitcoin, trying to refute the opinion that cryptocurrency has no fundamental value.

In a radio broadcast published on September 10, the performer said that the same arguments apply to fiat currencies as are used against bitcoin: “The dollar is not backed by anything. The United States has no natural resources to back up the dollar. What they have to secure the dollar is the army. “.

Akon is a supporter of decentralization and other advantages of blockchain technology, which, in turn, serve as an element of the value proposition of cryptocurrencies..

Akon: Bitcoin is valued the same way ...

The fact that cryptocurrency is controlled by users, and not by the interests of national governments, also makes him stick to a positive attitude towards the prospects for Bitcoin, Akon said. “Currencies are the largest business in the world,” he said. – Bitcoin is worth something because we say it is. You give it value. With Bitcoin, I can buy a Ferrari, a house, whatever I want. It is as valuable as the dollar, because people say it is. “.

Akon announced last June that he would launch a cryptocurrency for his own “crypto city” in Africa. According to the information in the official Twitter account, the project is currently underway.

Akon: Bitcoin is valued the same way ...

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