Host Nauraiz Rana, an economist at the World Bank, talks with Ubair Javed, an expert in technology and an award-winning avionics engineer passionate about cryptocurrency. They delve into Bitcoin and Ethereum trading, tackling key questions: What exactly is Bitcoin? How does its technology work? What determines its value? And perhaps most importantly, is it here to stay?
Ubair expands on the broader concept of blockchain technology, focusing on how governments, especially the US government, view Bitcoin and Ethereum. He explains their classification as commodities and discusses the regulatory challenges they face.
The conversation also shifts to the role of institutional investors, particularly BlackRock. Ubair highlights how their involvement impacts the prices of Bitcoin and shares predictions on potential target prices.
Additionally, Nauraiz and Ubair explore concepts like Bitcoin dominance and the fair market value of cryptocurrencies. They stress the importance of understanding market dynamics and adopting a diversified investment approach to navigate the cryptocurrency market successfully.