Geopolitical analyst George Friedman in an interview for CNBC said blockchain will become ‘obsolete’ and will be broken as any encryption technology. He also believes that Russia, China, U.S. intelligence services will be able to cope with it in future.
According to Friedman, blockchain will soon lose its value. Despite that, he considers the technology performs useful and meaningful functions.
Blockchain is “one of those hypes. People [are] profiting from it, making extraordinary claims about it“, – George Friedman said.
Recently, research organization Autonomous Next estimated total investment into crypto projects in more than $9 billion this year.