Crypto-currencies have crept into all areas and, as a result, we have experts from almost every sphere of the world. 39, which throw their two cents into the mix. and traditional financial institutions have been the strongest critics of virtual currencies, but the list of opponents ranges from politicians to actors.

The last obscure voice comes from Bishop Hilarion Alfeyev of the Russian Orthodox Church. Speaking in his role as chairman of the Department of Relations with External Churches, Alfeyev squashed cryptocurrencies and the US dollar.

It is not surprising to see a Russian clergy take a stern stance on the dollar, but according to RT, the bishop also believes that the value of cryptocurrency rests solely on The feeling:

"Personally, I think that cryptocurrency is a new financial bubble, a new Ponzi scheme behind which there is nothing.

] His apathy towards cryptocurrency stems from what he describes as a natural progression caused by the banking system, which has gradually evolved alongside digital technology.

The theologian said that the 39, church would do well to avoid cryptocurrency:

"This innovation is representative of the entire banking system, where real assets are converted into virtual assets. This paves the way for usury, against which the Church is still pronounced, but that can not do anything – we all have to keep our money in the banks.

Value of sentiment

In January 2018, the global market capitalization of the cryptocurrency market is just over $ 630 billion, according to Coinmarketcap.com

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While this number is derisory compared to the largest players in the world stock exchange, the value represents the growth of sentiment towards cryptocurrency over the past five years.

Nevertheless, the Russian bishop says that there is a discrepancy between the perception of the value of the virtual currency in relation to tangible and traditional assets.

"Cryptocurrencies are another step in this direction – now with electronic numbers instead of paper, we see that among a certain group of people, these cryptocurrencies have value, but this is separated from reality and is perhaps the greatest danger. "

Alfeyev also struck at the current valuation of the dollar, which he says is difficult to assess given the circulation of Currency around the World:

"But now there are more dollars in the world than any gold reserve could guarantee." the dollar is already a cryptocurrency We do not know how this currency is controlled, how its price goes up and down, and even how many dollars are in circulation. "

Food for Thought

The feelings of the 39, Russian bishop may not be based on empirical market research, but it is the expression of his opinions that are the most important thing at this stage.

His voice joins an ever-growing choir that calls for better financial practices around the world. Whether it's cryptocurrency, dollar or even ruble, influential people are much more outspoken about the current economic climate.

Cryptocurrency and Blockchain technology have the potential to transform the way we treat the digital world and banks' institutions to churches are forced to educate and take stock of what is part of everyday.