Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks So

2019-3-29 02:30

An article out today in the Economist lists several reasons why Bitcoin may never have a “long-lasting” recovery. The unnamed author writes, in part: “The bust has been correspondingly brutal.

Those who bought near the top were left with one of the world’s worst-performing assets. Cryptocurrency startups fired employees; banks shelved their products. On March 14th the CBOE said it would soon stop offering Bitcoin futures. ” He or she neglects to mention that Bitcoin has previously been one of the best performing assets as well. An interesting point to make: Bitcoin over the past three years has been the best

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Economist calls out JP Morgan analyst for incorrectly equating Bitcoin’s intrinsic value to its mining cost

Bitcoin’s recent spike above $9000 has been the talk of the town, with several analysts and proponents of the cryptocurrency vouching for its revival. In a series of tweets, Alex Kruger, a popular economist, spoke about the entry of institutions into the Bitcoin ecosystem and how the switch from retail investors was beneficial to the […] The post Economist calls out JP Morgan analyst for incorrectly equating Bitcoin’s intrinsic value to its mining cost appeared first on AMBCrypto.

2019-6-17 11:30


Ôîòî:

Russia Planning $10B Bitcoin Investment, Insists Kremlin Economist

Russian economist, Vladislav Ginko, says Russia is looking to invest $10 billion in Bitcoin as the State Duma has put cryptocurrency legislation high on the agenda for 2019. Rumored $10 Billion Bitcoin Investment Ginko, an economist with ties to the Kremlin, says the Russian government will convert some of its USD reserves into Bitcoin, a move that could start as early as February.

2019-1-14 20:00


Regulations Will Be the Death of Bitcoin, Says Nobel Laureate Economist

Speaking with NBC’s Financial News on Monday, Columbia University professor and Nobel Prize-winning economist Joseph Stiglitz spoke disparagingly of Bitcoin and other cryptocurrencies. Among the interview’s biggest highlights are Stiglitz’s comments about the risks of Bitcoin’s anonymity and his assertion that regulatory agencies may possibly “use the hammer” to prevent cryptocurrencies’ further growth.

2018-7-11 01:10


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