Cryptocurrencies: Digital Tulips or The Future of Fintech

Cryptocurrencies: Digital Tulips or The Future of Fintech
ôîòî ïîêàçàíî ñ : btcmanager.com

2018-7-21 15:00

Steve Bannon, in a conversation with CNBC, recently stated that he not only owns Bitcoin but refers to cryptocurrencies as “the future.” Meanwhile, hedge fund billionaire Ken Griffin of Citadel Investment Group indicated his reticence to purchase cryptocurrencies.

Contrasting Viewpoints

This highlights the great divide that cryptocurrencies have driven between the financial and political elite. While Bannon believes that there have been grave missteps with the recent explosion of ICOs, this has not stopped him from working to create his utility tokens. According to the interview, he sees cryptocurrencies as a funding source for “the populist movement on a worldwide basis.”

For investors like Bannon, cryptocurrencies like Bitcoin are the perfect tool to control pools of wealth within like-minded social and political communities. In a globalized economy, operating outside of the boundaries of traditional funding streams means insulation from the broader market and greater financial and political capitalization.

On the flip side of the coin, Ken Griffin, founder of Citadel Investment Group, stated that he hasn’t had a single portfolio manager tell him that he should purchase Bitcoin. In the past, he has referred to cryptocurrencies as “digital tulips” a reference to the world’s first recorded speculative bubble in the 1700s. While the Dutch tulip market was incredibly active before its eventual crash, The Netherlands never saw an expansion of wealth from the bullish tulip market.

Griffin’s Disbelief in Pioneer Cryptocurrency

This point of view is not surprising given the incredible price volatility that Bitcoin has shown in 2017. After trading at $20,000 in December 2017, it currently sits around $7,500. However, the relatively high price of Bitcoin seems to indicate that investors still see enough utility in the cryptocurrency to invest.

Griffin goes on to state in his interview that he could not invest in a product that he does not believe in. Furthermore, he wished that 27-year-olds were investing in companies which will “define the future of the country.”

Griffin seems to think that cryptocurrencies are a dead end which is denying capital to businesses that are driving the future of the global industry. Bannon believes that crypto is a way to consolidate wealth around a shared political and social ideology.

While markets remain volatile, only time will tell if crypto is the future of fintech or a digital tulip craze.

The post Cryptocurrencies: Digital Tulips or The Future of Fintech appeared first on BTCMANAGER.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Molecular Future (MOF) íà Currencies.ru

$ 0.0036936 (-0.01%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 5.67 %, 7d: -99.82 %
Cåãîäíÿ L: $0.0036545 - H: $0.0036936
Êàïèòàëèçàöèÿ $322.169k Rank 2193
Öåíà â ÷àñ íîâîñòè $ 0.248809 (-98.52%)

cryptocurrencies future bannon fintech digital tulips great

Èñòî÷íèê: btcmanager.com

cryptocurrencies future → Ðåçóëüòàòîâ: 126


Central Bank Digital Currency Called The ‘Worst Financial Idea In Recent Times’

On 18th July 2018, the US congressional subcommittee on Monetary Policy and Trade held a discussion aimed at addressing some of the major questions currently facing digital currencies. The hearing that was aptly named “The Future of Money: A Look at Digital Currencies” looked at all the implications that would come with implementing cryptocurrencies in […]

2018-7-20 17:53


Ôîòî:

Lots Of New Features Coming For UnicornGo!

There are not many games based on blockchain and cryptocurrencies that manage to become mobile, but UnicornGo is about to succeed in this. In fact, there is just few days left to the opening of the mobile version, which offers an extremely simple and intuitive interface in which the user unicorns and those on the market are well highlighted, with all their graphic features and abilities.

2018-7-18 16:30


Ôîòî:

Fiat Currencies Will Become Essential to Public Blockchains

In an imagined future world of cryptocurrencies, fallible and politically influenced central bankers are replaced with algorithms and currencies get more valuable over time, not less so. Even if cryptocurrencies continue to grow (and they most likely will), if we want blockchains to deliver upon their promise, we must be able to transact using traditional

2018-7-18 15:43


Ôîòî:

‘More Durable’: CFA Institute Bullish On Bitcoin As It Adds Crypto To 2019 Exams

Financial investment association CFA Institute has confirmed cryptocurrency and blockchain will appear in its global finance exams from 2019. ‘This Is Not A Passing Fad’ Speaking to Bloomberg, which describes the move as a possible “definitive sign that cryptocurrencies have arrived on Wall Street,” the examiner said it considers the crypto space as growing faster than any other, being “more durable” in future.

2018-7-17 13:00


Send ICO

Send (SDT) is a token designed to address the three principle challenges facing cryptocurrencies today: volatility, speculation, and lack of user-friendliness. The SDT token addresses these challenges via a price consensus mechanism that maintains a stable price as demand and transaction volumes increase within the Send Consensus Network.

2018-7-16 13:31


Cryptocurrencies are the ‘future of money’: The United States Congress

On 14th July, The United States House of Representatives has gone so far as to say that digital currencies are the ‘future of money’. This latest development comes in the wake of countries such as South Korea, Malta, and Switzerland adopting and implementing clear regulation for the $250 million cryptocurrency market. The United States will begin […]

2018-7-15 12:15


Ôîòî:

4 cryptocurrency trends to watch out for

“It’s the next big revolution, just like the internet was. ” “No… it’s a bubble!” Love it or hate it, cryptocurrencies have now grown to a point where they cannot be ignored. The CBOE and CME have launched their own cryptocurrency futures, the SEC and CTFC have gotten involved, and pretty much every mainstream publication that matters discusses cryptocurrencies one way or the other every day.

2018-7-11 14:34


On the backdrop of recent developments concerning the status and the future of cryptocurrencies in India, Bitcoin has been dragged into a political scandal between the country’s two major parties. We’ve covered the story in today’s Bitcoin in

Also in the daily, check the details around some BCH-related projects and services, as well as the latest incarnations of the blockchain technology. However, he also quoted local press mentioning figures of up to 88,000 crore rupees, close to 13 billion USD.

2018-7-7 16:12


Ôîòî:

Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

2018-7-7 23:11


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru