Governments and Banks Push Bitcoin Price to New Levels: Experts
Besides the global influx of new users, government wars and restrictions against Bitcoin appears to be toughening the resilience and character of the cryptocurrency. Bitcoin has exhibited a very strong price character so far in 2017 despite a number of setbacks. This is expressed by the manner in which its price has always shown good strength in recovery. Alena Vranova, co-founder of SatoshiLabs / TREZOR, says: “All those setbacks, hurdles and government restrictions are a blessing, making Bitcoin more resilient. The fact that Bitcoin hit $1000 for the second time in its short history also....
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The root cause of this problem is how a central bank is the “only player in town” to address economic turmoil. One thing most financial experts seem to agree on these days is how central banks find themselves in a precarious position. The Federal Reserve is sharing that opinion, as they feel central bank policy is doing more harm than good. In fact, 70% of bankers believe the monetary policy is a thing of the past. Central banks are on very thin ice, and more cracks start to appear every single day. Central banks have been using some interesting monetary policy options for several decades....
Understanding Bitcoin and the blockchain is not necessarily required to use cryptocurrency. It is good to see people show a keen interest in the ecosystem, though. Bitcoin has always been looked at as a way to make payments and disrupt money transfers. Although the financial world has opposed the idea of Bitcoin for the longest time, the tide may change soon. Financial experts feel the time has come to see cryptocurrency in the proper light: as a useful way to transfer money around the world. Cryptocurrency enthusiasts will be pleased to hear the time is nigh for Bitcoin. To be more....
At the PYMNTS' Innovation Project 2013 conference, former US vice president Al Gore made waves by speaking out in favor of bitcoin and the potential of the distributed ledger technology that drives the cryptocurrency. "I think the fact that within the bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool," Gore said. "I know that there are a lot of innovators that are out there that are trying to … come up with new models and I look forward to that." And 2016 saw governments on both the local and national levels come to the same conclusion as....
Forecasting the price of any asset is a tricky thing. Estimating the price of wildly fluctuating Bitcoin, which is much more than just some financial instrument, is nearing almost magic. One day it can shoot up by 10% just to see it fall 5% following day. Is this volatility a reason for disinterest in the future price direction and levels? CoinTelegraph.com doesn't think so and have asked experts for their opinion with two questions: Some experts didn't want to comment at all; the most courageous ones put their heads under the guillotine and provided exact price levels. We will see in one....
A long-time White House advisor and government official believes blockchain technology is likely to be used by the world's central banks to create a "universal cashless system". Dr Harald Malmgren served in the administrations of Presidents John F Kennedy, Lyndon B Johnson, Richard Nixon and Gerald Ford, working as a trade negotiator and policy researcher, and for decades played a part in shaping US foreign policy in the post-World War II era. Malmgren today acts as a consultant for companies and governments on international trade issues. In a recent interview published on Zero Hedge,....