Predicting Bitcoin Value: Is a value of $50,000 realistic?
photo by OiMax http://www.flickr.com/photos/oimax/. World Bitcoin Network has just released a new Bitcoin Value Model. Let me begin by stating that this is a model, and no model can accurately state how much any currency is going to be worth at a point in the future. What the model can do, however, is show us how price is determined and the factors that determine it and the model can also allow us to factor in variables and view their effect. In February of this year, the Financial Times received an eMail predicting a $50,000 Bitcoin value. Their response was to remind people that Wall....
Related News
For the first time, the decentralized nature of Web3 will allow users to participate in digital economies without having to give up control over their data. Wandering around the metaverse is like being in a computer game, but soon, it will look exactly like real life. Unlike some dystopian visions of the metaverse, I don’t think we will give up on reality and stop participating in the physical world. On the other hand, advancements in artificial intelligence content generation will likely lead to a photo-realistic metaverse featuring exact replicas of ourselves and propel us toward a....
New Zealand Reserve Bank. Deputy governor Grant Spencer of the New Zealand Reserve Bank commented on digital currency during his speech at the Payments New Zealand conference in Auckland. His feelings toward digital currency looks hopeful and positive compared to the response from other countries. "As the currency issuer, the Reserve Bank does not feel threatened by Bitcoin which seems to behave more like a commodity than a currency." According to stuff.co.nz, Spencer continued his comments on digital currency, giving a favorable opinion on the future. "However, I do not doubt that future....
Double your money on an investment? The phrase represents a holy grail for many. The challenge sounds especially daunting today when most “safe” investments are returning historically low returns. Bankrate, which tracks U.S. certificates of deposit, currently lists a 2.0% 5-year return on a $25,000 deposit. According to investment author Ken Clark, doubling your money is still a realistic goal, but also one that can lure people to act impulsively. Clark, writing in Investopedia, presented five realistic strategies an investor can follow to double their money. The Classic Approach. The....
mBit features more than 200 different casino games and slots with an excellent realistic gaming experience. mBit Casino is one of the leading online casino specifically dedicated to bitcoin players. The site offers the best prizes in the gambling industry and has a cool and nice design that enables an easy to use interface. mBit aims to be the preferred bitcoin online casino for players whose countries have raised restrictions on the traditional online casino and gambling industry. mBit features more than 200 different casino games and slots with an excellent realistic gaming....
Nobel Prize-winning economist Paul Krugman says he has given up predicting the imminent demise of bitcoin. The economist now suggests thinking of the cryptocurrency “as a cult that can survive indefinitely.” Nonetheless, Krugman still believes that bitcoin has no fundamentals. Paul Krugman Likens Bitcoin to a Cult That Can Survive Indefinitely Nobel laureate Paul Krugman said on Twitter last week that he has given up on predicting bitcoin’s demise. Krugman won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008 “for his analysis of....