Bitcoin and the Global Currency War
Anyone who understands the "undeclared" global currency war can agree that there can't be a real winner in the end. For those who are new to this concept, central banks around the globe have embarked on monetary easing by way of adopting quantitative easing or by lowering their interest rates, in order to awash their respective financial systems with liquidity. Even though central banks argue that low interest rates or infusing liquidity is vital to reviving consumer demands in the flailing economies, there is more truth to that! Nations adopt such extreme measures in order to devalue....
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Mohamed El-Erian, chief economic advisor at financial services company Allianz, says that bitcoin is not going to be a global currency and will not replace the U.S. dollar. However, he believes the cryptocurrency will always exist in the ecosystem and will not be regulated out of existence.
Bitcoin Won’t Become Global Currency Rivalling US Dollar, Says Economist El-Erian
Famed economist Mohamed El-Erian talked about the future outlook for cryptocurrencies, particularly bitcoin, in an interview with CNBC Monday.
El-Erian is the chief economic advisor at Allianz,....
If the global economy collapsed right now, there would be a specific list of “winners’ and “losers”. Although people could argue that everyone will be a loser in this scenario, there is a positive side to every story. Global currencies are coming to an end by the look of things, and new financial solutions such as Bitcoin are ready to take their place. No local currency is safe right now, and several countries will be worse for wear in the near future. Global Currency Collapse – Winners & Losers. Unlike what most people might assume, US manufacturers and multinationals would stand to lose....
Some good news for you Christmas Bitcoin lovers. Bitcoin just won the award "2013's Best Currency of the Year" by Global Post. This is awesome news and could give us a small boost in the positive direction. Hopefully we will win it next year as well. I personally believe that the year 2014 will be the biggest Cryptocurrency year yet to come. Now let's see :-). Here is an excerpt from Global Post: And the GlobalPost 2013 End of the Year Award for Best Currency goes to: Bitcoin. 2013 was the year that Bitcoin, a virtual currency traded anonymously via peer-to-peer exchanges, emerged from the....
Twitter CEO Jack Dorsey says that bitcoin will be a big part of the company’s future. “If the Internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet,” he said. Bitcoin Set to Be a Big Part of Twitter Twitter announced its quarterly earnings Thursday that beat analysts’ forecasts. During the company’s Q2 earnings call, CEO Jack Dorsey said that bitcoin would be a “big part” of the company’s....
Bitcoin is the future of global economy' is the mantra for many bitcoin enthusiasts. The potential of bitcoin as a global currency, replacing existing fiat currencies has been widely covered by many publications, including NewsBTC. Considering the scenario, many people are automatically led to believe that the Central Banks and governments are opposed to this idea and they are doing all they can to prevent bitcoin's global dominance. However, a closer look shows that the belief might not be entirely true. While few banks and governments have considered and even openly declared that they....