Central Banks’ Flawed Policies May Lead to Increased Bitcoin Adoption
Bill Gross from Janus Global Unconstrained Bond Fund believes that the flawed monetary policies implemented by central banks are turning investors towards Bitcoin. Bitcoin and its underlying distributed ledger technology can definitely give centralized monetary systems a run for their money. At least that’s what Bill Gross, a billionaire bond manager believes. Bitcoin is already popular as being an alternative to conventional financial assets. Thanks to low and negative interest rate policies being implemented by the central banks in few countries, investors are now turning from....
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Bitcoin and private blockchains offer an alternative to investors losing faith in centrally planned economic models, said billionaire investor Bill Gross. He warned that these central bank policies around the world “threaten capitalism” and real growth. The high-profile fund manager and philanthropist said central bank policies were like gamblers,....
Institutional investors have become the largest group of bitcoin buyers because of the negative interest rate policy of central banks and the rising bitcoin price, according to Chris Vermeulen, founder of AlgoTrades Systems, a market technical analyst, trader and a financial author, writing in resourceinvestor.com. Vermeulen claims central banks have proven to be a curse for global economies and their days are numbered because of new technologies and currencies. Investors Escape Fiat Currencies. People are putting money into digital currencies rather than fiat currencies due to central....
Reviewing the major monetary policy changes from the world’s central banks this year, it’s clear that there is the need for an alternative. The post Reviewing 2020’s Central Bank Policies appeared first on Bitcoin Magazine.
UK-based banking giant HSBC sees blockchain technology to benefit state-installed central banks, institutions that are tasked and responsible for a country's economic growth and wellbeing. In a document obtained by Business Insider, HSBC sees the potential of blockchain technology to transcend private and investment banks and influence or even enhance central banks' policies. The publication reports that HSBC sees central banks' current method of helping the economy through interest rates has a few drawbacks. Notably, there's no guarantee of the money pumped into the real economy as the....
Unlike the flawed banking system, Bitcoin and digital currency put the end user in full control of their money, wherever they are, at any given time. There is no central oversight, which some people see as a weakness. But stories such as what is going on in Canada goes to show how central oversight is not always preferable when the wrong people are in charge. Regardless of where one looks in the world, financial turmoil is brewing everywhere around us. Canada is no exception to this statement, unfortunately, even though the new Liberal government is planning to invest in people and the....