Larry Summers: “Indian Black Money Hoarders Flock To Gold And Bitcoin”
It is not impossible to see black money hoarders flock to Bitcoin or gold to store value. However, that does not mean the assets themselves are at fault. The topic of Bitcoin continues to cause controversy among financial experts. Larry Summers told the media how most Indians have already invested their money into other assets. Bitcoin is one of those assets, together with gold, or another form that is not But at the same time, this causes even more speculation as to how consumers use Bitcoin to evade taxes. Any financial asset not controlled by the government is subject to scrutiny and....
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Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold. He believes that people want an alternative to gold that is “separate and apart from the day-to-day workings of governments.” Former World Bank Economist Larry Summers Sees Bitcoin as Digital Gold Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration and as director of the White House National Economic Council in the Obama administration, talked about the future of cryptocurrencies during an....
Larry Summers, the former Secretary of Treasury of the Clinton administration, is impressed by blockchain technology and believes that it will change financial practice and exchange as we know it today. Dr Larry Summers is no stranger to the world of finance. He was the Secretary of Treasury of the Clinton administration. He has also served as the President of Harvard University and Chief Economist of the World Bank. When he makes a statement on matters concerning the financial sector, the world notices. Speaking at Consensus 2016 in New York, Larry Summers says: “Is the blockchain....
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency will do better regulated in a sound way instead of being treated as a libertarian paradise. Larry Summers Sees Crypto Benefiting From Strong Regulation Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration and director of the White House National Economic Council in the Obama administration, talked about cryptocurrency regulation during an interview with Bloomberg Friday. A former chief economist at the World Bank, Summers is currently Harvard....
Former U.S. Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble. The former secretary asserts that bitcoin’s price fluctuations are in fact a sign of its resilience. In his latest comments about bitcoin, Summers, who in 2016 became a senior adviser to Digital Currency Group, reiterates his position about the crypto and its underlying technology. Before the new remarks, Summers previously predicted that the “financial industry will adopt the technology underpinning bitcoin.” Still, in his latest....
Larry Summers is a former US Department of Treasury Secretary. Furthermore, he is a former Treasury Secretary who happens to get a real kick out of bitcoin. For all of us, digital currency enthusiasts who just want everyone to get along, it's always nice when a politician or banking official of some sort shows their support and respect for bitcoin. After all, we're so used to witnessing the opposite that sometimes it can put a real damper on our outlook on life in the virtual economy. As refreshing as his stance may be, however, Mr. Summers is acknowledging the fact that bitcoin cannot....