One of These 5 Hyperinflating Economies Could Adopt Bitcoin in 2017
Fourteen countries have inflation levels above 18 percent right now, 10 of which are rising at press time. Bitcoin prices and new user adoption have spiked several times in the past during economic turmoil such as banking bailouts and hyperinflation. Bitcoin as Safe-Haven Asset. 2016 had more than its share of global economic turmoil, but 2017 is also....
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Analyzing the precarious positions of the world’s fiat economies can drive a conclusion that the Federal Reserve will have to adopt bitcoin.
One of the biggest development hurdles that Bitcoin expert and entrepreneur Trace Mayer wants the digital currency to overcome in 2017, in order for it to progress to the next stage, is for Bitcoin to go dark so as to become more expensive. Mayer says in an interview with CrushTheStreet: “I would like to see Bitcoin become encrypted so that all the investors (in those AML/KYC startups) basically lose their investments and Bitcoin goes dark. And then we have no idea what is going on fundamentally with Bitcoin and it just begins corrosively eating away at all legitimately feasible economies.....
South Korea’s incumbent president Yoon Suk-yeol has decided to delay the crypto taxation by reportedly wanting to adopt a different regulatory framework. President-elect Yoon is quite firm on remaining crypto-friendly as he might lift the ban on Initial Coin Offering (ICO) that was imposed in 2017. This move is one of the many other important […]
Bitcoin is the free market alternative to inept economists using their not-so-invisible hands to manipulate various economies across the globe.
There is much untapped potential for digital cryptocurrencies and blockchain technologies. Both have not scratched the surface of the “sharing economy. The sharing economy is a form of economic interaction that relies on collective resources, modern communication outlets, and a distributed network of information. It is the apotheosis of shared resources....