Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish I...
Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset “can only establish itself if governments allow it to.” Economist Warns of Government Intervention, Bitcoin Is Not Too Big to Fail Mohamed El-Erian said in an interview with CNN Tuesday that bitcoin is not “too big to fail” and its failure could disrupt the global monetary system....
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Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as stocks, bonds, and real estate crash. In the second outcome, “the world will run away from the dollar,” the economist stressed. Peter Schiff on U.S. Economy: Two Possible Outcomes Gold bug and economist Peter Schiff continued to share his view on the U.S. economy and the Federal Reserve’s efforts to bring down inflation this week. Regarding where the U.S.....
A former top economic advisor to President Donald Trump and president of Goldman Sachs has shared his view about bitcoin. He claims that the cryptocurrency “lacks some of the basic integrity of a real market,” warning that it “may fail.” Gary Cohn Thinks Bitcoin May Fail Former White House chief economic advisor Gary Cohn said in an interview with Bloomberg’s Emily Chang, published Monday, that bitcoin “may fail.” Cohn served as president and chief operating officer of Goldman Sachs for 26 years. He left the firm in 2016 to become President Donald....
Determining the identity of Satoshi Nakamoto isn’t as simple as solving the paternity of a brilliant child, in which a DNA test would solve the issue quickly. Bitcoin, from its foundation, has never been so simple. Craig Steven Wright, a 45-year-old Australian inventor and computer scientist, now claims he, in fact, is Nakamoto after denying it in December when he was first “outed.” Wright, according to a blog posted today, now says he is Nakamoto and has cryptographic proof of it. The Economist, in partnership with GQ Magazine and the BBC, spoke to Wright prior to the blog post and....
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did back then, and insists America’s economic downturn “is going to be a much bigger crisis when the defaults start.”
Chief Market Strategist at Euro Pacific Asset Management Says the Decline in US Inflation ‘Is Only Temporary’
While Peter Schiff detailed....
U.S economist Steve Hanke gives notice on El Salvador’s Bitcoin law by saying it could be a trigger for international sanctions against the Central American country. It’s no secret Hanke is an avid objector to the leading cryptocurrency. He recently called the move to make Bitcoin legal tender in the country “stupid.” He also said […]