Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish I...

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....


Related News

Former Trump Economic Advisor and Goldman Sachs President Gary Cohn Warns Bit...

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....

Can Craig Steven Wright Prove He Is Bitcoin Creator Satoshi Nakamoto?

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: Regulation doomed cryptocurrenices in China

Over the weekend, The Economist offered its takeon Bitcoin’s (and other altcoins’) China problem. It argues that regulation has driven people in China out of that market in droves over the last four months or so, which isn’t a shock to anyone. “Most investors have left the market,” BTC China’s Bobby Lee told the magazine. In late November, Bitcoin’s value against the dollar broke well clear of the $1,000 mark. On some exchanges, it peaked above $1,300. More than 100,000 Bitcoins were traded daily on the BTC China exchange, and we were all excited about China leading the way. Today,....

Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocu...

Responding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation. Economist Says Governments Would Be Happy to Implement Strict Crypto Regulations Daniel Lacalle, fund manager and chief economist at Tressis Gestion, commented on Christine Lagarde’s recent remarks about bitcoin and crypto regulation in an interview with NTD Business on Sunday. Tressis Gestion provides investment....

Whales May Attempt to Dump Bitcoin above $19K, OKEx Analyst Warns

Bitcoin bulls should brace for an impact from traders holding larger quantities of the cryptocurrency tokens, warns Robbie Liu.