Economist Says Recent Bitcoin Collapse Was ‘A Necessary Move.’ Crypto Rally P...
The recent Bitcoin collapse in value from $90K+ to $78K may have forced traders to eat store-brand muesli instead of the premium stuff. But one leading economist says that the drop in Bitcoin value was a ‘necessary move.’ Henrik Zeberg made a couple of wild predictions. But one prediction he made is something most people […]
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The prestigious magazine The Economist has an article titled "The magic of mining." Mining Bitcoin has become a big, ruthlessly competitive business. Bitcoins, The Economist says, have three useful qualities in a currency: they are hard to earn, limited in supply and easy to verify. But stability is important too: just over a year ago a bitcoin was worth four times as many dollars as now. The Mt. Gox affair and the recent problems at Bitstamp show that the Bitcoin economy still has many threats to face. The media tend to report only the huge swings of Bitcoin price (and, recently, the fact....
Ethereum is now the second major cryptocurrency from the last bull run to break its former all-time high. One author and economist, however, claims that this is only the beginning of the top altcoin following in Bitcoin’s footsteps, and will soon rally to $20,000 mimicking the epic 2017 bull run. Here’s the theory behind the lofty price target more than 10 times the current price per token. Economist Estimates The Long Term Value of Ethereum […]
A chief economist at UBS, the largest bank in Switzerland, says cryptocurrency has a fundamental flaw. Bitcoin’s fixed supply could cause the collapse of its value and spending power, making it unattractive to use as a currency, he claims. A UBS Chief Economist Says Bitcoin’s Fixed Supply Is a ‘Fundamental Flaw’ Paul Donovan, Chief Economist of UBS Global Wealth Management, explained last week why people won’t want to use bitcoin as a currency. UBS is the largest bank in Switzerland. “The debate about bitcoin and other crypto tends to be very passionate.....
Economist and prominent market analyst Alex Kruger is not concerned about Bitcoin’s medium-term trend despite recent price weakness. He says that the coin could pull a Tesla-like rally in the months ahead. Bitcoin Could Pull a Large Rally in the Months Ahead Economist and prominent market analyst Alex Kruger is not concerned about Bitcoin’s medium-term trend despite recent price weakness. The analyst recently stated that he thinks the cryptocurrency could end up pulling a “Tesla” […]
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....