Bitcoin's limited supply doesn't really matter to one markets commentator
Dennis Gartman is still not convinced that Bitcoin won't go to zero. Bitcoin (BTC) has won over a number of mainstream financial gurus in 2020 against the backdrop of a difficult year for the United States economy. Some markets experts, such as Dennis Gartman, however, still remain skeptical of the digital asset. Gold and Bitcoin are not really equivalent, according to Gartman’s Tuesday interview with Bloomberg. “Gold has been around for thousands of years, Bitcoin has been around for 20 years,” he said. Gartman put out a financial commentary series for 30 years, called The Gartman....
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The regulatory debate of cryptocurrencies is a sensitive matter for the cryptocurrency community. When Mike Hearn, Chair of the Bitcoin Foundation's Law & Policy committee, proposed a "brainstorming" on the possible merits of blacklisting addresses, there was a backlash at the very idea of having such a debate, but lawmakers and academics are constantly giving speeches and publishing papers on the legal implications of cryptocurrencies with particular emphasis on its anonymity or pseudo-anonymity features. Anonymity or pseudo-anonymity is a core feature of Bitcoin, the most prominent....
Doom and gloom continues for Bitcoin markets as Terra's Do Kwon brushes aside a "deliberate and coordinated" attack on its TerraUSD and LUNA tokens. Bitcoin (BTC) prepared for a rare bear feature to return on May 8 after an overnight sell-off took the market ever closer to January lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC circles $34,400 lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $34,200 on Bitstamp, recovering to trade around $500 higher at the time of writing.The pair had seen brief support around the $36,000 mark, but this....
The CEO of global investment bank JPMorgan, Jamie Dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. He also noted that blockchain and stablecoins can be real, emphasizing that governments are going to regulate the industry.
Bitcoin Is Worthless and Supply May Not Be Capped, JPMorgan CEO Jamie Dimon Suggested
JPMorgan CEO Jamie Dimon reiterated his anti-bitcoin stance Monday at the 2021 Institute of International Finance (IIF) Annual Membership Meeting, which was held virtually.
“Blockchain can be....
Harvard professor Kenneth Rogoff says that he doesn't see Bitcoin succeeding, barring extenuating circumstances. Often touted as a store of value or hedge asset, Bitcoin (BTC) has gained significant mainstream adoption over the past several months. Kenneth Rogoff, a public policy and economics professor at Harvard University, doubts the asset’s success, however. "I can see Bitcoin being used in failed states,” Rogoff said in a Bloomberg interview on Thursday, adding:“It's conceivable, you know, it could have some use in a dystopian future, but I think the governments are not going to allow....
Ethereum’s rise means it has an intrinsic value. This article explores the cryptocurrency’s main features that add value to its offering. Can Ethereum be a store of value?The competition with BTC as a store of value is open. Due to its real-world usage, ETH has the potential to become the dominant digital currency, according to financial analysts.Both BTC and ETH have long been regarded as hedges against inflation due to their decentralization and programmable supply. While Bitcoin’s limited supply of 21 million coins is a clear feature, Ether’s supply is not limited but considered....