Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch

Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch

If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks.


Related News

Blockchain Promises Banks A Lot, But Full Benefits Will Be Long-Term

Paul Schaus, CEO at CCG Catalyst, a bank management consulting firm, argues in American Banker that banks’ investments in blockchain technology will come to full fruition in several years due to regulatory uncertainty, but it will provide some benefits short term in improving internal operations. He argues that banks must have realistic and long-term expectations. Schaus noted that an IMB survey of 200 global banks indicated 15% will introduce blockchain-based products next year, and 65% will have them in the next three years. Expectations Must Be Tempered. Banks have to temper....

AmEx Op-Ed: Bitcoin May Soon Be Challenged by Central Banks’ Digital Currencies

Financial writer Frances Coppola gave a history and forecast of bitcoin and blockchain technology in an article on American Express. While she is uncertain about bitcoin’s long-term future, she believes blockchain technology will play an important role in international payments. Bitcoin/Blockchain Overview. Coppola begins the article explaining how bitcoin and the blockchain work and how bitcoins are created through mining. She noted that as the energy cost for mining bitcoin has increased, many are wondering if there could be more productive uses for the energy. Because bitcoin....

Facebook’s Diem stablecoin is an existential threat to traditional banking

Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future. Facebook, it is reported, could launch its long-awaited digital currency as early as January 2021 in the form of a U.S. dollar-backed stablecoin. Central banks and regulators have been galvanized into action since Facebook first announced its intentions by publishing a white paper in 2019. They are right to be concerned, as stablecoins — particularly ones such as the rebranded Diem that have the potential for massive network effects — bring new risks to....

Global Economic Outlook: Japan, US Dollar

With the central bank of all central banks approaching a rate lift-off, the US dollar is rearing to spring into a multi-year rally. Meanwhile, central banks in Europe, China and Japan continue devaluing their currencies in a last ditch attempt to spur inflation before the inevitable rates hike constricts global credit. Today's GEO considers economic conditions in Japan and takes a look at the US dollar chart. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week.....

Bitcoin Sets One High After Another as Analysts Predict Dollar Doom

Bitcoin's short-term downside correction is less likely to outweigh its long-term bullish bias (as long as the US dollar stays bearish).