Economist David Rosenberg Pleads Ignorance on Bitcoin After Predicting Massiv...

Economist David Rosenberg Pleads Ignorance on Bitcoin After Predicting Massiv...

Economist David Rosenberg has pleaded “ignorance on bitcoin” after saying that the cryptocurrency was in a massive bubble. He admitted that bitcoin has exceeded his expectation but he still prefers gold because he understands it a lot better than bitcoin. ‘Bitcoin Has Exceeded Almost Everybody’s Expectations’ David Rosenberg, chief economist and strategist at Rosenberg Research, admitted Thursday on Trading Nation that bitcoin had exceeded his expectation. His admission came after he said in December that bitcoin was “in a massive bubble.” The....


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Economist Calls Bitcoin “Massive Bubble” After Price Hits Record High

Bitcoin’s potential as an emerging safe-haven alternative to gold raised its demand among institutional players in 2020. But a prominent economist is still skeptical about the cryptocurrency’s growth. David Rosenberg, the chief strategist at Toronto-based Rosenberg Research & Associates, said in an interview with Bloomberg that Bitcoin is a “massive bubble.” He criticized the flagship […]

Don’t think Bitcoin’s supply is finite? You probably don’t understand the tech

A research firm’s head recently claimed Bitcoin’s capped supply could be changed. Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well as president, of the firm Rosenberg Research & Associates, recently described gold’s supply as more predictable than Bitcoin’s."Everybody seems to believe that we're going to get to that 21 million cap on the supply constraint, but there's really nothing in the protocol to....

Nobel Laureate Paul Krugman Quits Predicting Bitcoin’s Demise, Now Says BTC ‘...

Nobel Prize-winning economist Paul Krugman says he has given up predicting the imminent demise of bitcoin. The economist now suggests thinking of the cryptocurrency “as a cult that can survive indefinitely.” Nonetheless, Krugman still believes that bitcoin has no fundamentals. Paul Krugman Likens Bitcoin to a Cult That Can Survive Indefinitely Nobel laureate Paul Krugman said on Twitter last week that he has given up on predicting bitcoin’s demise. Krugman won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008 “for his analysis of....

New Bitcoin price highs revive old misconceptions about BTC and crypto

With crypto exceeding all monetary expectations in 2020, some mainstream analysts have reverted to long-forgotten arguments from 2017. As anyone following the crypto industry will have noticed, yes, Bitcoin (BTC) did recently smash its previous all-time high of around $20,000. Now, many analysts anticipate the cryptocurrency to eventually rise to the mid-$30,000s or even higher within the next few years.As things stand, BTC is trading at around $23,300, briefly testing the $24,000 mark on several occasions. However, despite all of these positive developments, many prominent individuals....

BIS Economist Recommends ‘Technology-Neutral’ Crypto Regulation, Low-Cost Sup...

An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded supervision,” adding that “The main aim is low-cost supervision of decentralized markets.” BIS Economist Suggests Regulatory Approach for Cryptocurrencies The Bank of International Settlements (BIS) published a working paper Thursday on “The socioeconomic drivers of US....