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Strengthening regulations will increase crypto investors’ protection, and the amateur speculation bubble will end, says Masayuki Tashiro, representative director of Fiscalo Digital Asset Group and market analyst, who handles a crypto business in Japan. The real value of cryptocurrency will be questioned after we leave the bubble, the expert says. Also read: Japanese Association Seeks Authority … Read more
James “Jim” Chanos believes that Bitcoin is nothing more than a “security speculation game masquerading as a technological breakthrough in monetary policy.” The Yale-educated economist shared his thoughts on financial fraud and why it’s on the rise, cryptocurrencies, and other matters with the Institute for New Economic Thinking, a New York-based think tank. Chanos believes … Read more
It is only to be expected that economists and other financial experts remain wary of Bitcoin and other cryptocurrencies at this stage. After the onslaught which traders have witnessed throughout most of 2018, the future price direction remains unclear. Economist Joost van der Burgt is confident Bitcoin will fall even further in value pretty soon. Another … Read more
There exists a decent probability that the price of Bitcoin will eventually go to zero, according to Joe Davis, the head of Vanguard Investment Strategy Group, a division of the global giant Vanguard Group. In a blog post published on Tuesday, May 21, Davis broke down his argument that cryptos don’t qualify as currencies and may soon be … Read more
Throughout history, people have tried to reinvent money, and while new inventions have created a buzz for some time, none of them have succeeded. Bitcoin and other cryptos are just the latest in a long line of such inventions, according to renowned American economist and crypto critic Robert Shiller. In a blog post appropriately titled “The Old … Read more
In case you were wondering, Nouriel Roubini’s stand on Bitcoin and other cryptos hasn’t changed a bit. He still thinks cryptos are a scam, and believes Bitcoin is “bulls**t”. In a panel discussion at the Milken Institute in Los Angeles, the economist who lectures at New York University referred to late Bitcoin entrants as “suckers” who would end … Read more
Contrary to what most people expect, there is a growing demand for cryptocurrencies among investors. Even though the current market sentiment may not show it, there are plenty of ways to become a millionaire with cryptocurrencies. Erik Finman, a well-known Bitcoin millionaire, claims everyone can make money with crypto. Moreover, he is convinced no one … Read more
The People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance. Also Read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot The PBOC Investigates the Power Usage of Bitcoin Mining Tencent Finance said that China’s central bank recently … Read more
