-Bitcoin news, price, information & analysis
Nine years after the start of the Bitcoin ledger, the digital asset has finally gathered widespread attention, including from Nobel economics prize winners. Robert Shiller, an American Nobel Laureate and Sterling Professor of Economics at Yale University, who has commented on cryptocurrencies on previous occasions, said Bitcoin is an...
Jack Ma, a Chinese business magnate with a net worth of $42 billion, according to Forbes, said Bitcoin is potentially a bubble. His comments come as his financial services company, Ant Financial, launched blockchain-based money transfers between Hong Kong and the Philippines. Alibaba’s Jack Ma Launches Blockchain-Based Remittance Service...
Yale professor of economics Robert Shiller has changed his tune when it comes to the longevity of Bitcoin. Shiller Starting to Come Around on Bitcoin The noble prize winning economist has been a mainstay on programs like CNBC’s Trading Nation where he has taken a harsh stance on the...
Bitcoin doomsayers have once again called it too early. Bank of America Corp., the second-largest bank in the US by total assets, announced that “the greatest bubble in history is popping”. Somehow, it doesn’t seem that way. The price of Bitcoin has broken above the $8,000 mark and has steadily...
Opinions on cryptocurrencies are very far apart as of right now. It seems there are fewer people who consider this industry to be a bubble. George Soros is a notorious example in this regard. Earlier this year, he claims Bitcoin is a bubble. It seems that comment helped...
Speculating on the Bitcoin price is an interesting yet somewhat futile exercise. Harvard economist Kenneth Rogoff has always been bearish on Bitcoin. His most recent prediction puts the bitcoin price at $100 in the next decade. While such a bearish attitude is not new, it is useless an...
Noble Prize-winning economist and Columbia Professor Joesph Stiglitz has long presented his controversial opinions on what he sees as the shortcomings and dangers of Bitcoin. Prof. Stiglitz says Bitcoin Serves No Purpose Stiglitz has been on the public record saying that Bitcoin should be made illegal and that once...
The co-founder of ethereum has made the argument that the cryptocurrency market hasn’t burst its bubble following a slump in market prices last week. Speaking to Bloomberg, Joseph Lubin, the co-founder of ethereum, explained that it would be ‘shortsighted’ to say that the market had popped. “It may...
The governor of the Bank of Canada thinks Bitcoin is nothing more or less than gambling. Stephen Poloz, 62, told CNBC he does not believe in the term cryptocurrencies, arguing that new payment technologies like Bitcoin are definitely “cryptos but not currencies.” He made further statements about how...
In a lengthy document to their highest profile clients, the Goldman Sachs Private Wealth Management division has warned about the danger of investing in cryptocurrency. For the banking giant, the rise in Bitcoin and other digital currencies during 2017 is a sure signal that the entire space is...
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