Tags : economist

Bitcoin

Economist paints woeful outlook if Bitcoin were to ever succeed

London School of Economics teacher Jon Danielsson argues that Bitcoin and fiat currency cannot co-exist. Danielsson claims the concept of Bitcoin as money makes no sense. What’s more, should it ever succeed, he envisions a world of great inequality which, as he alludes to, is contrary to its egalitarian principle. “Fortunately, the more successful bitcoin […]Read More

Market

Bitcoin an ‘Emerging Competitor’ to Gold, Says CME’s Chief Economist

Bluford Putnam, chief economist and managing director of CME Group, believes bitcoin is an “emerging competitor” to gold. In a CME-presented explainer video posted by Bloomberg on Wednesday, Putnam said the yellow metal’s ongoing production, likely to increase in 2021, contrasts with bitcoin‘s fixed supply. The World Gold Council estimates roughly 197,576 metric tonnes (217,790 […]Read More

Cryptocurrency

Why Allianz chief economist says Bitcoin surging will fuel an

Why Allianz chief economist says Bitcoin surging will fuel an “interesting conversation” Mohamed A El-Erian, the chief economist at Allianz, said the Bitcoin price surging to a new all-time high at $38,000 could fuel an “interesting conversation.” El-Erian’s comment comes after the United States Capitol in Washington, D.C. Joseph Young · 3 days ago · […]Read More