Tag Archives: Bitcoin

Bitcoin ‘likely’ to collapse, but could last 100 yrs – Nobel laureate Robert Shiller

The fate bitcoin faces is a grim one, according to Nobel-prize winning economist Robert Shiller, who predicts the cryptocurrency will either implode or drag on, comparing it with the tulip craze of the 17th century. “It has no value at all unless there is some common consensus that it has value,” Shiller, who is also Yale professor, told CNBC. The 2013 ...

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Bitcoin crashed because professionals cashed out, making a buck from last-minute amateur investors

The largest cryptocurrency bitcoin surged to $ 20,000 in December. Its rapid growth was due to common folk deciding to invest in the hope of making a quick buck. It was a time for professional investors to sell. Read more “Many people behind bitcoin and cryptocurrencies as a whole understand that the skyrocketing prices in the last few months are ...

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Bitcoin tsunami will come from Japan – political economist to RT

The prices of cryptocurrencies have been mostly driven by extreme speculation in Asia, according to Doctor Jack Rasmus, who has warned that a major correction is coming soon. Read more “China and South Korea are aware of this; they know that bitcoin is a financial asset bubble, a classic bubble which is peaking out,” Rasmus, who’s a professor of Political ...

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Visa may be waging war against bitcoin by rejecting it as currency

The largest cryptocurrency, bitcoin, is a commodity and not a payment system, according to Visa’s chief executive. Visa will also not give bitcoin or other cryptocurrencies a platform for wire transfers and exchanges. “I don’t view it as payment system player,” CEO Alfred Kelly told CNBC. “We at Visa won’t process transactions that are cryptocurrency-based. We will only process fiat ...

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‘Bitcoin will take the arrows, settlers will get the wealth’ – PwC exec

Leading cryptocurrency bitcoin may not survive because it is a pioneer in the world of digital money, according to Blair Sheppard, PwC Global Strategy Leader. But blockchain technology is here to stay. “The first players in anything are usually highly speculative. But the trend itself is here to stay. There is a phrase that the people who do the expeditions ...

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If you like casinos, you’ll love bitcoin – economics professor

Disputes about bitcoin being a speculative bubble never seem to end. Economist Gregory Clark, who talked to RT on the sidelines of the Gaidar Economic Forum in Moscow, thinks the virtual currency is “incredibly insecure.” Read more “I’m afraid I have to join the opinion that bitcoin is just another huge bubble,” said Clark, professor of economics at the University ...

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Bitcoin & ripple lead cryptocurrency rebound after sell-off wiped out third of market

A total of 49 of top 50 cryptocurrencies were growing on Thursday following a bloodbath on the digital money market in the past few days. The dollar-pegged centralized tether was the only loser. Read more Bitcoin gained over 16 percent on the day, and was trading above $ 12,000 at 12:35 GMT. This is still well below its $ 20,000 ...

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Bitcoin crash sparks investor appetite for gold

A major correction on the cryptocurrency market has revived investor interest in the world’s oldest commodity. Gold has seen a breakneck-paced rally this month. Read more Bullion dealer Sharps Pixley said physical gold sales increased fivefold on Wednesday, as people were willing to sell digital gold and buy the real thing. “Yesterday was a hell of a crazy day. Emails ...

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Bitcoin crashes below $10,000, losing over half its value since last month’s record

The world’s most valuable cryptocurrency, bitcoin, has lost over half its value since it smashed the $ 20,000 barrier in mid-December. The price of the cryptocurrency dropped to $ 9,555 at 15:00 GMT on Wednesday. “The cryptocurrency market is experiencing a serious attack from speculators,” Gleb Zadoya, head of analytics at Analitika Online said in email comments to RT. “The ...

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Bitcoin could still hit $100,000 this year – analyst

The price of bitcoin, which has been taking a beating since the start of the year, could still rise significantly and reach between $ 50,000 and $ 100,000 by the end of 2018, according to Saxo Bank analyst Kay Van-Petersen. Read more “First off, you could argue we have had a proper correction in bitcoin, it has had a 50 ...

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