Bitcoin Won’t Hold Up In A Fiat Currency Crash, Says Hedge Fund Manager

As the price of Bitcoin has been s liding recently, trading near $11,670 after topping out at $19,343 December 16, Steven Englander scratches his head. With charges that suspicious trades are linked to price movements and general concern that a cryptocurrency crash could infect hard asset financial markets, Englander, the head of research and strategy at… Please follow and like us:

Read More

Bitcoin Is an Implausible Currency

Is bitcoin money, or a payment system? Mounds, or Almond Joy? Great taste, or less filling? If bitcoin is good at both those jobs, then it’s probably got a bright future. If it’s good at neither of them … well, farewell, bitcoin, we hardly knew ye. In a previous column I tackled the question of whether… Please follow and like us:

Read More

Bitcoin’s price is skyrocketing. Even Uber drivers and house cleaners want in.

Keith Ellison’s first hint that bitcoin was poised for a breakthrough was over the summer when a friend planning her nuptials sent an unusual text. “She wanted to know whether to accept the wedding band’s offer of a discount in exchange for bitcoin,” said Ellison, a Manhattan Beach, Calif., investment analyst, who advised the friend to… Please follow and like us:

Read More

Bitcoin offers a way around economic sanctions

Bitcoin is a digital currency that exists only online. The value of each bitcoin unit is set by supply and demand in market transactions every day, just like most currencies are today. Since it was launched in 2009, bitcoin has been celebrated, especially by libertarians as a freedom-enhancing innovation potentially freeing people from government control. But… Please follow and like us:

Read More

You Can Now Buy Apartments With Bitcoin

All the hype about bitcoin prices and rising alternative coins is fine and dandy. However, cryptocurrency also has many successful use cases beyond trading and storing for long-term investments, a strategy the blockchain community calls “hodling.” Bitcoin is real, digital money. Although it may attract less media attention than volatile exchange rates, bitcoin users can already… Please follow and like us:

Read More