Bitcoin Is Not A Great Store of Value: Yale Professor

Yale Insights interviewed Professor William N. Goetzmann, a teacher of Finance and Management Studies, about the advent of cryptocurrency. The discussion centered around the purpose and value of money. The article says, in part: Bitcoin’s volatility underscores the challenge of establishing the trust needed for a widely useful currency, but the proliferation of cryptocurrencies also shows that traditional, government-backed currencies don’t address everyone’s needs. Goetzmann says as part of a Q&A that Bitcoin isn’t the best store of value because its value is ever-changing. Depending on who you ask, Bitcoin’s…

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Fred Wilson: Crypto Bottom Close But Not a ‘Safe Haven’ for Stock Market Downturn

Legendary venture capitalist Fred Wilson says 2019 might be a “doozy,” leading investors to be cautious. Cryptocurrency markets won’t be a “safe haven” amidst global uncertainty but: “There will be signs of life in crypto land in 2019.” Wilson believes the U.S will see a change in presidents this coming year. This will affect the … Continued The post Fred Wilson: Crypto Bottom Close But Not a ‘Safe Haven’ for Stock Market Downturn appeared first on CCN

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Bitcoin Price Will Hit New All-Time Highs in 2019: Quoine CEO

Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori. The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he believed The post Bitcoin Price Will Hit New All-Time Highs in 2019: Quoine CEO appeared first on CCN

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Think-tank: Business Value of Blockchain to ‘Reach $2 Trillion by 2030’

IHS Market, a data analytics firm in the fields of finance and technology, released a July report that forecasts blockchain technology could lead to a business activity value of $2 trillion by 2030. The report includes all value that blockchain adds as an entire vertical (not specific coin market caps). $2 Trillion: Too Conservative? Though The post Think-tank: Business Value of Blockchain to ‘Reach $2 Trillion by 2030’ appeared first on CCN

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Bitcoin May Not Be Around In 100 Years, Says Nobel Laureate Economist Robert Shiller

Robert Shiller, a Nobel Prize-winning economist and Yale University professor, says bitcoin may be extinct in 100 years because it “looks like a bubble.” If bitcoin is around, Shiller says it will be a completely different iteration of what it is today. “I’m thinking bitcoin won’t look anything like it is today,” Shiller told CNBC. The post Bitcoin May Not Be Around In 100 Years, Says Nobel Laureate Economist Robert Shiller appeared first on CCN

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