World Central Banker to Central Banks: Bitcoin Is a Bubble, Ponzi, and Disaster (news.bitcoin.com)

General Manager of the Bank for International Settlements (BIS), Agustín Carstens, gave a talk at Goethe University in its House of Finance, Tuesday, 6 February in Frankfurt. Titled Money in the Digital Age: What Role for Central Banks?, the talk saw Mr. Carstens acknowledge “We have seen a bit of a shift, to issues at the very heart of central banking. This shift is driven by developments at the cutting edge of technology. While it has been bubbling under the surface for years, the meteoric…

Bitcoin

Credit Suisse Argues Irrational Exuberance Around ICOs Indicates Bitcoin Bubble

According to Peetz and Mall, bitcoin should not be seen as a currency. Instead, the Credit Suisse duo places bitcoin into a new, distinct asset class. The paper notes that bitcoin's epic price run, which started in September 2015 and accelerated further in July 2017, is obviously not sustainable over the …
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