There are countless cryptocurrency enthusiasts, traders, and investors that have pointed out that cryptocurrencies represent a threat to traditional financial institutions, such as banks. There has also been the share of economists, bankers, and high-profile finance executives that have criticized the entire sector, lending credence to the idea that it is a viable threat. Jamie Dimon of JP Morgan Chase…
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It’s a common trend now for those involved with finance to downplay the potential of cryptocurrencies. For example, Nouriel Roubini consistently rants about the sector on Twitter, which isn’t surprising when you consider that he has received millions from banks and governments. It appears as though the New York Federal Reserve is the latest entity to downplay cryptocurrencies. This is…
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It’s hard to deny these days that the cryptocurrency markets aren’t looking amazing, especially when traders and investors compare prices of cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) to all-time highs. The “crypto craze” of 2017 is over, and there are all sorts of media outlets that are essentially claiming that Bitcoin is dead forever, or that it was…
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There is no doubt that there are many economists that have dismissed the cryptocurrency markets for years. There are those that believed that Bitcoin was going to be nothing more than a fad, and that it would never reach the prices that it has reached, even if it currently is continuing to consolidate under $4,000. Of course, there is something…
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It’s not hard to tell that there are all sorts of varying attitudes when it comes to cryptocurrency and blockchain. There are individuals who are simply concerned with using Bitcoin and other cryptocurrencies as an investment vehicle to trade, or hold, for wealth, for example. There are other individuals that truly believe in principles such as decentralization and transparency and…
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