Gold Silver Reports – Bitcoin spectacular gains look like a speculative bubble and the cryptocurrency is too unstable to be useful in the future, New Zealand’s central banker said.
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A Winklevoss sees Bitcoin Surging as much as 20 Times Higher
Gold Silver Reports – Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold.
Bitcoin and Gold: A Growth Comparison | Gold Silver Reports
Gold Silver Reports – Bitcoin and Gold: A Growth Comparison – An inherent tension exists between the two major purposes of money. Currencies that are perceived as great stores of value, such as gold and bitcoin, make for poor mediums of exchange. By contrast, currencies that are effective mediums of exchange, such as fiat currencies used the world over, can make for dubious stores of value. Where a currency falls on the store of value versus medium of exchange spectrum influences its usefulness as a unit of account and a standard of deferred payment.
Bitcoin Breaches $13,000 as Futures Move Closer to Reality
Gold Silver Reports – Bitcoin topped $13,000 for the first time, pushing this week’s gains to more than 30 percent amid speculation that the use of futures will help make digital currencies a legitimate asset class for mainstream investors.
Goldman Alum to Help Sell Debt From Places You’ve Never Heard Of
Gold Silver Reports – Goldman Alum to Help Sell Debt From Places You’ve Never Heard Of – Raiffeisen Bank International AG wants to boost its ranking among global bond arrangers by opening up debt markets in countries some investors may be hard pushed to pinpoint on an atlas.
Gold Declines as U.S. Senate Passes Trump’s Corporate Tax Cuts
Gold Silver Reports – Gold futures declined as the dollar climbed after Senate Republicans on Saturday approved a rewrite of the U.S. tax code, stoking optimism over President Donald Trump’s stimulus plans.
Bitcoin Mania In Context: Cryptocurrency Is Still a Tiny Asset
Gold Silver Reports – Bitcoin Mania In Context: Cryptocurrency Is Still a Tiny Asset – Bitcoin’s blistering rally needs to be viewed with some perspective.