Tag Archives: Bitcoin Opinion

Financial Analyst Gary Shilling Shorts Bitcoin: It’s a ‘Grand Ponzi Scheme’

Advertisement Twitter Facebook LinkedIn Financial analyst Gary Shilling said his eponymous New Jersey investment firm, A. Gary Shilling & Co., is shorting bitcoin because it’s “some kind of a grand Ponzi scheme.” Shilling told CNBC that he’s troubled by the opaque nature of the crypto industry. Specifically, he’s concerned that the identity of Satoshi Nakamoto — the inventor of… Read More »

Bitcoin is the ‘Evil Spawn of the Financial Crisis’: European Central Bank Board Member

Advertisement Twitter Facebook LinkedIn One of the Eurozone’s chief monetary economists heaped some backhanded praise at Bitcoin on Thursday, arguing that the flagship cryptocurrency was an “extremely clever idea” that suffers from “manifold problems.” Benoît Cœuré, who serves on the European Central Bank’s executive board, made this claim during remarks at the Economics of Payments IX conference, which… Read More »

Op-Ed: UK Central Bank Holds Venezuela’s Gold Hostage – Bitcoin Users Unaffected

Advertisement Twitter Facebook LinkedIn Venezuela, where bitcoin trading is at an all-time high and the socialist government has issued its own cryptocurrency amid record-breaking inflation and other economic woes, has been denied access to its own gold reserves by the Bank of England. The justification used for denying the country’s request to repatriate 14 tons of gold, worth… Read More »

Why Comparing Bitcoin with Centralized Systems Based on Transaction Rate is Wrong

Advertisement Twitter Facebook LinkedIn On the Bitcoin network, whether it is a transaction worth $100 or $1 million, it costs the same miner’s fee to process the payment. On October 16, a $194 million payment was moved on the Bitcoin network with a mere $0.1 fee nearly instantaneously. Through legacy banking systems, weeks of paperwork, days of settlement… Read More »

Who Created Bitcoin? Early Developer Jeff Garzik Gives His Best Guess

Advertisement Twitter Facebook LinkedIn Jeff Garzik, historically one of the major early contributors to the Bitcoin codebase and later a lead developer at BitPay, doesn’t know who created the flagship cryptocurrency. However, he has an educated guess. Speaking in an interview with Bloomberg, he spoke to his suspicions of the actual creator of Bitcoin. He has one of… Read More »

Economist: It’s Time for Bitcoin to ‘Put up or Shut up’

Advertisement Twitter Facebook LinkedIn This year has been filled with negatives for cryptocurrencies, or at least cryptocurrency investors. Trading at insane prices towards the tail end of 2017, crypto values have fallen closer to earth, with a large majority shedding as much as 80 percent of their value. This has led to quite a bit crisis talk, with… Read More »

Bitcoin Market Share Falls to Monthly Low as Ripple and Bitcoin Cash Rally

Advertisement Twitter Facebook LinkedIn Bitcoin market dominance has fallen to a monthly low of just over 51% of the overall market capitalization while Ripple and Bitcoin Cash have both rallied multiple percentage points over the past week. Bitcoin’s overall value in the cryptocurrency market is an important barometer in the progress of the space as a whole. If… Read More »

It’s Not Money! ‘Bank for Central Banks’ Slams Bitcoin [Again]

Advertisement Twitter Facebook LinkedIn Contrary to the notion among many crypto enthusiasts that bitcoin is a speculative investment with major upside potential, a stakeholder in the legacy financial sector has rubbished the value attached to digital assets, describing them as mere software algorithms with no utility. The verdict was given by the general manager of Bank for International… Read More »

Bull Call: Novogratz Says Bitcoin Will See Record Highs in 2019

Advertisement Twitter Facebook LinkedIn Mike Novogratz, the CEO of crypto investment firm Galaxy Digital, predicts that bitcoin will break out of its 2018 doldrums and soar to $20,000 in 2019 — fueled by a spike in institutional investments. The former Goldman Sachs investment banker says institutional “FOMO” (fear of missing out) will drive the market up over the… Read More »

Op-Ed: ‘Tis the Season — to Evaluate Bitcoin’s Price Performance

Advertisement Twitter Facebook LinkedIn By Rafael Delfin, Head of Research at Brave New Coin, a leading provider of high-value cryptocurrency market data and insights, since 2012. October 31st, 2018 marked the 10-year anniversary of the publication of Bitcoin’s white paper. While it was initially circulated among a small and obscure cryptography mailing list, one decade later, the implementation… Read More »