Bitcoin News
By Steven Anderson
1 / 11
Spender Bogart, stated, "For one, this is natural for any asset that has fixed supply, but fluctuating demand, particularly one like Bitcoin that’s early on in its life cycle.”
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The above were the statements of Bogart when he was chatting about the wild price swings of Bitcoin and Libra from Facebook.
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Several other assets are used as a store of value, particularly real estate. He also stated that people tend to buy art as it is beautiful.
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However, Bogart had to state that anyone willing to invest in Bitcoin should do so in a conservative manner.
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When talking about Libra, he stated, “I think they’re going to get it out, and I think it’ll probably be successful.
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Mainstream media looks at Bitcoin with intense skepticism. One of the recent headlines read, “Sorry, Bitcoin Fans. Digital Currency Is Still a Dream.”
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Tyler Cowen, in the year 2013, wrote, "Imagine you hold a currency which will in the next period either double or halve in value. […] What a good deal that is!
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By 2017, opinions changed a lot. He felt that this could be one way for risk-averse investors to store their wealth.
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Deutsche Bank analyst recently said BTC might find use as a haven while central banks continue to push pro-inflationary policies.
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Bitcoin is probably here to stay, and it has been quite resilient. The resilience of cryptocurrency has a lot to do with the volatility of the real-time world.
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The official communique in the G20 documented the following historical sentence which read: "We welcome the FSB report on decentralized financial technologies, with…
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