Stiglitz, Rogoff and Roubini: Bitcoin Will Fail Long-term After Governments Regulate

Stiglitz, Rogoff and Roubini: Bitcoin Will Fail Long-term After Governments Regulate

Three of the world’s most prominent economists aired their views on bitcoin yesterday – and they weren’t good. They believe bitcoin will fail long-term once governments really start to regulate the technology. But are they right? Let’s take a look at their arguments. Joseph Stiglitz, Nouriel Roubini and Kenneth Rogoff are three of the biggest … Continue reading Stiglitz, Rogoff and Roubini: Bitcoin Will Fail Long-term After Governments Regulate

China: Counter Declining Economy By Injecting $83 Billion

China: Counter Declining Economy By Injecting $83 Billion

The world economy China faces some of its toughest economic challenges in years. The People’s Bank of China recently injected $83 billion (560 billion yuan) into open markets to counter the declining economy. China’s Central Bank saves the day Reuters reported on Wednesday, January 16, that China’s central bank injected $83 billion into the county’s … Continue reading China: Counter Declining Economy By Injecting $83 Billion

Harvard Professor: Cryptocurrencies Are A Lottery That Could Pay Off

Harvard Professor Cryptocurrencies Are A Lottery That Could Pay Off

Kenneth Rogoff is a professor at Harvard and reveals his thought on the cryptocurrency market. He says that the likes of bitcoin could become worthless but that there is a chance they become very valuable. Cryptocurrencies are a lottery Bitcoin is down around 80 per cent from its peak in January. All the larger cryptocurrencies … Continue reading Harvard Professor: Cryptocurrencies Are A Lottery That Could Pay Off