Receive all Bitcoinist news bitcoin worthless theoretically Telegram! According to some Bitcoin bears, we’re a long way from the floor — but that hasn’t stopped the world’s ultra-rich from buying the dip, including George Soros and the Rockefeller family. Essentially Worthless’Recent news has suggested some big-time institutional investors are taking an interest in Bitcoin and other cryptocurrencies ignoring the Bitcoin bears.
Bitcoin’s correlation with equity prices has strengthened recently, but we think that this will be just temporary. We still think that bitcoin is essentially worthless, meaning that it is likely to fare much worse than other assets in the coming months. Though the traditional stock market is currently struggling in the midst of fears of an impending global trade war, Capital Economics does not believe such an event would serve to benefit Bitcoin and cryptocurrency — which, by nature, aim to provide economic freedom from governments and an alternative to centralized financial institutions. Rather, the London-based firm claims Bitcoin will collapse further as more and more investors recognize it’s lack of intrinsic value. We expect equity markets to fall as investors cotton on to the fact that rising U. But the main factor driving down the price of bitcoin is likely to be a realization that it is simply not a credible long-run alternative to conventional currencies.
Apparently, the world’s ultra-rich haven’t gotten the memo. On April 6, Bitcoinist reported that controversial Hungarian-American investor, business magnate, and political activist George Soros has officially signed off on Soros Fund Management’s permission slip to trade cryptocurrencies. In Europe, meanwhile, the crown prince of Lichtenstein has also revealed an interest in buying Bitcoin and other cryptocurrencies as an investment. Do you think the bottom is in for Bitcoin, or do you agree that the world’s most valuable cryptocurrency by market capitalization is essentially worthless? Let us know in the comments below! Bitcoin Price Analysis: Oh Boy, the Bears are Back in Town!
Guess who just got back today? Question is, will the bears go quietly or will BTC continue trading sideways as the bears maul it into submission? Market Overview It’s in tumultuous times such as these that investors should just kick back and relax. Issues regarding data storage and usage have come to the forefront of public attention in recent years, with high profile cases like the Equifax data breach — where sensitive data of nearly 150 million Americans were stolen — and the Facebook Cambridge Analytica scandal, which had over 50 million Facebook users’ data mined for politically-motivated purposes. Without a doubt, there’s increasing concerns over data privacy and storage. You don’t have permission to view this page. Please include your IP address in your email.
Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Another way to prevent getting this page in the future is to use Privacy Pass. M9 1a8 8 0 1 0 0 16A8 8 0 0 0 9 1zm.