Dec 18, 2017

Why Bitcoin is a Bubble in Making


The rise of cryptocurrency and Bitcoin took Wall Street by surprise with many industry leaders stepping forward to give their opinions what they think of this new technology that can potentially disrupt the role of banks.

What is cryptocurrency? It is a form of digital currency that can be used to purchase goods and services and is limited in quantities, much like gold. However, unlike gold, cryptocurrency can be transferred through the internet, across the borders, without the need of going through customs nor banks. This creates a burning problem for governments in the form of illicit money flow which can be used to finance illegal activities and threatens the central banks abilities to control money supply, which is one of the key tool for economy management. Read more about cryptocurrency.
Related Posts Plugin for WordPress, Blogger...