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Crypto-Fool’s Gold? by Kenneth Rogoff - Project Syndicate
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The United States is taking tentative steps to follow Japan in regulating fintech, though the endgame is far from clear. Importantly, Bitcoin does not need to win every battle to justify a sky-high price. Japan, the world's third largest economy, has an extraordinarily high currency-to-income ratio (roughly 20%), so Bitcoin's success there is a major triumph.
In Silicon Valley,...
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Related topics : will bitcoin be the one world currency / transfer money from bitcoin to bank account / virtual currency like bitcoin / current bitcoin price drop / digital virtual currency and bitcoins
Explained: Bitcoin and its dramatic plunge in value today
Regardless of your views of the Bitcoin currency, it's become large enough and in enough market flux at the moment that we need to pay it mind. Today news is out that a major Bitcoin 'wallet' has shuttered. Also, market disruption caused the price of Bitcoin to fall�precipitously.
Just as the currency of a country falls in value in relation to other currencies when its banks begin to encounter...
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