Bitcoin will be recognized and regulated as a commodity rather than a currency, the head of Korea’s central bank told lawmakers at a parliamentary audit.
Financial theorist and neurologist William Bernstein doesn’t believe that bitcoin fits the classic idea of a bubble; however, he claims he won’t be ‘wasting his time’ on it.
An academic commonly known as Wall Street’s “dean of valuation” has stressed that bitcoin, while a currency, needs to be widely used to justify its soaring prices.
Aswath Damodaran, a professor of corporate finance and valuation at New York University’s Stern School of Business, discussed bitcoin’s functionality as a digital currency usable for daily transactions rather than a store of value rewarding investors who bet on the cryptocurrency.
Bitcoin Price to Hit $50,000 & Catch Apple’s $800 Billion Market Cap by 2022, Says Previously Accurate Analyst
An analyst who previously predicted bitcoin price to hit $5,000 this year, has gone bullish again to claim bitcoin will overtake Apple’s $800 billion market cap within five years.
Earlier in June, stock analyst and founder of Standpoint Research Ronnie Moas predictedbitcoin price to hit $5,000 within a few months at a time when the cryptocurrency was trading near $2,600. Now, the stock picker has hedged his bet on the cryptocurrency market to hit $2 trillion in the coming years that will effectively see bitcoin rise to 12x its price today above $50,000
Crypto wallet Blockchain has announced its intention to join with Xapo in following the blockchain with the most accumulated difficulty following the proposed SegWit2x. The wallet service advised its users to “buy some ether” if they intend to make transactions immediately following the fork.
“Bitcoin is a remarkable cryptographic achievement. The ability to create something which is not duplicable in the digital world has enormous value. The Bitcoin architecture, literally the ability to having these ledgers that can’t be replicated is an amazing advancement.” – Eric Schmidt, Executive Chairman of Google, March 2014.
With Bitcoin price increasing over the years and reaching billions of dollars in market capitalization, all kinds of people see its value and appeal. This brings out both the good and bad in human nature. Unfortunately, with the bad comes scammers. The bottom line is scammers also want to profit somehow from Bitcoin, but through nefarious means. This typically involves targeting unprepared victims, who end up losing their Bitcoin as a result.
In this guide we will walk you through the most common Bitcoin scams. We’ll show you how to spot them, and make sure you don’t become the next victim.
How Secure Is It?
Bitcoin is designed to be both the most secure and the most open currency in history. Secure because its complex encryption makes it virtually impossible to be hacked if stored properly, and open because all transactions are noted on a public ledger (without revealing personal identities). In this way, fraud is minimized, privacy assured, and the network flourishes to the benefit of all users.
Bitcoin allows anyone to be his or her own bank. If that sounds to you like a potential scenario for chaos, it’s only because you haven’t yet heard of the great lengths to which Bitcoin users can go to ensure the security of their “one-person banks.” By following a handful of basic security guidelines, they can achieve a level of security for their money that is actually unavailable in the banking world as we know it.
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