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Title: [2016-03-31] US Banks regard bitcoin as great storage of value Post by: smartgerman on March 31, 2016, 07:56:24 AM US Banks regard bitcoin as great storage of value
David Andolfatto, a prominent US banker, believes that bitcoin is quite reliable as a safe asset while Needham & Company bank claims that the cryptocurrency is undervalued by at least $200. http://www.coinfox.info/news/5209-andolfatto-and-needham Title: Re: [2016-03-31] US Banks regard bitcoin as great storage of value Post by: Kingno.1 on March 31, 2016, 09:05:29 AM For any currency to be viable, be it a decentralized cryptocurrency issued by a computer program or a traditional “fiat” currency issued by a government, it must win the trust of the community using it.Bitcoins are successful in it so banks are showing their interest.
Title: Re: [2016-03-31] US Banks regard bitcoin as great storage of value Post by: aso118 on March 31, 2016, 04:22:04 PM For any currency to be viable, be it a decentralized cryptocurrency issued by a computer program or a traditional “fiat” currency issued by a government, it must win the trust of the community using it.Bitcoins are successful in it so banks are showing their interest. Actually, the article argues that Bitcoin is a lousy currency/money (because of volatility and its deflationary nature), but could be a great store of value. Seems like everybody is discovering some good in Bitcoin. |