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Author Topic: [2016-03-31] US Banks regard bitcoin as great storage of value  (Read 285 times)
smartgerman (OP)
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March 31, 2016, 07:56:24 AM
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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
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March 31, 2016, 09:05:29 AM
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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.
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March 31, 2016, 04:22:04 PM
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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.


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