Bitcoin Forum
May 05, 2024, 11:26:46 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-06-27] Ex-JPMorgan Strategist: Euro Collapse Will Fuel Bitcoin's Growth  (Read 292 times)
Karartma1 (OP)
Legendary
*
Offline Offline

Activity: 2310
Merit: 1422



View Profile
June 28, 2016, 02:55:23 PM
 #1

A bitcoin investment firm led by two former JPMorgan traders has published a note which speculates that the EU referendum in the UK could lead to the ultimate decline of the euro, thus boosting the value of the digital currency.

Read more here

http://www.coindesk.com/ex-jpmorgan-strategist-euro-collapse-bitcoin/
1714908406
Hero Member
*
Offline Offline

Posts: 1714908406

View Profile Personal Message (Offline)

Ignore
1714908406
Reply with quote  #2

1714908406
Report to moderator
1714908406
Hero Member
*
Offline Offline

Posts: 1714908406

View Profile Personal Message (Offline)

Ignore
1714908406
Reply with quote  #2

1714908406
Report to moderator
TalkImg was created especially for hosting images on bitcointalk.org: try it next time you want to post an image
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714908406
Hero Member
*
Offline Offline

Posts: 1714908406

View Profile Personal Message (Offline)

Ignore
1714908406
Reply with quote  #2

1714908406
Report to moderator
TraderTimm
Legendary
*
Offline Offline

Activity: 2408
Merit: 1121



View Profile
June 28, 2016, 03:06:32 PM
 #2

It really could be changed to " Any Central Banking Mistake Will Fuel Bitcoin's Growth ".

The Euro is dead man walking, though. There really isn't much point for the rest of the member countries to continue, unless they want to shoulder increased burdens from the poorer economies.

And that is the whole problem -- the entire EU experiment is nothing more than economic arbitrage. People move around, money sloshes around, and the premium that stronger economies in the EU have end up getting whittled down by others coming in to claim their part of the bounty.

Ultimately this ends up with the stronger economies struggling and sinking down to the level of the poorer countries. And that is precisely how this will go among the countries that are stupid enough to stay.

fortitudinem multis - catenum regit omnia
Karartma1 (OP)
Legendary
*
Offline Offline

Activity: 2310
Merit: 1422



View Profile
June 28, 2016, 05:49:39 PM
 #3

Yes.

They saved Greece and they did not let it out of the EU.
Now the EU lost one of the biggest member.
What now?

An anecdote: I'm curious to know how much ECB capital the Uk will hold

Look this, they hold more than 10%
https://www.ecb.europa.eu/ecb/orga/capital/html/index.en.html
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!