Sentences with phrase «intrinsic value of bitcoin»

What is the intrinsic value of a bitcoin?

You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is.

Not exact matches

In many ways, the character limits remind me of Bitcoin in that they have no intrinsic value; figuring out what to say in only 140 characters seemed like a bit more of an exclusive undertaking.

One issue is that although many of the big institutions are curious about how bitcoin's underlying blockchain technology could revolutionize the financial sector, bitcoin isn't widely accepted as currency and has no intrinsic value.

Bitcoin, with no intrinsic value of its own, fits Shiller's definition to a T. «There are lots of cryptocurrencies, but none of them has as good a story,» he says.

«Whereas I said Bitcoin «isn't real» because it has no intrinsic or underlying value, that's certainly true of the dollar and other fiat currencies: there's nothing behind them either.

Those in favour of bitcoin and other cryptocurrencies claim that the digital currency has an intrinsic value associated with its technology, which will eventually be used in a wide range of applications in the financial - services industry.

This week, the Indian finance ministry has criticized Bitcoin and the rest of the digital currencies in the market for their lack of intrinsic value.

Buffet has been recycling the lack of intrinsic value argument since 2014, when he first dismissed Bitcoin as «a mirage» on CNBC.

Joe Magyer, CIO of Lakehouse Capital, predicts bitcoin to be the one that «rules them all,» but its intrinsic value is still hard to determine.

Sheila Bair (former chair of FDIC) on Bitcoin: «I don't think we should ban it — the green bills in your pocket don't have an intrinsic value, either.»

Joe Magyer, CIO of Lakehouse Capital, predicts bitcoin to be the one that «rules them all,» but its intrinsic value is still hard to determine.

Throughout the paper, points are made around bitcoin's intrinsic value, the use cases of the digital asset, eventual levels of adoption, and a complete take over as the world's most widely - used form of money.

«It is our view that many investors in bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold, and be able to switch across in a simple and cost effective way.

More recently, the head of the Central Bank of Canada, Stephen Poloz, was quoted as saying on January 25, 2018, that «I object to the term cryptocurrencies because they are crypto but they aren't currencies... they aren't assets for the most part... I suppose they are securities technically... There is no intrinsic value for something like bitcoin so it's not really an asset one can analyze.

Also bearish on bitcoin was Stephen Roach, a Yale University economist who told CNBC's «The Rundown» that exchange legitimization makes bitcoin «somewhat dangerous [for investors],» citing a «lack of intrinsic underlying economic value to the concept.»

that exchange legitimization makes bitcoin «somewhat dangerous [for investors],» citing a «lack of intrinsic underlying economic value to the concept.»

«The whole extension of bitcoin, and solving some of its biggest challenges with richer scripting, will solve a lot of [its] shortcomings... in the coming years while protecting [its] intrinsic value.»

For many years, so - called economists have continued to condemn bitcoin by criticizing its lack of supporting, real - world assets and intrinsic value, despite the fact that no asset or currency in the global market has intrinsic value.

He went on to say that the US dollar is a great example of a sovereign currency which has no more intrinsic value than bitcoin.

I am sure that Ely will say I took his argument out of context and I definitely added a lot of commentary in the passages above, but if his baseline premise is really that bitcoin has no intrinsic value, this is exactly what he is saying about dollars, bolivars and every other fiat currency.

«Many investors in Bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold; and be able to switch across in a simple and cost effective way,» said Sharps Pixley CEO Ross Norman.

«Bitcoin has no natural intrinsic value,» Sopnendu Mohanty of the Singapore Monetary Authority said to The Daily Telegraph.

One of the main questions is to know which is Bitcoin's intrinsic value.

Adding multiple cryptographic proofs like Ring Signature Confidential Transactions (RingCT) and Confidential Transaction (CT) plus trustless mechanisms like MAD escrow, Particl provides 100 percent anonymity to people who buy and sell using PART.While the Particl privacy platform and upcoming Marketplace supports most major cryptocurrencies, PART serves as its utility token.PART and Intrinsic ValueThe value of Bitcoin has risen astronomically over the past several years in part because people believe Bitcoin will one day be widely used and provide services that other forms of currency can not.

If — as proponents of Bitcoin pointed out in response to Dimon's criticisms — Bitcoin provides intrinsic value in part by enabling transactions that traditional currency can't, then PART's ability to accommodate a range of transaction types and use cases makes it even more valuable.

Lastly, critics argue Bitcoin has no intrinsic value because fiat currency can be used for payment of taxes and salaries while gold has an industrial application.

any investors in Bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold; and be able to switch across in a simple and cost effective way.

Moreover, Bitcoin and the cryptocurrency market have proven that the concept of intrinsic value is flawed.

The vast majority of sensible investors and traders understand that the concept of intrinsic value is fundamentally flawed; the value of all assets, currencies and companies are completely subjective and thus, Dimon nor any other bankers are not in a position to depict the value of bitcoin in any way.

Schiff has always introduced the concept of intrinsic value to justify the superiority of gold over Bitcoin, but like any asset or currency, the value of Bitcoin depends on its market.

The negative comments of US representatives followed a report released by $ 81 billion investment firm Allianz, which claimed that Bitcoin has no intrinsic value and therefore, could fall in price.

India's Ministry of Finance issued a statement today cautioning people «against risks investing in virtual currencies including Bitcoin», claiming they lack intrinsic value and aren't backed by any assets.

Recently the Indian finance ministry criticized Bitcoin and the rest of the digital currencies in the market for their lack of intrinsic value.

One of the chief criticisms levied at bitcoin and other cryptocurrencies is their lack of intrinsic value.

Sheila Bair, former director of the U.S. Federal Deposit Insurance Corporation (FDIC), recently argued that bitcoin shouldn't be banned because of its «lack of intrinsic value.»

He explained that «because there are no economic fundamentals to assess the supply and demand of bitcoins and intrinsic value, the market speculative atmosphere results in sharp fluctuations in prices.»

This week, the Indian finance ministry has criticized Bitcoin and the rest of the digital currencies in the market for their lack of intrinsic value.

He said there was cause for caution with equity markets hitting record highs, government bonds historically expensive, corporate and high - yield spreads at record lows, and «bitcoin mania» taking hold, creating a market capitalization of $ 500 billion with «as far as we can tell, zero intrinsic value.»