Saturday 30 December 2017

Despite the warnings .. will" bitcoin "become digital gold ?

Eco - fady labib : The Indian Ministry of Finance announced today that despite the rebound in exchanges, which caused a huge rise in prices, the encoded currencies "have no intrinsic value and are not supported by any type of asset." There is a real and increasing risk of an investment bubble in the light of what is happening in schemes In the form of a Ponzi pyramid, could lead to a sudden and long-term collapse... "
On the other hand, Peter Thiel, the billionaire and founder of PayPal, believes that the bitcoin is capable of changing the world. He understands the ability of the bitcoin to revolutionize the monetary field, He always believed that the time of the state's monetary sovereignty is coming to an end,
Thiel said that in the future it would be digital gold. Peter Thiel believes that digitalization is digital gold, and that it plays a role as a cash reserve and safe haven for investors, He compared them by saying that they share the same characteristics, both of which are limited, both of which are subject to mining.
"We are only in the second round of a nine-round match," said Ronnie Moas, founder and research director of Standpoint Research, a specialist in investment, equities and currency advice. What would happen if this currency ran out among the majority of people? "
Mr Moas, said the currency of the bitcoin could yield at least as much profit as Amazon and Google, and he would like to invest a lot in the bitcoin instead of staying on the sidelines .


On the other hand warned the German financial control authorities a few days ago to invest and circulation of the world's most encrypted currency "bitcoin" in light of sudden fluctuations up and down, and the head of the Financial Supervision, Felix Hoofald, told the German newspaper "Bild" on Saturday: "He said that this bubble, called"bitcoin , "would eventually lead to losses that investors in the digital currency would regret, calling on investors to be cautious and cautious about risk.

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