2017-11-24 08:41:00 Fri ET
stock market competition macrofinance stock return s&p 500 financial crisis financial deregulation bank oligarchy systemic risk asset market stabilization asset price fluctuations regulation capital financial stability dodd-frank
Is Bitcoin a legitimate (crypto)currency or a new bubble waiting to implode? As its prices skyrocket, bankers, pundits, and investors increasingly take sides. In accordance with Warren Buffett's intrinsic value philosophy, Bitcoin should not be viewed as a valuable asset because Bitcoin cannot yield future cash flows. Further, several bankers and experts such as Brian Moynihan (Bank of America CEO), Jamie Dimon (JPMorgan Chase CEO), Bill Dudley (New York Fed CEO), and Joseph Stiglitz (Nobel Laureate) emphasize that Bitcoin cannot be a stable store of value in light of its volatile price movements and technical impediments for Bitcoin to be a long-term viable legal tender. Nobel Laureate Robert Shiller regards Bitcoin as the modern epitome of a speculative asset bubble.
In contrast to this rather pessimistic view, many other proponents suggest that Bitcoin can serve as an alternative virtual currency in addition to legal tender in the current global payments system (especially for many emerging economies with weak legal rules, institutions, and unstable currencies). These proponents include Christine Lagarde (IMF Executive Director), Mark Cuban (VC billionaire), Peter Thiel (PayPal co-founder and VC billionaire), Bill Gates (Microsoft founder and philanthropist), Eric Schmidt (Alphabet chairman), Richard Branson (Virgin Group founder), Mark Carney (Governor of Bank of England), and so forth.
Time will tell whether Bitcoin will become a successful cryptocurrency!!
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-05-01 11:38:00 Tuesday ET
America and China play the game of chicken over trade and technology, whereas, most market observers and economic media commentators hope the Trump team to
2022-04-25 10:34:00 Monday ET
Corporate ownership governance theory and practice The genesis of modern corporate governance and ownership studies traces back to the seminal work
2025-10-05 17:31:00 Sunday ET
Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund
2019-09-30 07:33:00 Monday ET
AYA Analytica finbuzz podcast channel on YouTube September 2019 In this podcast, we discuss several topical issues as of September 2019: (1) Former
2018-02-23 09:35:00 Friday ET
Warren Buffett releases his annual letter to Berkshire Hathaway shareholders as of February 2018. Buffett discusses Berkshire's core cash ambition, its
2025-10-13 12:32:00 Monday ET
Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund