Showing posts with label forbes. Show all posts
Showing posts with label forbes. Show all posts

Steve Forbes Sees Cryptocurrency As "High-Tech Cry For Help" - Response To Gov Mistrust, Unstable Printed Money...


Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, discusses the future of cryptocurrency and blockchain technologies, and the implications of the technologies for global money, global security, and internet architecture. Forbes views cryptocurrency as a "high-tech cry for help" as a result of the the instability of government printed money. However, it's chief flaw is is also a lack of stability, but Forbes believes it will one day become stable and will give people an alternative to government money.

Courtesy of Center for Natural and Artificial Intelligence

Forbes: Bitcoin could hit $10,000 in time for Christmas!


Forbes, a widely respected US financial magazine which has been around since 1917 published the prediction written by Panos Mourdoukoutas, a Professor and Chair of the Department of Economics at LIU Post in New York, and a teacher at Columbia University.

In summary, saying Bitcoin has 3 signs giving it a "bullish" investment outlook.

Bitcoin has recently passed 3 tests:

The Wall Street Test - as major established investors enter the cryptocurrency space.

The China Test - with China's ban showing Bitcoin could withstand interference from a major world power.

The Stability Test - after canceling the SegWit2x fork, the currency seems to be less volatile, with no major disruptions planned in the near future.

You can read the full length article here.

It may be a very merry Christmas!

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Author: Justin Derbek
New York News Desk