This Finance survey examines (a) A bitcoin's value derives from the belief that others will want to use it, which implies that its purchasing power is likely to fluctuate over time to a degree that will limit its usefulness; b) A substantial source of the value of unbacked decentralized private cryptocurrencies, such as Bitcoin, arises from their convenience for use in illegal activities; c) A properly diversified portfolio should include crypto assets
Keyword: Bitcoin
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This Finance survey examines (a) On 10 January 2024, the SEC approved spot Bitcoin exchange-traded products: https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023\
The SEC's approval of spot Bitcoin exchange-traded products makes investors overall measurably better off.
This Finance survey examines (a) The collapse of a major crypto intermediary will have little impact on the wider economy and the stability of the traditional financial system; (b) The collapse of a major crypto intermediary suggests the need for the crypto asset class to be more tightly regulated.
This week’s IGM Economic Experts Panel statement:
A substantial source of the value of decentralized private cryptocurrencies, such as Bitcoin, arises from their convenience for use in illegal activities.
This week's IGM Economic Experts Panel statements:
A) A bitcoin has a fundamental value of at least $1,000.
B) The best forecast for the value of one bitcoin in 2 years is its current price.
Compare yourself or your peers to the Clark Center Economics Experts Panel
