Free no deposit Bonus Forex
Friday, 25.05.2018, 15:54
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Make money on Fore
FreshForex bonus
Statistics

Total online: 1
Guests: 1
Users: 0
RoboForex bonus
...
Main » 2018 » March » 15 » Bitcoin bubble "would burst» - Allianz
15:55
Bitcoin bubble "would burst» - Allianz

article29647.jpg

On Bitcoin prices are in a bubble that would inevitably burst in the near future because cryptocurrency has many inherent drawbacks, according to the Allianz Global Investors report. 

"We believe that Bitcoin-mania - a typical bubble, which is probably about to burst," - said the head of the Department of Global Strategies Stefan Hofrihter online letter on Friday. "As the currency and asset class, bitcoin has potentially fatal flaws - which is why we believe that the right to ask a question of" when "rather than" if "Bitcoin bubble burst."

 

 

The cost of Bitcoins has fallen sharply since then, she jumped 2000% in the 12 months to December to a record high above $ 19 000. cryptocurrency traded with a cost of about $ 8,700 on Wednesday, according to an index price of Bitcoin CoinDesk. 

Cryptocurrency "meets all the parameters that we believe are important criteria of any asset bubbles", including a fivefold increase in the trading volume over the past five years, the lack of financial regulation and the launch of the relevant financial instruments, such as futures on bitcoin, according to the Allianz report. 

According Hofrihtera, the intrinsic value of Bitcoins is equal to zero. Bitcoin - this allusion to nowhere in contrast, for example, with sovereign bonds, stocks or fiatnymi money cryptocurrency also does not generate any income stream. 

He added that bitcoin is also not a "viable" currency because of high transaction fees, high price volatility and the inability to use as security. 

From the point of view of ecology, sociology and management Hofrihter said bitcoin is also unattractive because of the high level of energy consumption required to generate cryptocurrency. Estimates of the total electricity consumption in the mining Bitcoins are difficult to measure and subject to debate, but it is clear that the enormous power needed to develop cryptocurrency.

However, like many business leaders, analysts and financial institutions, Hofrihter of Allianz said blockchain technology (or technology of distributed registry) "clearly has potential merit", for example, reduction of transaction costs and network checks. This causes a number of financial institutions, including central banks, more blokcheyn scrutinize and evaluate the practical applications, including financial transactions. 

Bitcoin - a first application blockchain technology that eliminates the need for third-party intermediary, such as a bank, quickly creating a safe and permanent record of the transaction between the two parties. 

 

Based on materials WELTRADE

 

 

 

Views: 49 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
no deposi binary
Calendar
«  March 2018  »
SuMoTuWeThFrSa
    123
45678910
11121314151617
18192021222324
25262728293031
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2018-2012
    Website builderuCoz