The people warning about crypto currencies are fighting the last war.
Your professional finance cabal, along with the Fed have ruined the dollar. Let’s see what happens when the inflation, held captive by the fed over the last eight years is unleashed.
Last week was just a taste.
Oh brother what a load of jargon festered nonsense.
You want a “stable currency” that sure as hell doesn’t describe Bitcoin. As far as underlying investment it isn’t an equity stake in anything nor does it pay a dividend. Finally, it isn’t a collectible of value either.
It is pure “blue sky” bullshit.
The people here peddling Bitcoin are the same cabal of losers beating the war cry of gold a few years back. But that shtick dried up and this new jargon driven nonsense has far bigger trading spreads.
Going back to the article, the banks don’t want to back Bitcoin purchases for two reasons. First, the purchase is a low iq investor that can’t afford the loss. Nobody should invest or speculate with credit card money! Second, the lenders are likely to get shafted by bankrupt card holders when they loses money.
Going forward. I’ll only respond to folks that list their academic or work related credentials in finance and economics. I have better things to do than chat financial pornography with a bunch of prepped hillbillies.