CNBC Interviews Reaffirms Bitcoin’s Position in the Global Economy

CNBC Interviews Reaffirms Bitcoin’s Position in the Global Economy

The role of Bitcoin in the global economy is expected to expand as it overcomes various challenges. Bitcoin, the popular digital currency is going strong despite snail-paced development when it comes to fixing scalability issues. The previous concerns about Bitcoin turning into a very long failed experiment seems to be resolving itself. A series of interviews conducted by a leading financial media outlet has reaffirmed faith in the digital currency. However, this doesn’t mean that road ahead is smooth for Bitcoin. The emergence of Bitcoin as a valuable, alternate form of currency was....


Related News

The FinTech Explosion is Powered by Millenials

Finance Technology startups have multiplied in the past years, a three-year survey found that more than 71% of millennials (those who were born from 1981-2000) would rather go to their dentist than to their bank, this reaffirms the idea that FinTech solutions may go widespread in the coming years. Millenials, a generation born from 1981 to 2000, represents more than 84 million people in the US alone, they were conceived in the information era, a world filled with electronic devices, and a global communication network (The Internet). FinTech Trends. A three-year survey named The Millenial....

Stock Up on Bitcoin! US Economy Can Enter Another Recession Soon

The US economy could be headed for another recession soon. Barely seven years after the last great recession, several economic indicators point to a renewed downturn possible in the near future. According to a report by CNBC, investment is down across the board, including specifically in farm machinery, while transportation sales have stalled. These indicators are usually a good predictor of a recession, and investors look to them when gauging future financial decisions. To make matters worse, Citigroup now predicts that, in the event that Donald Trump wins the presidential election in....

“Bitcoin Is Your Alternative”, Tim Draper Reaffirms $250,000 Price Target

In a world where inflation has stifled the economy, Bitcoin is persistently being pushed as a reliable alternative asset to these waning macroeconomic conditions. Big firms and figures in the financial sector are starting to adopt the crypto leader, reinforcing its status as a mainstream asset and store of value. Tim Draper’s Drops Bombshell On […]

Bitcoin’s Economy Is Already Is Circular

When viewed through the lens of necessity, we can better understand Bitcoin’s progression toward a broader, circular economy.

Digital currencies won’t impact US sanctions, Treasury exec says

Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said. Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to U.S. Deputy Treasury Secretary Wally Adeyemo.In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominant currency in the world” despite the increasing popularity of cryptocurrencies.Adeyemo pointed out that digital assets provide an “opportunity in lots of ways” for the U.S. economy, but it’s....