40 Results for “bitcoin”

Lynn Parramore’s INET interview with Chanos is suggested reading in the FT, and has been cross-posted or summarized in the following media outlets: Naked Capitalism, MSN, Yahoo, Business Insider, AOL, Markets Insider, Latest Finance, Trade for Profit, Tech Telegraph, Best Stocks, Motor Mouth, Trading View India, Trading View, Benzinga, Hataf News, Forex TV, Business News and WN.

Over the next year, the Bitcoin price could double, soar tenfold, or collapse by 95% or more, and no economic analysis can help predict where in that range it will lie. Like other cryptocurrencies, Bitcoin serves no useful economic purpose, though in macroeconomic terms, such currencies probably also do little harm.

In his new book, Let Them Eat Crypto, Peter Howson cautions that the technologies are not just fraudulent but causing indefensible harm to both humanity and the planet.

Marketwatch cites our interview with Jim Chanos on Bitcoin

Forbes cites our interview with Jim Chanos on Bitcoin

Business Insider cites our interview with Jim Chanos on Bitcoin

INET Global Commissioner Peter Bofinger breaks down cryptocurrencies, and why they’re actually far from “anonymous”

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

The famed short-seller reminds us that technology might advance, but we’re still a pretty predictable bunch of apes.

CNBC cites our interview with Jim Chanos on Bitcoin

Two separate INET funded research articles are cited; first from Schularick, Jordà, & Taylor on leveraged bubbles followed by Bao, Hommes, & Makarewicz on bubble formation. “Since their inception, financial markets, and to a lesser extent some real markets, have been subject to bubbles. … More recently, stock prices, but also credit, real estate, commodities, bond markets, and famously, bitcoin, are all assets that have experienced bubble episodes. Regarding cryptocurrencies, many economists also defend a permanent bubble, their fundamental value being theoretically non-existent.” …. In fact, the presence of bubbles in the markets (financial and real) seems to stem from the persistent behavior of economic agents. Experimental studies, controlling exactly the actual value, showed that participants tended to set up a bubble-like operation, with price surges and collapses very similar to real economy situations, and in no way related to a change in the market.

The “dean of short sellers” says bitcoin is the last thing he’d want to own in the event of a catastrophe.

YSI is hosting sessions at the 2018 STOREP conference.

The GENIUS Act is a disastrous law that poses grave and unacceptable threats to our financial and economic future. Congress must remove those threats by (1) repealing the GENIUS Act and passing legislation that requires all stablecoin providers to be FDIC-insured banks, and (2) adopting legislation that requires all crypto derivatives to comply with the rules governing non-digital derivatives under Title VII of the Dodd-Frank Act.

The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber.