Economist Peter Schiff Calls Bitcoin An ‘Imaginary Friend’ In Response To Jack Dorsey’s Hyperinflation Tweet

Peter Schiff is an economist, gold advocate, and one of Bitcoin’s biggest critics.

Salvadoran President Nayib Bukele Taunts Economist Steve Hanke After Bitcoin’s Price Skyrockets

On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements.

Inflation Scares in an Uncharted Recovery

Francesca Caselli is an economist in the World Economic Studies Division of the International Monetary Fund (IMF) Research Department.

Are $100,000 Bitcoin Price Predictions Plausible? Analyst Says Crypto Markets Showing Remarkable Strength Amid Stock Market Wipeout

A top crypto analyst and economist is looking at fundamental factors which he says can determine whether Bitcoin will ascend to $100,000 by the end of the year.

Here Are Three Reasons Bitcoin Will Remain ‘Ultra-Volatile’ in the Foreseeable Future, According to Deutsche Bank Analyst

A senior economist at Deutsche Bank predicts Bitcoin (BTC) will remain “ultra-volatile” for the foreseeable future.

Former US Treasury Secretary Larry Summers: Cryptocurrency Will ‘Do Better Regulated’

Former US treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency will do better regulated in a sound way instead of being treated as a libertarian paradise.

Ex-IMF Top Economist Shortlisted to Lead Roxe's CBDC Pursuit

Former IMF economist Andreas Jobst will lead Roxe's CBDC Solutions built to leverage the Bitcoin hashrate.

Roxe hires ex-IMF economist to lead Bitcoin-backed CBDC project

Central bank digital currencies are the next frontier for blockchain.

African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade Currency

A Nigeria-based research and development economist, Gospel Obele, has called “for a unified regulatory mechanism for cryptocurrency trading.” He adds that such regulation of cryptocurrencies can potentially “complement an African digital currency,” hence this needs to be considered.

Bitcoin and Crypto Threaten the Dollar and Have Advantages Over CBDCs: Economist Steve Moore

Economist Steve Moore says that crypto assets such as Bitcoin are a threat to the dollar and have advantages over central bank digital currencies (CBDCs).

Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Rates to Stay Near Zero

Members of the US Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s (FOMC) meeting on Wednesday.

Western nations need better public-private cooperation on crypto, says Mohamed El-Erian

The famous economist has warned that western nations risk losing out to China in the emerging digital economy if they continue to be dismissive of crypto. Mohamed El-Erian, chief economic advisor at Allianz, has called for greater cooperation between western governments and crypto businesses to better leverage the benefits of the ongoing cryptocurrency revolution.In an article published in the Financial Times on Thursday, the famous economist highlighted China’s unified approach to dealing with crypto and blockchain as against the fragmented handling of the novel tech in the United States and Europe.As part of the article, El-Erian called on western governments to adopt a less dismissive stance on crypto and be more open to embracing the innovations coming out of the cryptocurrency space  especially in the financial sector.El-Erian characterized the debates among policymakers in the US and Europe as being narrow-minded especially when put in the context of the greater issues at play concerning cryptocurrencies.According to the Allianz executive, failure of the west to keep up with Beijing’s accelerated development of its digital economy could have significant implications beyond global finance and into the geopolitical sphere.El-Erian suggested a more cooperative approach that balances the policy discomforts of governments and central bankers with the desire by the private sector to pursue digital finance innovations via cryptocurrencies.Related: Law professor calls for crypto mining regulation during US Senate hearingThe Allianz executive enjoined all stakeholders — both public and private — to take the necessary steps needed to create the required synergistic interaction necessary for embracing the ongoing crypto revolution.

As the Stock Market Dives Report Shows ‘US Households Now Have Record High Exposure to Stocks’

While inflation has kicked up in the US, following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “US households now have record high exposure to stocks.” The news comes at a time when many analysts and economists believe equities markets are in a […]

Unconfirmed Stablecoin Report Brings Confusion Amid Bukele’s Bitcoin Law

A Salvadorian economist has hit out at President Nayib Bukele and his younger twin brothers – after a report claimed that the Bukele family has been secretly planning the release of a stablecoin and a crypto wallet. Per El Diario de Hoy’s website ElSalvador.com, economist Tatiana Marroquín, an outspoken critic of Bukele and the so-called Bitcoin Law – the act that

Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’

The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in bitcoin, volatility is […]

Assessing the good and bad of Dogecoin Co-creator's crypto-criticism

English economist John Keynes' description of capitalism is rather interesting.

Ethereum v. Bitcoin - Another side to this debate

German economist Karl Otto Pöhl once said, "Inflation is like toothpaste.

El Salvador Bitcoin move will put pressure on network: JPMorgan

Daily payment activity in El Salvador would represent more than 1% of the total value of BTC that have been transferred between wallets in the past year, JPMorgan experts say. American megabank JPMorgan has continued criticizing El Salvador’s declaration of Bitcoin (BTC) as legal tender, warning of the potential risks for both the country and the cryptocurrency.A JPMorgan expert group led by economist Steve Palacio released a report suggesting that El Salvador adopting BTC as legal tender could put strain on the Bitcoin network, Bloomberg reported Sunday.The experts said that Bitcoin is highly illiquid, noting that most Bitcoin trading volumes are internalized by major exchanges, with more than 90% of Bitcoin not changing hands in more than a year.The use of Bitcoin as legal tender in a country like El Salvador will potentially put a “significant limitation” on Bitcoin’s capability to serve as a medium of exchange, JPMorgan experts noted, pointing to the cryptocurrency’s illiquidity and trading nature.“Daily payment activity in El Salvador would represent 4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets in the past year,” they said.The JPMorgan experts also noted other challenges associated with El Salvador’s adoption of Bitcoin as legal tender, including the potential impact on the monetary system alongside official dollarization.

Bitcoin’s Legal Tender Status in El Salvador May Invite Sanctions, Says Top Economist – Here’s Why

Steve Hanke, a professor of applied economics at John Hopkins University, says that El Salvador’s adoption of Bitcoin as a legal tender places the country at risk of sanctions.

Inflation Watch: Four Facts about Soaring Food Prices

Christian Bogmans is an economist in the International Monetary Fund (IMF)’s Research Department (Commodities Unit); Andrea Pescatori is an Economist at the Western Hemisphere Department of the IMF; Ervin Prifti is a Senior Economist with the Research Department of the IMF. ____ Rising world food prices for producers are making headlines and causing concerns among the

BIS Economist Recommends ‘Technology-Neutral’ Crypto Regulation, Low-Cost Supervision of Decentralized Markets

An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended.

There Are Now Twice as Many 2021 ‘Bitcoin Deaths’ Compared to 2020’s BTC Obituaries List

Bitcoin is down in value 45% since the crypto asset’s all-time high (ATH) three months ago and the downward movement has ignited significant speculation about another bear market.

Blockchain not suitable for CBDC, says Swiss national bank economist

Global economists continue to question the implications of blockchain implementation for central bank digital currencies. Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank.Carlos Lenz, chief economist at the Swiss National Bank, argued that blockchain-based decentralization features are not efficient for a state-controlled digital currencies like a digital franc, German-language Swiss newspaper The Handelszeitung reported Thursday.The economist reportedly noted that there is a large number of technological opportunities for building a digital franc.

Thinkers Suggest Launching a Pan-Central American Digital Currency

Source: Adobe/IdeaBug, Inc. El Salvador’s pending adoption of bitcoin (BTC) as legal tender has set Central American thinkers to question whether the region could seek to compete with other economies by launching a joint-central bank-run digital currency for use around the region. In a column for the Salvadorian newspaper La Prensa Gráfica, Claudio de Rosa, a leading economist and financial

Massive Trap in Place for Bitcoin, According to Crypto Analyst Alex Krüger

Crypto analyst and economist Alex Krüger says that Bitcoin bears are in for some pain after BTC’s strong rebound in the last 24 hours.

While Bitcoin Hits New Lows Gold Bug Peter Schiff Blasts the Top Crypto and Supporters

The American economist, financial commentator, and gold bug Peter Schiff had a lot to say about bitcoin’s price sliding on Tuesday.

Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’

The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador.

Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome

On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation.

Cornell Economist Says Bitcoin Has 3 Flaws Driving People to Search for Better Alternatives

Cornell University professor of economics and former head of the IMF’s China division, Eswar Prasad, sees three major flaws in bitcoin.

Shanghai Man: Economist says El Salvador 'on road to death', salaries paid in e-CNY ...

Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures. Our Man in Shanghai has refused to let recent regulations slow down the news coming from China.

Top Economist Steve Hanke Calls El Salvador’s Bitcoin Adoption Decision Stupid

Steve Hanke has lambasted El Salvador for adopting bitcoin as a legal tender.

Steve Hanke warns BTC could 'completely collapse the economy' of El Salvador

Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions. Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvador’s recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse the economy.” Steve Hanke served as a senior economist under President Ronald Reagan administration from 1981 to 1982.

Roubini and Taleb tell CoinGeek conference data matters, not tokens

Nassim Taleb and Nouriel Roubini criticized tokens in general during a BSV conference panel. Economist Nouriel Roubini and former risk analyst Nassim Taleb took aim at crypto at the CoinGeek conference this week, while the always controversial Craig Wright boasted that the BSV blockchain was on track to hit billions of transactions a second.Taleb, the author of best-selling economic books Black Swan and Skin in the Game, was a controversial addition to the lineup of the CoinGeek Conference in Zurich and came under fire on social media for giving BSV legitimacy.Roubini meanwhile, offered a "greatest hits" version of his of attacks against crypto, familiar from crypto conferences prior to the pandemic.

Top Economist Calls Bitcoin As Legal Tender “Stupid”. Here’s Why He’s Wrong.

Let’s not kid ourselves, a person like Steve Hanke has enormous incentives to defend the status quo.

Deutsche Bank Warns: Ignoring Rising US Inflation Akin to ‘Sitting on a Time Bomb’

Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation.” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent tolerance toward higher inflation.

Strong Bitcoin Rally in Sight As Extreme Fear Grips BTC: Crypto Analyst Alex Krüger

Economist and crypto analyst Alex Krüger believes that Bitcoin is poised for a massive rally as market participants turn extremely bearish on the top digital asset.

Chinese Economist Says if Bitcoin Is Widely Adopted: ‘We’re All Going to Die, This Is Not a Joke’

A Chinese economist and assistant director at the International Monetary Institute of Renmin University, Qu Qiang, has predicted that “We’re all going to die” if bitcoin becomes widely adopted as a currency.

New Investors Led Crypto Selloff Last Week, Miners Had Limited Effect

Bitcoin (BTC) miners did send more BTC to exchanges at the end of last week, but so did others, according to Phillip Gradwell, Chief Economist at on-chain analytics and intelligence firm Chainalysis, which suggests that miners did not drive further price declines.

Lack of knowledge is main barrier to crypto adoption, new survey says

55% of survey respondents said that they were aware of crypto despite never owning or using cryptocurrencies. Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption, according to a new survey.The Economist Intelligence Unit, the research and analysis division of the Economist Group, released a new report called “Digimentality 2021.”The study was commissioned by major payment and cryptocurrency platform Crypto.com and contains a consumer survey of 3,053 people conducted from February to March 2021.According to survey results, 51% of respondents said a lack of knowledge is the main barrier to the adoption of open-source cryptocurrencies like Bitcoin and Ether (ETH), while 34% of survey participants cited security concerns as the main obstacle, and 29% indicated difficulties in knowing where to buy crypto.In terms of crypto acceptance by institutional investors and corporate treasuries, 47% of respondents said that overall market trust or understanding of digital currencies was the biggest adoption obstacle.

'COVID-19 Accelerated Digital Currency Adoption': The Economist Intelligence Unit

New data suggests that the pandemic has accelerated the trend towards adopting digital currencies.

Bitcoin and Crypto Here To Stay but Won’t Be Used in Most Payments, Says Former World Bank Chief Economist

The former chief economist of the World Bank, Lawrence Summers, says Bitcoin and crypto have staying power.

Nobel Prize-Winning Economist Robert Shiller Mulls Over Getting Active in the Bitcoin Market

Nobel laureate and professor at Yale University, Robert Shiller, is tempted by the crypto market.

Nobel Laureate Paul Krugman Quits Predicting Bitcoin’s Demise, Now Says BTC ‘Can Survive Indefinitely’

Nobel Prize-winning economist Paul Krugman says he has given up predicting the imminent demise of bitcoin.

Bitcoin Suffers From Same Problem As Gold, Says Nobel Laureate Paul Krugman

Nobel prize winning economist Paul Krugman says that Bitcoin is suffering from the same problem as gold, which is that people think of it as money, but it isn’t used as such.

Former US Treasury Secretary Larry Summers Says Cryptocurrency Is Here to Stay as Digital Gold

Former US treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold.

Gold Bug vs. Bitcoin Bug: A Look at the Curious Relationship Between Peter and Spencer Schiff

For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior.

UBS Chief Economist Says ‘Bitcoin Is Denied to Minority Groups Who Have Reduced Online Access’

A chief economist at UBS, the largest bank in Switzerland, sees a number of problems with bitcoin.

A Small Group of Investors Spent $24.5 Billion on Bitcoin in the Last Few Months

Chainalysis’s chief economist claims that on-chain data shows a large group of wealthy investors have picked up significant amounts of Bitcoin in the last few months.

"Cryptocurrencies are the Future of Money, Bitcoin Is Not" says Economist

Professor Steve Hanke says that cryptocurrencies backed by a currency board are the future of money, but not Bitcoin.

Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It

Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene.

Don't Assume 'Government Tolerance' of Bitcoin - Allianz Chief Economist

Mohamed El-Erian. Mohamed El-Erian, Chief Economic Adviser of German insurer Allianz, said that the rapidly rising interest in bitcoin (BTC) by investors worldwide is triggered by their belief in a continued private sector adoption, but that the cryptocurrency will establish itself only if governments permit it to.

Bitcoin Market Changed 'Radically' & Volatility Decline Attracts Institutions

Source: Adobe/Сергей Касьянов We are in a "radically" different bitcoin (BTC) market today, an analyst stressed, while JPMorgan strategists find that decreasing volatility is here to help institutional adoption. Per the latest Market Intel report by Chainalysis' Chief Economist Philip Gradwell, the data collected in the research suggested that the bitcoin price is

Bitcoin Price Analysis: 19 March

French economist Marion Laboure, macro-strategist at Deutsche bank, asserted that Bitcoin was now “too important to ignore".

Next 2-3 Years to be a Turning Point for Bitcoin, BTC to follow Tesla's Footsteps - Deutsche Bank Analyst

According to Deutsche Bank analyst and Harvard economist Marion Laboure, the next two to three years should be a turning point for Bitcoin.

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.” Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets.

The Evidence Is in on Negative Interest Rate Policies

Luis Brandao-Marques is a Senior Economist in the Global Financial Stability Analysis Division in the Monetary and Capital Markets Department of the International Monetary Fund (IMF).

Hyperbitcoinization’s Small Minority: Economist Says Bitcoin’s Growing Success Will Lead to Perverse Consequences

Last Sunday, the price of bitcoin touched an all-time price high at $58,354 per unit and surpassed a $1 trillion market capitalization.

LSE Economist: You Don't Want to Live in a World Where Bitcoin Succeeds

Bitcoin’s rising price isn’t necessarily a good thing, argues a top economist.

Harvard Professor Kenneth Rogoff Warns Central Banks Will Never Allow Bitcoin to Go Mainstream

Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says that central banks won’t allow bitcoin and other cryptocurrencies to become mainstream.

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Critics of the digital currency have visions of the future every bit as silly as maximalists'. Not everyone is excited about hyperbitcoinization.  According to a popular copy/paste meme, Bitcoin holders are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society.