When bitcoin price reaches new heights, the critics raise their voices. As the price approached the $6,000 benchmark Friday, it didn’t take long for critics to warn of impending doom.
Wall Street banker Jamie Dimon, chief executive of JP Morgan Chase, unleashed another one of his diatribes against bitcoin Friday in response to a CNBC moderator question at an event hosted by the Institute of International Finance, reiterating that he believes blockchain technology is useful but that non-fiat cryptocurrency “has no value.”
Financial analyst Gary Shilling called bitcoin a ‘black box’ and that he won’t be investing in the digital currency. Shilling, president of A. Gary Shilling & Company, said bitcoin is “too opaque and complicated for him to invest” in.
But many cryptocurrency observers believe the rise in bitcoin price is built on solid fundamentals and are optimistic about bitcoin’s future.
Here are some topics that are discussed in this article :
Publicity Boosts Bitcoin
Progress Expected To Continue
Mainstream Acceptance Grows
https://www.cryptocoinsnews.com/bitcoins-price-boon-sound-fundamentals/
Read the complete article here
Wall Street banker Jamie Dimon, chief executive of JP Morgan Chase, unleashed another one of his diatribes against bitcoin Friday in response to a CNBC moderator question at an event hosted by the Institute of International Finance, reiterating that he believes blockchain technology is useful but that non-fiat cryptocurrency “has no value.”
Financial analyst Gary Shilling called bitcoin a ‘black box’ and that he won’t be investing in the digital currency. Shilling, president of A. Gary Shilling & Company, said bitcoin is “too opaque and complicated for him to invest” in.
But many cryptocurrency observers believe the rise in bitcoin price is built on solid fundamentals and are optimistic about bitcoin’s future.
Here are some topics that are discussed in this article :
Publicity Boosts Bitcoin
Progress Expected To Continue
Mainstream Acceptance Grows
https://www.cryptocoinsnews.com/bitcoins-price-boon-sound-fundamentals/
Read the complete article here