| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3711 Registered: 05-2011 Rating: N/A |
A 'maximalist' vision of bitcoin means every company will be a crypto company. 1. At the time, Paul Donovan, UBS Global Wealth Management’s chief economist, declared that the episode served as a “reminder that if one person can dramatically alter spending power, the ‘stable store of value' criteria of a currency is not met.” 2. PayPal’s decision is “a sign that every company will eventually be a crypto company — they just don’t know it yet,” Meltem Demirors, chief strategy officer at CoinShares. 3.In addition to the PayPal move, Wall Street is making crypto increasingly available to its clientele, while Facebook (FB) is also making its own ripples in the sector (albeit with a scaled-back version of its original grand design). Separately, trading platforms are clearly reaping the benefits of transacting in crypto (looking at you, Robinhood (HOOD)). 4.At the time, Paul Donovan, UBS Global Wealth Management’s chief economist, declared that the episode served as a “reminder that if one person can dramatically alter spending power, the ‘stable store of value' criteria of a currency is not met.” PayPal’s decision is “a sign that every company will eventually be a crypto company — they just don’t know it yet,” Meltem Demirors, chief strategy officer at CoinShares, told Yahoo Finance Live in an interview on Monday. “And I think this trend is just getting started.” She was only half joking. In addition to the PayPal move, Wall Street is making crypto increasingly available to its clientele, while Facebook (FB) is also making its own ripples in the sector (albeit with a scaled-back version of its original grand design). Separately, trading platforms are clearly reaping the benefits of transacting in crypto (looking at you, Robinhood (HOOD)). 5. “Crypto’s not a fad. There are elements of this, certainly, that feel a little speculative and bubbly… but if we zoom out and look at the secular 10-, 20-year trend… we view crypto as a fundamental enabling component of this new digital world,” Demirors added. 6.It cuts to the heart of what noted bitcoin evangelist and crypto investor Anthony Pompliano wrote in a letter to subscribers on Monday. Waxing poetic about how digital currencies were ushering in a “monetary revolution,” Pompliano laid out a vision in which maximizing the use of crypto (i.e. “maximalism”) will eventually make prices far less whipsaw. 7. “The crazy part is that if monetary maximalism ends up playing out how I believe it will, bitcoin will eventually be incredibly stable in value. The price of goods and services will be denominated in bitcoin and the average bitcoin holder won’t see any level of volatility,” Pompliano wrote. https://finance.yahoo.com/news/the-meaning-behind-bitcoins-revival-crypto-is-not -a-fad-morning-brief-090920466.html |