Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6780043783212998657
#Bitcoin: Fool’s Gold or #Digital #Gold: Only Time Will Tell:
US #ExecutiveOrder 6102: had made it a criminal offense for U.S. citizens to own or trade gold…: https://lnkd.in/ey9mpDy: #India to propose #Cryptocurrency #Ban, #Penalties for #Miners, #Traders: https://lnkd.in/ePAaMGb :
#Fed #Chair #JeromePowell said that #cryptocurrencies remain an #unstable #store of #value and the central bank is no hurry to introduce a competitor.
“They’re #highly #volatile and therefore not really useful #stores of #value and they’re #not #backed by anything”:
[*Essentially, what I stated in the 2014 Hong Kong Institute of CPAs interview and reflecting Bridgewater Associates Rebecca Patterson’s recent CNBC interview: https://lnkd.in/eyJP2cE.%5D
Powell said during a BIS virtual panel discussion: “It’s more a #speculative #asset that’s essentially a substitute for gold rather than for the dollar.”
* #HongKong #Institute of #CPAs Interview: #Global #Financial #Regulation: Future of Bitcoin & #Statistical #Probabilistic #Quant #Methods: https://lnkd.in/efcwAnD *
#Bitcoin #Protocol: Model of #Cryptographic #Proof Based
Global #CryptoCurrency & #EPayment #System
https://lnkd.in/ePsDYDK
Global Risk Management Network LLC: #AI #ML #DL #Quant #Cyber #Crypto #Quantum & #Risk #Computing