Chinese business magnate Jack Ma is confused by bitcoin and is not interested in learning more about the emerging cryptocurrency asset class, even though his company is pouring significant resources into blockchain development.
Bitcoin’s rising price brings the prospect of increased government scrutiny, but governments aren’t going to have an easy time regulating bitcoin, Michael Novogratz, CEO of Galaxy Investment Partners, told CNBC in a recent “Power Lunch” interview.
Former Federal Reserve Chairman Alan Greenspan said that bitcoin bears many similarities to the Continental dollars that the American Congress printed during the War for Independence to finance the war against Great Britain.
Michael Spencer, CEO of NEX Group Plc, a London financial expert, sees bitcoin’s price reaching $20,000 before reversing steeply, joining the cadre of financial leaders who claim bitcoin is a bubble,
Spencer told Bloomberg TV’s Guy Johnson in London that he has no idea if bitcoin’s price will double before it halves, but said it could hit $20,000 “pretty damn quickly.
Cybersecurity pioneer and eclectic personality John McAfee raised his 2020 bitcoin price target to $1 million, and his bet will undoubtedly leave even the most ardent bitcoin skeptic praying that he’s right.
As covered by CCN, Nobel prize-winning economist Joseph Stiglitz recently stated that bitcoin should be outlawed during a Bloomberg television interview. Just one day after, another Nobel laureate, Robert J. Shiller, shared his view on bitcoin: that it will crash in an event similar to the U.S. stock market crash that preceded the great depression.
While Joseph Stiglitz believes the cryptocurrency should be outlawed because it “doesn’t serve any socially useful function” and that its popularity comes from the “potential for circumvention, lack of oversight,” Robert J.