Bitcoin is bust: Why investors should abandon the doomed cryptocurrency SINCE its inception, the market for bitcoin has experienced one of the most remarkable roller coaster rides of all time. Originally worth a fraction of one cent in 2009, the price of bitcoin rose to peak at not far short of $1,200 in December 2013. Since then, it has fallen erratically and is currently about [...]
Scotland could keep the pound – but at the cost of any monetary independence THE CONTROVERSY over the monetary and currency arrangements of an independent Scotland has dominated the referendum campaign, after Alex Salmond’s initial desire for a formal currency union with the rest of the UK was ruled out by all the other major political parties. Salmond has since strongly indicated that Scotland could use sterling unilaterally – [...]
Why Bitcoin won’t be the money of the future – but cryptocurrencies might be PROPONENTS of Bitcoin like to suggest that it will be the money of the future. Critics point to its price volatility, evidence of a Bitcoin bubble and other problems. With the price of Bitcoin having just fallen below $500 for the first time since May, both sides make valid points. Bitcoin is a cryptocurrency, a [...]
