Bitcoin – “Millennials Fake Gold”

Bitcoin – The  Digital Generation’s Gold Surrogate

By Vitaliy Katsenelson CFA

I’ve been asked about Bitcoin a lot lately. I’ haven’t written anything about it because I find myself in an uncomfortable place in agreeing with the mainstream media: It’s a bubble.

Bitcoin started out as what I’d call “millennial gold” – the young (digital) generation looked at it as their gold substitute.



Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements.

Book Marcinko:

Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.



3 Responses

  1. Bitcoin futures

    Bitcoin futures started trading todayy on the Chicago Board Options Exchange, letting investors bet on the currency’s future value. The move is seen by many as a step towards the mainstream.

    There’s clear support: Bloomberg notes futures expiring January rose from $15,000 to over $17,540 during trading, and demand saw transactions halted at times. But the Financial Times ($) says some big banks don’t support the futures yet, suggesting Bitcoin’s quest for legitimacy continues.

    Dr. David Edward Marcinko MBA CMP™


  2. Bitcoin

    Some people are taking out mortgages to buy bitcoins as price soars.



  3. Regulation

    Dr. Marcinko – Bitcoin futures are regulated. This is being promoted as a virtue of the bitcoin futures. However, the underlying bitcoin itself is not regulated. Can the regulation of a derivative be successful when the underlying main contract has no regulation especially at times of stress?



Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: