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.
http://contrarianedge.com/2017/12/01/bitcoin-millennials-fake-gold/
Conclusion
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: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/
Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.
***
Filed under: Investing | Tagged: Bitcoin, cryptocurrency, Ethereum, Millennials Fake Gold, Vitaliy Katsenelson CFA |
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™
LikeLike
Bitcoin
Some people are taking out mortgages to buy bitcoins as price soars.
http://www.msn.com/en-us/money/markets/people-are-taking-out-mortgages-to-buy-bitcoin-as-price-soars/ar-BBGC3rh?li=BBnbfcN
Emile
LikeLike
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?
Walford
LikeLike
Bitcoin and Taxes?
Given the steep rise in the price and use of virtual currencies, expect all of us to have questions.
https://www.financial-planning.com/opinion/dealing-with-cryptocurrency-during-tax-season?utm_campaign=30%20days%2030%20ways-sep%2017%202018&utm_medium=email&utm_source=newsletter&eid=349b552221c994e2540a304649746d7c
Mortimer
LikeLike