As the price comes to 900$, something interesting happening. will bitcoin beat the fiat?
Quote from: girlbtc.com on December 27, 2016, 11:29:59 PM // http://www.girlbtc.com
Die Welt: Bitcoin is a global barometer for global distrust in the existing monetary systems[Forwarding]
Bitcoin is a global barometer
Holger Zschaepitz, senior editor at the Financial Department of leading German newspaper Die Welt, observing the recent rally of Bitcoin, said Bitcoin would become the new safe haven for investment.
In his article devoted to the difficult challenges that nowadays many national currencies face, Zschaepitz notes, despite the fact that Bitcoin is still considered as a risky investment, the uncertainty of fiat currencies attracts investors to it.
On the night of Thursday to Friday, Bitcoin against the various geopolitical risks rose and got $ 900. The analyst says this cryptocurrency will become the new safe haven for investments, replacing gold.
chart twitter
The main reason, according to him, is that Bitcoin is not regulated by governments and is less affected by changes in monetary policies.
Moreover, Bitcoin can also be regarded as a barometer of global distrust to the existing monetary system, stressed Zschaepitz.
Digital currency jumps >$900
Holger Zschaepitz recalls, this year Bitcoin surpassed all major currencies of the world on its parameters, and among the main reasons for the rapid growth of its price, he calls the events in the two most populous countries - China and India.
In India, two largest banknotes were withdrawn from the circulation, as well as restricted cash withdrawal through ATMs, while the Beijing Politburo is trying to stop the outflow of capital from the country.
The loss of faith in the national currency has observed not only in developing but also in industrialized countries, such as Italy, where currently is the raging banking crisis. So, on the night of Friday, the Italian Government decided to send substantial funds for the prevention of bankruptcy and guarantee depositors' funds of Italian banks suffering from the credit crunch. The total volume of non-performing loans has reached EUR 360 bln, it is about 1/4 of Italy's GDP.
Against the background of becoming increasingly apparent geopolitical risks the digital currency has a number of advantages, in the first place, says Holger Zschaepitz, is its lack of control from central banks.
The german analyst made such statements after Nicolas Dyuik, representative of the leading political force in France "The Republicans", had called cryptocurrencies as "a threat to the economies of developed countries".
source : http://girlbtc.com/bitcoinforum/index.p ... 104#msg104
Die Welt is right,
The loss of faith in the national currency has observed not only in developing but also in industrialized countries, such as Italy, where currently is the raging banking crisis.
banking crisis soon.
What do you think of "a global barometer"
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