sustainable wholesale jewelry Will Bitcoin be destroyed? Economists watch this way

Darlene

November 19, 2022 at 8:20 pm

mens gold jewelry at wholesale prices There is not only a bubble in the Bitcoin economy itself, but even the articles about Bitcoin are the same. A few weeks ago, I also wrote some short essays about my understanding of Bitcoin; but my feeling is that I can't tell what it will look like Bitcoin will become in the future. For all of us, what the future of Bitcoin is likely to be one of the reasons for people to be interested in this phenomenon. Therefore, I did not try to judge in the field I unfamiliar, but contacted a number of economists involved in the field, and they briefly explained the future of Bitcoin. It should be pointed out that I just seek the opinions of these economists through informal channels, so their elaboration on Bitcoin's future is likely not to be so serious. Interestingly, many professors have not even heard of things like Bitcoin, so they have not discussed it. Until this year, I am likely to consult their opinions again. Fortunately, I eventually found some economists who were willing and could participate in this topic, and the following are their views on Bitcoin's future. Chris Robert, a professor of public policy and economic development at Harvard University: If many smart people choose to believe a currency system that is largely established by anonymous computer hackers, not even more believed The currency system established and managed by the government formed by a real person, then it can only be said that there is a certain problem. Fortunately, the situation we face is not so bad. At present, Bitcoin is still largely the problem of media speculation. This guess comes from the continuous financial confusion situation and the increasing sense of distrust of the global financial system. However, this media speculation is likely to lead to the extension of the time period for the maintenance of financial speculation activities. In this period of time, more and more financial experts will find a new bubble and use this bubble to profit from it. Compared with corporate securities, futures, and even derivatives, Bitcoin's basic value is more limited. As long as the growth rate of demand exceeds the growth rate of supply, then the bubble will become larger and larger -of course, some of the other premise is that the network itself does not collapse, and the new loopholes will not cause everything to fall apart. Everyone is everyone. People who do not care about Bitcoin lack anonymity, lose their private keys and do not complain too much, and the improvement of the "mining" Trojan will not make the supply of Bitcoin suffer. Sudden impact and so on. Profitting from any type of bubble may be a risky business, but the global economy has never been lacking in people who are willing to let go. Therefore, as an exciting new tool for financial speculation, Bitcoin may continue to exist in the future. Former US Federal Trade Commission (FTC) and Stanford University economists, and current investment company investment portfolio management director and quantitative research director HNC Advisors, Robert McMillan: Bitcoin is destined to be destroyed. destiny. Bitcoin has significant value, such as easy reserves, difficult to be stolen and difficult to fake trading media, especially will not cause species extinction (such as white shell teeth or ivory), etc., nor will it cause direct damage to the environment; Unfortunately, people who are familiar with the Nobel Prize winner of Economics Paul Krugman know that "liquidity trap" knows that Bitcoin known and limited supply means Become an effective alternative currency. In addition, Bitcoin does not have obvious use value (this is different from platinum), so this currency will be completely destroyed. However, the defects of Bitcoin are produced during the implementation of this currency, not a problem with its own ideas. In my opinion, Bitcoin will soon face competitions from the new entryrs from the "Currency 3.0" in this field. These newcomers will repair the defects of Bitcoin, so it is more likely to achieve the golden base of currency acceptance, and it is also possible to achieve the gold book of currency acceptance. It is another important currency in the liquidity market of foreign exchange long -term transactions. In any case, we should pay attention to these new currencies. Their "mining" cost may be higher, the supply is unlimited, and even has the value of use (such as passwords). In other words, the currency that really changes the market may appear. "Economist" American senior editor of Matthew Bishop: As I have been pointed out in Gold We Trust about the future e -book of currency in the future, " The rejuvenation of gold and the emergence of Bitcoin are just like two sides of a coin; in the era of "quantitative easing", the health of the market's "legal" currency under the support of the government has lost trust. A response made by the lack of trust. In my opinion, other digital currencies developed in Silicon Valley in Silicon Valley are used to control the supply of supply will help create a good way to store value. For these digital currencies, the biggest risk is that the government may take action to destroy alternative currencies other than legal currencies. However, if a sovereign state also issues a algorithm -based currency, what will happen? Will the legal currency withdraw from the market? Brett Gordon, a professor at the University of Columbia Business School: There are two main categories of discussion on the issue of Bitcoin in the future. The first scope of discussion is based on the short -term future. The focus is that if Bitcoin is a bubble, when will this bubble break? As we all know, it is difficult to predict when a speculative bubble will end. If someone can be lucky enough to accurately predict the time of the bubble rupture, then you can earn a lot of money with this prediction; however, for us ordinary people, it is unrealistic to do this. The price chart of Bitcoin reminds me of the Nasdaq market between 1995 and early 2000. Obviously, there are obvious differences between the two; but I think what happened in the Nasdaq market during this period can represent many unblied price bubbles. From the perspective of Google Trends's trend chart, Bitcoin also presents a similar form, indicating that when the media of the digital currency gradually retreats, investors' interest in this currency may also fade back. The second scope of discussion is based on the long -term future of Bitcoin. The focus problem is: what will the Bitcoin market look like in the next five to ten years? Compared with predicting bubbles, it is even more difficult to predict the long -term future of the Bitcoin market. In my opinion, one of the important contributions made by the bitcoin market is that for decentralized secret currencies, this market can be used as a "concept verification". Bitcoin has two benefits. One is that this currency has a shrinkage in essence; the other is that the transaction using Bitcoin is anonymous. In view of the recent series of fiscal crisis and the growing concerns about online privacy, these two benefits are beneficial to Bitcoin, as well as any secret currency that will rise in the future. Professor of the University of Virginia, Professor Peter Rodriguez: At first glance, Bitcoin is not special; in fact, almost everything can be used as "pseudo -currency". Moreover, it is not new to take deep concerns about the legal currency and take various measures to avoid the risks of the central bank. In fact, in the era of post -gold standards, the popularity of legal (paper) currency is surprising. However, when the market's confidence in the legal currency gradually weakens, people will ask for help to be recognized and reliable value storage methods, which is not unimaginable in the current world. After the collapse of the Berlin Wall, Russia and other countries in the Soviet Union were split from the Soviet Union. Exchange transactions, as well as using Bailan Land in France to exchange high -priced items exchange transactions. To some extent, Bitcoin is just a pack of virtual cigarettes; but from another aspect, this virtual currency is revolutionary. Cigarettes have an inherent value, and they can be used for a variety of purposes like cotton, and they are even similar to gold. Compared with this, Bitcoin's pricing is independent and spontaneous. Sex is not as good as paper currency or baseball cards. Therefore, if Bitcoin can build its own value and make investors confident in enough for a long time, then the mechanism of changing this currency from a temporary value storage means to real currency may only be possible. Beginning development; then Bitcoin may become a reliable trading medium and index value, which has its own position in the currency system of the entire world. Even if Bitcoin is only used to measure the value of the product that eventually trades the "real" currency, this currency will become a brand new thing, that is, the real, regardless of other virtual currencies of the country, rooted in the market -paired pair of pairs A whole set of rules established around this currency. Of course, Bitcoin may be "internal explosion", which is not extremely impossible; however, no matter which currency will always be tested, all currencies have experienced a crisis of survival.

1 thought on “sustainable wholesale jewelry Will Bitcoin be destroyed? Economists watch this way”

Darlene
November 19, 2022 at 8:20 pm

mens gold jewelry at wholesale prices There is not only a bubble in the Bitcoin economy itself, but even the articles about Bitcoin are the same. A few weeks ago, I also wrote some short essays about my understanding of Bitcoin; but my feeling is that I can't tell what it will look like Bitcoin will become in the future. For all of us, what the future of Bitcoin is likely to be one of the reasons for people to be interested in this phenomenon. Therefore, I did not try to judge in the field I unfamiliar, but contacted a number of economists involved in the field, and they briefly explained the future of Bitcoin. It should be pointed out that I just seek the opinions of these economists through informal channels, so their elaboration on Bitcoin's future is likely not to be so serious. Interestingly, many professors have not even heard of things like Bitcoin, so they have not discussed it. Until this year, I am likely to consult their opinions again. Fortunately, I eventually found some economists who were willing and could participate in this topic, and the following are their views on Bitcoin's future. Chris Robert, a professor of public policy and economic development at Harvard University: If many smart people choose to believe a currency system that is largely established by anonymous computer hackers, not even more believed The currency system established and managed by the government formed by a real person, then it can only be said that there is a certain problem. Fortunately, the situation we face is not so bad. At present, Bitcoin is still largely the problem of media speculation. This guess comes from the continuous financial confusion situation and the increasing sense of distrust of the global financial system. However, this media speculation is likely to lead to the extension of the time period for the maintenance of financial speculation activities. In this period of time, more and more financial experts will find a new bubble and use this bubble to profit from it. Compared with corporate securities, futures, and even derivatives, Bitcoin's basic value is more limited. As long as the growth rate of demand exceeds the growth rate of supply, then the bubble will become larger and larger -of course, some of the other premise is that the network itself does not collapse, and the new loopholes will not cause everything to fall apart. Everyone is everyone. People who do not care about Bitcoin lack anonymity, lose their private keys and do not complain too much, and the improvement of the "mining" Trojan will not make the supply of Bitcoin suffer. Sudden impact and so on. Profitting from any type of bubble may be a risky business, but the global economy has never been lacking in people who are willing to let go. Therefore, as an exciting new tool for financial speculation, Bitcoin may continue to exist in the future. Former US Federal Trade Commission (FTC) and Stanford University economists, and current investment company investment portfolio management director and quantitative research director HNC Advisors, Robert McMillan: Bitcoin is destined to be destroyed. destiny. Bitcoin has significant value, such as easy reserves, difficult to be stolen and difficult to fake trading media, especially will not cause species extinction (such as white shell teeth or ivory), etc., nor will it cause direct damage to the environment; Unfortunately, people who are familiar with the Nobel Prize winner of Economics Paul Krugman know that "liquidity trap" knows that Bitcoin known and limited supply means Become an effective alternative currency. In addition, Bitcoin does not have obvious use value (this is different from platinum), so this currency will be completely destroyed. However, the defects of Bitcoin are produced during the implementation of this currency, not a problem with its own ideas. In my opinion, Bitcoin will soon face competitions from the new entryrs from the "Currency 3.0" in this field. These newcomers will repair the defects of Bitcoin, so it is more likely to achieve the golden base of currency acceptance, and it is also possible to achieve the gold book of currency acceptance. It is another important currency in the liquidity market of foreign exchange long -term transactions. In any case, we should pay attention to these new currencies. Their "mining" cost may be higher, the supply is unlimited, and even has the value of use (such as passwords). In other words, the currency that really changes the market may appear. "Economist" American senior editor of Matthew Bishop: As I have been pointed out in Gold We Trust about the future e -book of currency in the future, " The rejuvenation of gold and the emergence of Bitcoin are just like two sides of a coin; in the era of "quantitative easing", the health of the market's "legal" currency under the support of the government has lost trust. A response made by the lack of trust. In my opinion, other digital currencies developed in Silicon Valley in Silicon Valley are used to control the supply of supply will help create a good way to store value. For these digital currencies, the biggest risk is that the government may take action to destroy alternative currencies other than legal currencies. However, if a sovereign state also issues a algorithm -based currency, what will happen? Will the legal currency withdraw from the market? Brett Gordon, a professor at the University of Columbia Business School: There are two main categories of discussion on the issue of Bitcoin in the future. The first scope of discussion is based on the short -term future. The focus is that if Bitcoin is a bubble, when will this bubble break? As we all know, it is difficult to predict when a speculative bubble will end. If someone can be lucky enough to accurately predict the time of the bubble rupture, then you can earn a lot of money with this prediction; however, for us ordinary people, it is unrealistic to do this. The price chart of Bitcoin reminds me of the Nasdaq market between 1995 and early 2000. Obviously, there are obvious differences between the two; but I think what happened in the Nasdaq market during this period can represent many unblied price bubbles. From the perspective of Google Trends's trend chart, Bitcoin also presents a similar form, indicating that when the media of the digital currency gradually retreats, investors' interest in this currency may also fade back. The second scope of discussion is based on the long -term future of Bitcoin. The focus problem is: what will the Bitcoin market look like in the next five to ten years? Compared with predicting bubbles, it is even more difficult to predict the long -term future of the Bitcoin market. In my opinion, one of the important contributions made by the bitcoin market is that for decentralized secret currencies, this market can be used as a "concept verification". Bitcoin has two benefits. One is that this currency has a shrinkage in essence; the other is that the transaction using Bitcoin is anonymous. In view of the recent series of fiscal crisis and the growing concerns about online privacy, these two benefits are beneficial to Bitcoin, as well as any secret currency that will rise in the future. Professor of the University of Virginia, Professor Peter Rodriguez: At first glance, Bitcoin is not special; in fact, almost everything can be used as "pseudo -currency". Moreover, it is not new to take deep concerns about the legal currency and take various measures to avoid the risks of the central bank. In fact, in the era of post -gold standards, the popularity of legal (paper) currency is surprising. However, when the market's confidence in the legal currency gradually weakens, people will ask for help to be recognized and reliable value storage methods, which is not unimaginable in the current world. After the collapse of the Berlin Wall, Russia and other countries in the Soviet Union were split from the Soviet Union. Exchange transactions, as well as using Bailan Land in France to exchange high -priced items exchange transactions. To some extent, Bitcoin is just a pack of virtual cigarettes; but from another aspect, this virtual currency is revolutionary. Cigarettes have an inherent value, and they can be used for a variety of purposes like cotton, and they are even similar to gold. Compared with this, Bitcoin's pricing is independent and spontaneous. Sex is not as good as paper currency or baseball cards. Therefore, if Bitcoin can build its own value and make investors confident in enough for a long time, then the mechanism of changing this currency from a temporary value storage means to real currency may only be possible. Beginning development; then Bitcoin may become a reliable trading medium and index value, which has its own position in the currency system of the entire world. Even if Bitcoin is only used to measure the value of the product that eventually trades the "real" currency, this currency will become a brand new thing, that is, the real, regardless of other virtual currencies of the country, rooted in the market -paired pair of pairs A whole set of rules established around this currency. Of course, Bitcoin may be "internal explosion", which is not extremely impossible; however, no matter which currency will always be tested, all currencies have experienced a crisis of survival.

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