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Saturday, 24 February 17:38 (GMT -05:00)



Business And Politics News

Bitcoin Market Cap Exceeds $150 Billion


Bitcoin’s market capitalization exceeded $150 billion the other day. At the same time, the international expert community keeps on pondering upon the near-term prospects of Bitcoin and other digital currencies.

 

 

 

 
The world’s most popular and expensive cryptocurrency managed to go above the $154 billion threshold. For the sake of comparison, this is twice as much as the cost of Rosneft, Russia’s most expensive company. If Bitcoins were stocks, they could be compared to the stocks of such giants as Adobe and Neflix.
 
At the same time, more and more governments, banks, corporations and retail investors are getting increasingly interested in various digital currencies including Bitcoin, of course. For millions of retail investors out there, this is a relatively quick and easy way to make money. At least, this is what it looks like on the surface. In reality, everything is way more complicated than it seems.
 
In early 2017, Bitcoin cost under $1000. Today, it costs over $4000. This is a very volatile market, a roller coaster. Digital currencies are still unstable and have been subject to continuous ups and downs. That’s why those are not investments for everyone. That’s why you have to really know what to do.
 
Back in the early days, the first investors made tons of money by investing in Bitcoin and other cryptocurrencies. This inspired millions of others who wanted to get rich quick. As a result, trading and mining cryptocurrencies gradually became one of the main trends of 2017.
 
People buy computer hardware for mining like never before. Some of them even get neck-deep into debt to get everything required to start mining digital currencies. Still there are many skeptics who think that it’s really difficult to get rich fast by mining or trading digital currencies these days.
 

 

At the same time, some experts are convinced that the so-called block-chain technology is the door to a whole new world and prosperity. Their opponents think that the world has been obsessed with mining all of those cryptocurrencies, which are essentially a new kind of financial pyramids of global scale, they say. They say that digital currencies are unpredictable, and that’s one of the key risks for all the players out there. They say that the exchange rate of any cryptocurrency is defined purely by the supply and demand. The mining costs boil down to electricity expenses. However, neither Bitcoin nor other digital currencies are backed by anything but people’s trust. 

 

You are free to discuss this article here:   forum for traders and investors

 

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Any Brexit Scenario Will Damage the British Economy

In practice, there can be multiple Brexit scenarios, i.e. the scenarios of how the United Kingdom will exit the European Union. Experts say that almost any scenario will damage the British economy to some extent. Moreover, there will be some economic damage to both the UK, the USA, and the EU.

Publication date: 25 December 02:48 AM

The Era of Cheap Money from Central Banks is Over

According to two major investment banks – Citigroup and JPMorgan, the days of cheap money and low interest rates are nearly gone after almost 10 years since the last global crisis. They warn us that major central banks around the globe (including the ECB, for example) are going to start toughening their monetary policies in 2018 at the fastest pace in 12 years.

Publication date: 25 December 02:05 AM

Will Bitcoin Mining Leave the World without Electricity?

It seems like people have been obsessed with cryptocurrencies. While loading up on them like crazy, they seem to have forgotten that everything has a price. When it comes to mining cryptocurrencies, this is all about the growing deficit of electricity. The thing is that all those mining farms consume tons of energy. Maintaining that cryptocurrency infrastructure is rather energy-consuming as well since all of that requires really powerful and capacious hardware, which consumes big amounts of electricity.

Publication date: 04 December 01:04 AM

Brexit and Bank Capital Outflow

Since the Brexit referendum that took place in the United Kingdom last year, European banks have already withdrawn from the UK as much as 350 billion euros. That’s reported to be the official stats provided by the European Union, The Financial Times reports.

Publication date: 30 November 01:52 PM

Fed Will Raise Interest Rate 4 Times in 2018, Goldman Sachs Experts Predict

According to the experts working for Goldman Sachs, one of the largest investment banks in the world, the U.S. Federal Reserve is probably going to raise the key interest rate 4 times next year.

Publication date: 25 November 04:05 AM

Referendum In Catalonia May Hit Europe Harder Than Brexit

The possibility of Catalonia exiting from Spain is dangerous to the integrity of the European Union, even more dangerous than the Brexit. This is what The Daily Telegraph thinks on the matter.

 

Publication date: 01 October 04:58 AM

Trump Announced Revolutionary Tax Cuts for Americans

On Wednesday, September 27th, President Trump announced a tax reform. The thing is that Donald trump promised this tax reform when making his election pledges in 2016.

Publication date: 29 September 07:51 AM

What is so precious about Ukraine for international investors? An American businessman shares his opinion

More and more international investors have been paying attention to Ukraine as a promising area for profitable investing. Cody Shirk, an American entrepreneur, traveler and investor, is now urging international investors to look at Ukraine as a country with really great investment potential, Market Leader reports.

Publication date: 27 September 03:16 AM

China’s Debt Bubble May Trigger Another Global Financial Crisis

The Chinese economy keeps on slowing down as China’s debt bubble is growing. International experts are concerned about that. They are afraid of a new global financial crisis, Market Leader reports. The thing is, the Chinese economy is not growing fast enough anymore. Beijing has to admit the economic slowdown. The entire international expert community is now closely watching this slowdown and expressing their concerns about China’s economic prospects amid the mentioned economic slowdown and inflating debt bubble.

Publication date: 25 September 12:44 PM

Why Is German Parliamentary Election Important to Europe?

Judging by the results of several sociological surveys, the chances of electing Angela Markel for the next 4 years is fairly high at the moment. Even though there is almost no intrigue in the election, the international community has still been closely watching it, Market Leader reports

Publication date: 24 September 12:55 AM