2020 was the year Bitcoin caught the eye of institutions. While many were skeptical when MicroStrategy famously converted its corporate treasury reserves to Bitcoin, it didn't take long for Michael Saylor's move to awake the interest of other corporations and financial institutions.
As the developments of
Bitcoin proponents are already in awe at the size of the United States' latest $1.9 trillion coronavirus stimulus bill, but for the International Monetary Fund (IMF), it is not enough.
Speaking at the twelfth Russian Gaidar economic forum on January 15th, IMF managing director Kristalina Georgieva told world
Bitcoin is highly speculative, "hugely energy-intensive," lacks "value backing," and "may well break down altogether"—this is how Bank for International Settlements General Manager Agustin Carstens summarized his opinion on Bitcoin at a policy seminar by The Hoover Institute on Wednesday.
In his talk
Bitcoin is highly speculative, "hugely energy-intensive," lacks "value backing," and "may well break down altogether"—this is how Bank for International Settlements General Manager Agustin Carstens summarized his opinion on Bitcoin at a policy seminar by The Hoover Institute on Wednesday.
In his talk
2020 was the year Bitcoin caught the eye of institutions. While many were skeptical when MicroStrategy famously converted its corporate treasury reserves to Bitcoin, it didn't take long for Michael Saylor's move to awake the interest of other corporations and financial institutions.
As the developments of
Bitcoin proponents are already in awe at the size of the United States' latest $1.9 trillion coronavirus stimulus bill, but for the International Monetary Fund (IMF), it is not enough.
Speaking at the twelfth Russian Gaidar economic forum on January 15th, IMF managing director Kristalina Georgieva told world
Value investor Howard Marks appears to be revisiting the topic of Bitcoin. In a memo to clients at alternative investment management firm Oaktree Capital Management, the company's co-founder wrote about a conversation with his son Andrew Marks that involved a discussion about Bitcoin.
Marks describes his son as
One of the biggest concerns shared about Bitcoin is that it is subject to intense regulatory risk. The oft-mentioned criticism is that if governments wanted to, they could prevent exchanges from selling bitcoin or from allowing individuals to withdraw bitcoin to their own addresses.
Bill Miller, a Wall Street value
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
Federally chartered banks in the U.S. can now operate nodes and use stablecoins, according to a letter published by the Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Treasury department, on Monday.
Specifically, the letter explains that banks may "connect to blockchains
This article was originally published on Mimesis Capital's Medium account on December 7th, 2020, and was edited to represent updated market data.
Bitcoin is the world’s best treasury reserve asset, the emerging dominant monetary network, and the solution to the store of value problem faced by 7.
