More precisely - "will central banks allow decentralized digital currencies to exist over the long-term?" The short answer is we do not know for sure, but there certainly is an incentive for the Federal Reserve and other central banks to want to tame any currency that falls outside of central banks' sphere of control. Central … Continue reading Will The Federal Reserve Allow Bitcoin to Exist Long-Term?
This trend has accelerated since the Federal Reserve embarked on its money printing spree earlier this year. Using Bitcoin as a proxy, it is clear that cryptocurrencies have evolved beyond speculative investment status to become a store of value. There are a fixed number of Bitcoins that may be mined (21 million) which checks one … Continue reading Cryptocurrency Is Starting To Gain Recognition As A Store of Value