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BTC will end with the banks: Mauldin Economics
Jared Dillian, a strategist of investment of Mauldin Economics, has commented via Twitter, which has been exploring BTC for a couple of weeks and has come to the conclusion that despite some technological obstacles that presents Bitcoin; believes that the crypto more popular, you will end up moving to the banks. As noted, it is only a matter of time.
I’ve only been exploring bitcoin in depth for a couple of weeks, but I’m finally beginning to understand the threat to the banking business model.There are myriad technological hurdles, but this is a question of when, not if.— Jared Dillian (@dailydirtnap) September 18, 2019
His comments attracted the interest of his followers, who argued positions for and against. Some believe that the biggest problem of Bitcoin is the existential question against the banks and some others believe that Bitcoin faces many scalability issues to face the current banking system.
The Federal Reserve could boost Bitcoin: The CEO of BitMEX
Arthur Hayes, CEO of BitMEX, recently said, that once the Federal Reserve (Fed) to reactivate his “divine power” to create money with quantitative easing, BTC could increase to $ 20,000. Quantitative easing, a term contrived to indicate “the creation of excessive legal” of fiat money, is an invention of economic engineering implemented by the FED, as a measure of “temporary relief” to an economy of little or no growth. Likewise, on the global economic stage; it is evaluating the possibility of implementing the interest rates negative, because they have been reduced to the maximum possible scope of action without obtaining the expected results. The madness of the interest negative, indicate that the savers will have to pay the bank for having their money stored with them. These policies irresponsible on the part of central banks in conjunction with governments; they are preparing the perfect setting to active low and is not manageable as Bitcoin.
Craig Wright requested a 30 day extension to delay the payment of 500K Bitcoin
In my country there is a saying that says: “quiet you look more beautiful”; hinting that there are situations where our silence helps us and is best for us, that the attempt to speak. And, as it is the case of one of the self-proclaimed “Satoshi Nakamoto”, Craig Wright, due to the fact of this proclamation has turned out very expensive. On the 17th of September, the attorneys of Wright presented a new 30-day extension to all deadlines for discovery and case, citing the need to facilitate the ongoing discussions with the heritage of Dave Kleiman because the parties have entered into “settlement discussions extensive”. As we reported in CriptoTendencia, there is a court order to request that Wright deliver 50% of the approximately 1 million of Bitcoin allegedly extracted with Dave Kleiman, attorney Wright, Andres Rivero, first requested an extension of 14 days to 30 August. In the presentation, the part of Wright was also intended to challenge the order of judge Reinhart in favour of the inheritance of Dave Kleiman, arguing that Wright did not recognize that the judge had the power to enter the order.
CBOE withdrew the proposal VanEck, SolidX Bitcoin ETF of the review of the SEC
Chicago Board Options Exchange (CBOE) has withdrawn its proposal to the exchange-traded fund (ETF) VanEck / SolidX Bitcoin (BTC) of the Securities and exchange Commission of the united States (SEC). This was confirmed by the own SEC this 17 of September. Although not put forward any reason, the decision to withdraw the proposal came just weeks after the company began offering an ETF for Bitcoin is limited for the institutions. Despite the news, the director of strategies of digital assets VanEck, Gabor Gurbacs, stated in a tweet: “We are committed to supporting financial innovation, focused on Bitcoin. To bring to market an ETF physical, liquid, and insured continues to be one of the main priorities. We continue to work closely with regulators and market participants to be one step closer every day.” Indicating that CBOE will continue to work with regulators and market specialists, looking for a subsequent approval by the SEC of a future new proposal. The following two tabs change content below. Engineer, lover of economics and technology; Convinced that Blockchain will empower them to future generations, giving them freedom and sovereignty to each individual.