RATE Group | Bitcoin Price Has Hypotehtical Value of $1,800: Federal Reserve Report
27995
wp-singular,post-template-default,single,single-post,postid-27995,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Price Has Hypotehtical Value of $1,800: Federal Reserve Report

24 May Bitcoin Price Has Hypotehtical Value of $1,800: Federal Reserve Report

Posted at 02:33h in Bitcoin News by

[ad_1]


federal reserve

Join our community of 10 000 traders on Hacked.com for just $39 per month.

The Federal Reserve Bank of San Francisco released a report on May 18 discussing the volatility of the bitcoin price and its impact on the ways bitcoin should be classified, whether as a currency, security, or commodity.

Joost van der Burgt, author of the publication and fintech policy advisor at the Federal Reserve’s San Francisco branch, confirms what many have already said: that bitcoin straddles the properties of all three asset classes. However, he draws interesting points over properties that make bitcoin fit into one category better over others.

Burgt also shows historical evidence that suggests bitcoin is in a bubble, without saying firmly whether it is or not.

bitcoin price
Bitcoin Price Chart

Though the price volatility would be an obvious reason why bitcoin struggles as a real-world currency, Burgt looks more closely at the ways it is currently used in the market place alongside central banking…

[ad_2]

Article Source

Tags:
, , , , , ,