Mon, Dec 5, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Bitcoin has a future as long as there is a need for additional money supply

Monday, March 31, 2014

amb
Izabella Kaminska
Benedicte Gravrand, Opalesque Geneva:

Izabella Kaminska, an avid Bitcoin blogger, talks to Sona Blessing on Opalesque Radio about whether virtual currencies such as Bitcoin could be the future of money.

The emergence of a virtual currency industry is very important and very "specific to these times," she says. She believes it is a factor of the endogenous need for money. As there is not enough money in circulation, the system self-corrects and creates its own money supply. Bank credit is also a money supply, but it is subject to terms and conditions of return that are getting harder to achieve. "There is a need for endogenous money supply that’s completely condition-free," she adds. "That, in a way, is virtual currency."

Bitcoin has a future as long as there is a need for additional money supply, which comes from the deflationary environment (deflation – the opposite of inflation – being a general decline in prices, often caused by a reduction in the supply of money or credit, or a decrease in government, personal or investment spending).

When prices stabilize and even if we see signs of inflation, and money stops being a zero-rate currency, there will be a reversal in the virtual currency trend as it won’t be so attractive anymore.

Confusing value with collaborative efficiency "For now, u......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan