Peter Schiff predicts Bitcoin will crash before the U.S. dollar. The Bitcoin critic warned of a major U.S. economic crisis.
JPMorgan Chase — whose CEO Jamie Dimon once dismissed bitcoin as a “fraud” and likened cryptocurrencies to a “Ponzi scheme” — is diving further into crypto with a money-market fund that’s based on ...
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of ...
MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor responded on Monday to critics who call the firm's Bitcoin (CRYPTO: BTC) acquisition strategy a Ponzi scheme, equating it to Manhattan's real ...
A federal judge has ruled that Bitcoin is, for the purposes of the law, a currency and subject to government regulation. The ruling stemmed from the trial of Trendon Shavers, the founder of the ...
MMM Nigeria froze its operations on Tuesday, December 13, 2016, but assured investors that they will be able to get their returns in January. According to a statement sent to investors "due to the ...
Saifedean Ammous warned Argentina’s high-yield bond strategy is unsustainable, calling it a “Ponzi” that could push investors toward Bitcoin as the peso crumbles. Economist and author of “The Bitcoin ...
I'd say it's a good way for oligarchs to park their ill-gotten wealth should the country they've looted want their money back and whether it appreciates or depreciates in value doesn't matter much.
"Black Swan" author Nassim Nicholas Taleb on Friday criticized bitcoin as a "gimmick," telling CNBC he believes it's too volatile to be an effective currency and it's not a safe hedge against ...
Only a day after writing that bitcoin had reached new highs in the $360s, the currency slammed through the $400s up to $425... This week, the Chinese yuan has devalued to a four-year low against the U ...
Australian Senator Gerard Rennick criticized Bitcoin, saying, "You can't eat Bitcoin." A Bitcoiner replied, asking if he feels the same about the internet. Australian Senator Gerard Rennick has drawn ...