Tuesday, January 26, 2021

Bitcoin is a speculative asset

ECB president, Christine Lagarde, remarks on digital currencies

  • Bitcoin wants regulation
  • Bitcoin has facilitated ‘humorous enterprise’, some reprehensible exercise
  • We can have a digital euro
  • Hopes it might be not more than 5 years earlier than digital euro

I feel she answered her personal query as to why there will likely be individuals who would nonetheless choose Bitcoin over central financial institution digital currencies. Is it principally/purely speculative? Positive, one can say that it’s. However it’s an fascinating experiment on human/investor psychology.

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