12 Aug '17, 4pm

Bitcoin 'Has No Intrinsic Value' But Neither Does Fiat: Opinion - CoinTelegraph

Over the past few years, throughout Bitcoin’s strong rallies and upward momentum, some economists have criticized Bitcoin for its lack of intrinsic value. Ironically, this is something that neither fiat or most of the world’s assets have. Economists that have been exposed to fiat and conventional economics for decades often struggle to grasp the financial and technical concepts of Bitcoin. The decentralized nature of Bitcoin is an ambiguous concept for most, primarily because they have not been exposed to such concepts in the past. Despite the increasing demand from institutional investors for Bitcoin, including Fidelity which oversees $2.31 trillion in assets, economists such as Howard Marks, who runs $90 bln investment firm Oaktree Capital, are not ready to embrace Bitcoin due to its lack of intrinsic value . Earlier this month, Marks was quoted by Wired: “Digital curren...

Full article: https://cointelegraph.com/news/bitcoin-has-no-intrinsic-v...

Tweets

Why does Bitcoin have value?

Why does Bitcoin have value?

thefinance.sg 11 Aug '17, 10am

Ok I’m not going to talk in detail about what is Bitcoin. I’ll give a light summary. Bitcoin is a virtual currency. Someon...

Can Bitcoin disrupt the payment processing indu...

forbes.com 11 Aug '17, 10pm

Quote of the Day When I dare to be powerful, to use my strength in the service of my vision, then it becomes less and less...

#bitcoin

#bitcoin

bitcoinist.com 13 Aug '17, 2am

The new Goldman Sachs Q&A marks the continuing trend of major investment and financial houses beginning to accept cryptocu...

Yes, Bitcoin Has No Intrinsic Value. Neither Do...

wired.com 09 Aug '17, 1pm

penned in late July by Howard Marks, who runs Oaktree Capital, which manages north of $90 billion. Marks wrote to his inve...

Bitcoin vaults to new record above $4K, boosted...

cnbc.com 12 Aug '17, 8pm

The digital currency bitcoin vaulted to a new record high above $4000 on Saturday, boosted by strong Japanese demand on it...

Don't forget visit us on #Bitcointalk and write...

bitcointalk.org 17 Aug '17, 5am

Quote from: RJX on August 16, 2017, 10:37:24 AM Signed up for twitter bounty but I don't know how to 'like' the profile so...

Bitcoin hits another record high, value has risen over $15 billion in one week alone

Bitcoin hits another record high, value has ris...

cnbc.com 14 Aug '17, 12pm

After fighting within the bitcoin community over the future of the technology, the issue about upgrading the bitcoin netwo...