30 Oct '17, 12pm

Bitcoin vs U.S. Dollar: Cases of Volatility

Bitcoin vs U.S. Dollar: Cases of Volatility

What does the constitution and fiat currencies have in common? It’s very difficult to effect a change in a constitution. In most cases, a constitutional amendment is only ratified after two-thirds of the House and Senate approve the amendment proposal. After that, lawmakers send the proposal to the states for a vote. Three-fourths of the states must support the proposed amendment before it actually makes it into the constitution. That’s a long and tedious process. It also requires a long and tedious process to stimulate the foreign exchange market. Here’s how. A recent study conducted by Bank of America Corp.’s Alice Leng revealed that foreign exchange trading — or forex, which essentially means the exchange or conversion of one fiat currency for another based on the values of each participating currency — now responds to shocks in the market less meaningfully. Even when t...

Full article: https://cointelegraph.com/news/bitcoin-vs-us-dollar-heres...

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