Bitcoin and Beyond, David Andolfatto, St. Louis Fed ...

Global Economy Forecast

Greece will default on their EU creditors because they know that they have a Russian safety net. After Russia helps Greece become a sovereign state, Russia will request that Greece votes to repeal the economic sanctions against them. Greece has every reason to default, knowing Russia has their back and Russia has every reason to have Greece's back. Win-Win for both countries. Complete loss for the EU.
The Greece debt is listed as an asset because the creditors expect to be paid back. That 323 billion euro debt must be absorbed by the creditors and now that asset becomes a liability. How will this effect the European Market?
DAX German Stocks
FTS Eurofirst 300 Index
DAX is higher than it was before the 2008 crash.
I couldn't find any sources of the FTSE Eurofist 300 Index that went back beyond 5 years. However, even within that limted timeframe, the FTSE index is in uncharted territory.
Point being : European stocks are in a bubble. When Greece defaults, that backlash will hit the European economy. The question is, where do Investors go to find a safehaven for their money during a financial crisis?
submitted by Xeagu to Bitcoin [link] [comments]

#230 IMF, Central Banks Will Issue Digital Currencies (CBDC & Bitcoin-BTC) Singapore Central Bank Adds Blockchain CEOs to Advisory Panel (The Cryptoverse #61) South Korea $600 Million Uncovered in Illegal Cryptocurrency Trading Bitcoin New U.S. Laws And India Looks Into Using Bitcoin in Cashless Society bitcoin - YouTube

Andolfatto noted that the Federal Reserve has little to fear from bitcoin as a form of currency, but that the central bank has almost no ability to compete with virtual currencies in payment technology. What’s more, he claims that the Fed’s policies may ultimately have little impact, as “enforcing an outright ban [on bitcoin] is close to impossible.” Bitcoin is described as decentralized for two reasons. First, Bitcoin is not associated with a government or a central bank. In the United States, the U.S. Mint mints coins and prints dollars. The Federal Reserve is in charge of monitoring the amount of private dollar creation, credit expansion, and inflation. Bitcoin consists of an ... Bitcoin and Beyond: The Possibilities and Pitfalls of Virtual Currencies . David Andolfatto* Vice President . Federal Reserve Bank of St. Louis . March 31, 2014 *The views and opinions expressed here are my own and do not necessarily reflect those of the Federal Reserve Bank of St. Louis or of the Federal Reserve System. “We have elected to put our money and faith in a mathematical framework ... Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer that uses Blockchain, or group of programmers , under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list and released as open-source software in 2009. There have been various claims and speculation concerning the identity of Nakamoto, none of which are ... Bitcoin and Beyond, David Andolfatto, St. Louis Fed - Video. Related Post. Bitcoin Supply on Ethereum Tops $1B - CoinDesk - CoinDesk - September 18th, 2020; Its a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K - Cointelegraph - September 18th, 2020; Bitcoin sentiment at record lows Does it mean the price will go up? - Cointelegraph - September 18th, 2020; Bitcoin will ...

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#230 IMF, Central Banks Will Issue Digital Currencies (CBDC & Bitcoin-BTC)

This video is unavailable. Watch Queue Queue. Watch Queue Queue #266 David Andolfatto: ... BITCOIN BREAKOUT If $11,700 Broadening Descending Wedge Confirmed BTC PRICE Analysis, Chart, News - Duration: 11:46. Tyler S 2,546 views. 11:46. The Stock Market is So ... Skip navigation Sign in On Friday, jurors in Manhattan federal court have prepared to weight in charges against a Florida software engineer and a New Hersey pastor, who have been accused of scheming to help an illegal ... new law just passed allowing investment into bitcoin. also a number of states have made the blockchain ledger admissible in court. India looks into use of bitcoin in new cashless push.