In an interview with Daniela Cambone, Bloomberg Intelligence Senior Analyst Mike McGlone states that excess volatility is oft-cited as a Bitcoin issue— which he calls a great misconception.
“We see it as normal for a potentially revolutionary asset on a trajectory to match gold’s risk measures by about 2024,” McGlone explains, adding this is also the timeframe for the next Bitcoin halving.
“Backward-looking volatility metrics fail to consider a primary component of Bitcoin’s future – fixed supply – that’s a volatility headwind, notably versus gold.”
Further Reading
An Introduction To Bitcoin For Developers
A course on how bitcoin works and how to program bitcoin stuff with the javascript bitcoin library Yours Bitcoin. Taught by Ryan X. Charles, Cofounder & CEO of Yours, and former cryptocurrency engineer of reddit. The first lecture gives a general ove…
Genesis Mining Sponsored BlockSpeak Conference Mumbai & Bangalore 2017
Cryptocurrencies (Bitcoin/Altcoins) are continuing to gain widespread adoption; the Indian market has begun to blossom, and Genesis Mining was there to sow the first seeds with the launch of BlockSpeak.
The goal was to create a conference where we…
Applying For The Bitcoin Ekasi Bitcoin Adoption Conference in Cape Town
Bitcoin adoption is having a positive impact in South African townships. The Adopting Bitcoin Cape Town conference seeks to encourage further adoption at a grassroots level.
Margin Trading Ether With Bitfinex
Bitfinex recently announced that they’re now allowing etherium, bitcoin and us dollar to be traded with margin. Click here to find out more.
