Central Banks Will Not Allow Bitcoin to Go Mainstream, Says Harvard Professor 0 118

Since the beginning of the year 2020, Bitcoin (BTC) has been flying high with respect to its price and market capitalization. There have been many mainstream institutions such as PayPal, MicroStrategy, and MassMutual that have played a huge role in deciding the fate of Bitcoin (BTC).

Although Bitcoin (BTC) had mustered a lot of user-base from the private sector, all it required was input from the mainstream sector. This is when PayPal announced that it was going to integrate Bitcoin (BTC) into its platform.

This worked like a charm for Bitcoin (BTC), and the largest cryptocurrency in the entire world got even bigger. Since then, Bitcoin (BTC) has been constantly gaining mainstream adoption and several institutions from around the world have adopted it.

However, similar to the president of the ECB, there are still many who still do not support the idea of adopting cryptocurrencies and Bitcoin (BTC) altogether.

Bitcoin (BTC) has been facing a lot of resistance and hard times from traditional financial institutions. It is the banks that are currently opposing the idea of Bitcoin (BTC) being dealt with as an asset for savings and investments.

The above speculation has also been confirmed by one of the professors from one of the world-renowned universities “Harvard”. Kenneth Rogoff, who is currently a Professor of Economics at Harvard talked about how the central banks currently perceive Bitcoin (BTC).

Rogoff stated that if people think that Bitcoin (BTC) has started gaining mainstream popularity, then they are mistaken. Despite all the success and attention, Bitcoin (BTC) is still far from gaining real mainstream adoption.

However, Bitcoin (BTC) currently has a very harsh and difficult journey ahead as the central banks from around the world are going to give a very hard time.

He stated that the central banks will not let Bitcoin (BTC) gain mainstream success and adoption. The professor stated that other cryptocurrencies are likely to face the same kind of treatment from the central banks.

He stated that for the time being, the majority of the cryptocurrency industry is unregulated. Many cryptocurrency firms in the industry do not adhere to the regulations that include AML and KYC policies.

For now, it is not possible for cryptocurrencies to be given mainstream status in the economy. The first thing that the governments would do is regulate cryptocurrencies and ensure that the policies are being adhered to.

Once the cryptocurrency regulations are streamlined and adherence is above satisfactory levels, then the cryptocurrencies stand a chance of being given mainstream status.

The words coming from Rogoff hold very high significance as he was one of the former chiefs at the IMF.

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Mila Kunis Sold NFTs of Her Animated Series “Stoner Cats”, Sales Collect Over $8 Million 0 5

Mila Kunis, an American producer, and actress has successfully sold her NFTs for millions of dollars. The NFTs comprise teaser of the upcoming animated series of Kunis namely “Stoner Cats”. Only the purchasers of Stoner Cats NFTs will exclusively enjoy the privilege of watching the series, which is currently in the final phase of its completion at Orchard Farm Productions.

The global crypto community nowadays is going gaga about the Non-Fungible Tokens (NFTs) created by Mila Kunis.

Kunis is an acclaimed producer and appeared in various roles in the movies as a lead actress. Her most admired lead role was played by the actress-cum-producer in the movie titled “Black Swan”. She is married to co-star, Ashton Kutcher and both, individually and collectively, own multiple businesses. One of the businesses that Kunis runs is the production house called “Orchard Farm Productions”.

One of the latest upcoming projects of Kunis’s production house is a fully entertaining animated series called the “Stoner Cats”. The series has been co-created by Kunis along with her husband, Kutcher. Prior to the completion of the upcoming project, and before its onscreen playing, Kunis decided to issue a teaser in the most unique fashion. She eventually decided to launch the teaser by containing it in the Non-Fungible Tokens (NFTs).

It was reported that celebrities such as Seth MacFarlane, Chris Rock, and Jane Fonda are playing roles in the Stoner Cats series. Apart from the actors, even a role has been assigned to Vitalik Buterin i.e. the co-founder of Ethereum. It was told that Buterin was playing the role of a character in the series as “Lord Catsington”.

As regards the storyline of the series, it was told that the story revolves around a woman named “Ms. Stoner” who is suffering from Alzheimer’s. Ms. Stoner happens to have various cats living in her house and she is very fond of them. However, to keep her health in order, Ms. Stoner starts taking medicines made up of marijuana. Somehow the cats living in her house were accidentally exposed to marijuana smoke which led them to talk like insane.

A 27-seconds long video clip of the upcoming series has been made available on the website of Stoner Cats. The video gives a glimpse of the story to the viewers. However, the full video content in the series would not be available to view by everyone. In fact, only those will be allowed to watch the full content who have purchased the NFTs.

Reportedly, Kunis has managed to sell approximately 10,000 NFTs of the upcoming Stoner Cats series. Surprisingly, all the 10K NFTs were sold in only 35 minutes since the initiation of the sales. Each NFT was sold against 0.35 ETH i.e. equivalent to US$ 800/- each. It was informed that the total sale of NFTs collected sale proceeds to the tune of US$ 8.4 Million approximately.

Chris Larsen Ripple Chairman Shows Concern over Dogecoin and Issues Warning to Holders 0 10

Larson now joins the list of some of the world’s most renowned crypto scholars who have revealed their concerns about Dogecoin and told investors to think twice about over-investing in Dogecoin. Ripple Chairman informed investors about the risks associated with investing in Dogecoin. He compared it to gambling and said that most people who gamble end up on the losing side.

Since the Wall Street Bets movement broke out earlier this year, several prominent figures in the encryption field, including Charles Hoskinson and Barry Silbert, have issued similar warnings. However, as of this writing, Dogecoin remains the world’s top-10 cryptocurrency. Although people are now trying to ignore Elon Musk, Larson pointed out that a large part of Dogecoin’s success is due to the head of Tesla. But when he “ditched” Bitcoin, Larson thought he could abandon Dogecoin too.

During his critique, Larson also opened up about Dogecoin’s supply overflow and currency algorithm. He said that company’s algorithm is not environmentally friendly at all. He also questioned the overall mechanism by saying that it is far away from the market’s required quality.

To invest in some sort of memes-oriented company and Musk is nothing short of gambling. Seasoned and mature investors would never likely go for this option it’s rigidly off the cards. Investing in Dogecoin while eying the moon or space is nothing less than nonsense.  Despite the fact that Dogecoin was down to 74% three months ago. But since then, Dogecoin has remained stable and now its price is stable at a flat rate.

However, over the past week the currency being trade tightly between $0.19098 – $0.22888. In the past ten weeks, its momentum has been firmly entrenched in the lower half of the RSI chart. It seems that RSI is beginning to bend downward again. Even though it’s a massive ask for Dogecoin to rise above $1 mark in the coming three to four months but still investors are getting advantage of the low-price range and pilling up Dogecoin in their digital assets’ platform. The active hunters of Dogecoin do have their perspective of long-term investment, as some of the crypto scholars have labeled Dogecoin as a future long-term investment.

Despite facing staunch criticism from the critic’s Dogecoin is among the top 10 digital currencies. Traders have divided points of view about the funny nature of Dogecoins as currency is often mentioned as memes powered one. Those who showed their support for Dogecoin argued that despite the funny nature of the currency, Dogecoin has outperformed some of the renowned cryptocurrencies in terms of performance.  The unnecessary criticism could be a sign of danger or self-obsession towards Dogecoin.

 

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