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Harvard University Economist Says Bitcoin Will Be $ 100, Not $ 100 in the Future

Bitcoin, former economic chief of the International Monetary Fund (IMF) for the Guardian article on 10 December "lottery ticket" as described.

In the middle of the collapse of the crypto market, Kenneth Rogoff, professor of economics and public policy at Harvard University, is currently opposed to crypto. ”Intense sensitivity“ the market environment of the crypto coins has risen to $ 5-10 trillion in the next 5 years. boom said.

Looking at the extinction of popular types of assets that have taken place in the past, the same situation, as seen in the trend of Bitcoin's $ 20,000 to $ 3.500 "not a panic" explains.

He sees Bitcoin as digital gold. “Crypto evangelical“ he does not advocate the view, and even in the long run he says his value will be 100 probably $ 100, not $ 100 thousand. görüş Rogoff; In contrast to the state of physical gold, he says that the use of Bitcoin is restricted to transactions, which makes him very vulnerable, like a balloon explosion. In addition, the process of approval of crypto coins, such as central banks Bunareliable centralized controlÇok is much more inefficient than systems.

Bitcoin's value will not be zero, but according to Rogoff, national governments and regulators follow expensive and may cause tax evasion or criminal offenses they now realize that they cannot control process technologies.

That made her, to her, to hold on to both sides of the Bitcoin. According to estimates, this situation in the future of Bitcoin anonymity It will take away, no one will want to use it or take it. In addition, developed countries will not tolerate governments.

Rogoff says it is time for world governments to regulate new types of assets. Global regulations, which are simultaneously synchronized with some geopolitical exceptions, mean that they will eventually eliminate the custom built systems:

Tır In the dystopian future, it will be true to find their counterparts, and to think of them as just a swindler and a lottery ticket for the failed countries. It is no coincidence that currently dysfunctional Venezuela is the creator of state-sponsored first crypto money. Şu

According to Rogoff's opinion, Cuba, Iran, Libya, North Korea, Somalia, Syria and Russia In world of the opposite countries of thoughts in the crypto was told by many analysts (even though they were sanctions). According to a report released this spring, the North Korean government was supporting cryptos in order to free American sanctions. Iran is going to go a step further in this report, removing their national cryptography looking for ways.

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SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph