Recently, with the decline in bitcoin prices, Crystal Doomsday predictions such as Noril Rubin and his colleagues are determined to ensure that not all the digital currency markets again do the moon. In the latest development, the more well-known economist has argued that the strict regulatory policies of governments on cryptoscope would be useless and bitcoin and other cryptokuras soon.
For bones?
According to the reports, three prestigious economists have begun new attacks on the growing cryptocurrency space.
Together with American economist Joseph Eugene Stiglitz and the Nobel Memorial Prize recipients of economic science, Noril Ruby and Kenneth Rogoff, have predicted that due to regulatory clampdown by world governments, Bitcoin can be worth only $ 100 in ten years.
According to critics, the completely unaware economist for the work of Bitcoin strongly believes that the regulators' fight against fraudulent money laundering activities by using privacy-focused digital currencies will be the total collapse of the whole cryptovers. Stiglitz said, "You can not have the means of payment, when you are trying to create a transparent banking system, it is based on secrecy." Even thousands of highly informative cryptocoversary educational materials are present in online and print, as well as industry-specific media companies provide consistent reporting, Stiglitz's comments show a lack of basic understanding. In addition, the Nobel laureate appears to be unaware of the new stringent knowledge-your-customer (KYC) and Anti-Money Laundering (AML) operations, which are running in the recent days during the Cryptocurrency Exchange and Bitcoin-linked business. Most importantly, the world's leading cryptosycurrence has proved over time that it is not a viable tool for illegal deals compared to altcoins like Monroe, Zachash and others.
75-year-old Columbia university professor and chief economist at the Roosevelt Institute argued that once the cryptrocreative market crosses its current $ 246 billion assessment, "[government] will use the hammer."
Like some billionaire in the traditional finance sector, including Berkshire Hathaway chief Warren Buffet, who believes that nothing will be good with bitcoin, Stiglitz first told BloombergStat Bitcoin because it helps criminals rob money: