Will Bitcoin Survive?

Dear Reader,

The Bank of International Settlements, the central bank of central banks, came out with a paper questioning the added value of cryptocurrencies.

Behind the scenes, there seems to be building a consensus to either regulate or ban cryptocurrencies. Global leading central banks and their respective governments seem reluctant to relinquish the power they have over money creation, even small portion of it.

However, governments need tax revenue and Bitcoin and other cryptocurrencies' ancillary business will provide just that and in large  amounts.

The battle will develop, but for now I am of the opinion that technology innovation will win out in the end.

Disclaimer: The blogposts and comments on this blog and posts on social networks(Twitter, LinkedIn, Facebook etc.) are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is".

Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blogposts on this blog and posts on social networks.

Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!

Respectfully yours,

Petar Posledovich