Cryptocurrencies don’t stand a chance at usurping national currencies, according to JPMorgan. That’s because they fail to meet the major criteria of a currency. Even if they did, the network effect of major currencies is too strong. You might have heard this before. Cryptocurrencies are a bad store of value and a bad unit of […]
Tag: cryptos
What you may not understand about crypto’s millionaires
GUEST: The decentralized age, enabled by cryptocurrencies and blockchain technology, is coming fast. We are witnessing the wholesale reinvention of the world’s financial system. When all is said and done, it is going to be fairer, more democratic, and will empower billions of people. And those crypto-millionaires — who you secretly begrudge for ‘not having […]
A top rates strategist at ANZ wrote this superb Christmas poem about blockchain and cryptos
James D. Morgan/Getty Images for P&O Cruises Australia Earlier this year we had Martin Whetton, Senior Rates Strategist at ANZ Bank, appear on our Devils and Details podcast to talk all things interest rates. It was undoubtedly one of our best shows of the year, thanks to the vast knowledge and experience he was able […]