Saturday, April 8, 2017

Assuming central bankers remain hysterically stupid

Bitcoin has been the top-performing currency in the world in six of the past seven years, climbing from zero to a value of about $1,190.But the cryptocurrency isn't anywhere close to its potential, according to Jeremy Liew, the first investor in Snapchat, and Blockchain CEO and cofounder Peter Smith. In a presentation sent to Business Insider, the duo laid out their case for why it's reasonable for bitcoin to explode to $500,000 by 2030. 
But remaining hysterically stupid is impossible to do in public.  Central bankers are going to join the no atrbitrage club, allow government bond defaults and be a regular member in the sandbox.

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