Tag: currency

Swiss National Bank (SNB) Opposes Using Bitcoin as a Reserve Currency

[ad_1] Thomas Jordan, the Swiss National Bank’s (SNB) Chairman, stated on Friday during a meeting that the central bank is against buying and holding  Bitcoin  Bitcoin Bitcoin is the world’s first digital currency that was created in 2009 by a mysterious entity named Satoshi Nakamoto. As a digital currency...
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Bitcoin has failed miserably as currency, says NYU’s ‘dean of valuation’

[ad_1] Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC). Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency. According to Damodaran, Bitcoin’s limited use...
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