Modeling Shows Bitcoin Conquering Dollar by 2021

Feel free to post your economic, business and political news, reports, and predictions concerning the U.S., Canadian, and world economy here. Please keep threads and posts on-topic.

Modeling Shows Bitcoin Conquering Dollar by 2021

Postby IdahoCopper » Wed Aug 06, 2014 7:54 am

See:
http://www.activistpost.com/2014/08/fed ... 3e#!bwNd3e

"We were directed (by the Federal Reserve) to upgrade our modeling of bitcoin from developing currency to a major currency. In addition to all of the common modeling and forecasting that task entails, we were instructed to do full simulations of money flows, interest rates, multi currency derivative baskets, risk metrics, and their effects on global macro monetary policy and trade agreements. What we found was shocking. Even with a mediocre adoption rate and variable growth rate, bitcoin severely disrupts how we model, forecast, and ultimately understand currency interactions to make monetary policy decisions. This is a huge technological, monetary, and policy disruption which leaves the Fed, the US govt, and other entities with much less control."
- - - -
User avatar
IdahoCopper
Post Hoarder
 
Posts: 2361
Joined: Sat Jan 16, 2010 3:00 pm

Re: Modeling Shows Bitcoin Conquering Dollar by 2021

Postby PennyPauper » Wed Aug 06, 2014 7:24 pm

That sure is interesting. Was a big early fan,more skeptical now. There is always someone looking to
knock off the top gun. Bitcoin might be late to the party.

https://www.youtube.com/watch?v=L3EjfJVdFZ0
User avatar
PennyPauper
Penny Hoarding Member
 
Posts: 901
Joined: Mon Mar 30, 2009 3:00 pm


Return to Economic & Business News, Reports, and Predictions

Who is online

Users browsing this forum: No registered users and 31 guests