Tag: Federal Reserve

Bitcoin

Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile

Cryptocurrencies might never be able to work as actual money, according to UBS. Reason: Crypto’s volatility renders it unreliable as a store of value. The “fundamental flawâ€� inherent in cryptocurrencies is that supply can’t be reduced when demand is slumping, in most cases, said Paul Donovan, chief economist at UBS Global Wealth Management, in a […]

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Bitcoin

Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile

Cryptocurrencies might never be able to work as actual money, according to UBS. Reason: Crypto’s volatility renders it unreliable as a store of value. The “fundamental flawâ€� inherent in cryptocurrencies is that supply can’t be reduced when demand is slumping, in most cases, said Paul Donovan, chief economist at UBS Global Wealth Management, in a […]

The post Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile appeared first on TechFans.

Continue readingBitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile