• Bitcoin rose from $10,550 to $10,750 in the past 24 hours but selling pressure pushed BTC’s value to $10,660 at press time. You deserve a better Internet. 11.7 C. Amsterdam. 5 October 2020. Home; News. News . Binance Coin, Zcash, Dash Price Analysis: 05 October. 5 October 2020. News. Bitcoin Is for Suckers, Says Professor Steve Hanke. 5 October 2020. News. Bitcoin Technical Analysis: BTC ... Steve Hanke, an applied economist at Johns Hopkins University, has dismissed Bitcoin as a ‘highly speculative’ asset in his recent tweet.. image by @steve_hanke. For crypto to become a legitimate cryptocurrency, it has to be tied to a basket of commodities, according to the professor. On July 4th, Steve Hanke, an economist at John Hopkins University and foreign exchange trader, said that he doesn’t think Bitcoin is a currency. “#Bitcoin is not a currency, it is a speculative asset. In order for a #crypto-“currency” to be an actual currency, it must be tied to gold,” Hanke commented, attaching the image below to his ... Steve Hanke, an economist at the John Hopkins University, recently called out Bitcoin as an unreliable digital asset that is extremely vulnerable to fraud. He went in to say that he doesn’t regard Bitcoin as a currency – rather, he marked it as a highly-speculative asset, despite having a market cap value exceeding $100 billion. Goldman Sachs Bitcoin view is correct – Says US Economist Prof Steve Hanke By Qadir AK Follow on Twitter Send an email May 30, 2020 Updated on May 30, 2020 , 7:56 am Recently Goldman Sachs had laid its views on the Bitcoin calling them as non-assets. Many of them are highly respected economists and other financial professionals in the traditional finance space and to that end, Steve Hanke has said that bitcoin is a crazy investment but is a believer that blockchain could be integrated to create real viable and efficient assets.
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