Euromoney (February Issue)
Those who quickly dismiss Bitcoin and other digital currencies may be overlooking their potential. “In theory, Bitcoin could serve two understated purposes: facilitating mobile transactions in emerging markets and, in the process, being a weapon in the so-called global currency war…. In fact, in some countries, as many as a fifth of respondents claimed that virtual-currency investments were a safer long-term bet than stocks and property.”
Tags: Bitcoin, Currency war, Emerging markets, Investments, Long term, Mobile transactions, Potential, Property, Respondents, Safety, Stocks, Virtual-currencies
Euromoney (March Issue)
”The currency war that many feared as an inevitable accompaniment to the credit crisis played out as more of a paint-ball contest until the recent sharp slide of the yen. The violence of the yen fall of roughly 20% reawakened fears of a wave of competitive devaluations.” While many fear the negative repercussions, for investment banks and hedge funds, the revival of FX uncertainty holds out the hope of a recovery in their moribund currency-trading revenues.”
