What is Nigeria government’s plan about bitcoin . See what others are planning ..
Bitcoin is back in the news as its price continues a meteoric rise, with the cost of a single coin breaking $10,000 yesterday.
NASDAQ, the second largest stock exchange in the world, plans to launch bitcoin in 2018. Futures and derivatives allow investors to place bets on bitcoin without owning any of the actual currency, amplifying the amount of financial leverage on the underlying asset. It was an explosion of derivatives pegged to real estate assets like mortgages that underpinned the financial collapse of 2008.
As veteran investor and financial analyst Josh Brown wrote on his, none of this is likely to change soon:
“These people aren’t going anywhere. Crypto is here to stay. It doesn’t matter if most of the ICOs see their token prices crash by 90% (which is what I think will happen). Walking the halls and having people come up to me to explain their projects, I came to the realization that price crashes alone will not drive these people out. They’ve got business cards, and signs and LLCs and money raised and there will undoubtedly be projects that become real companies, even if the majority disappear. This is how all capitalism works. The crash of the internet economy at the turn of the century didn’t kill the internet itself. Google came around four years later. Three years after that, the iPhone came out. Then Facebook and Twitter. These are all post-crash. So if you’re sick of hearing about crypto, the bad news is that it’s going to be a part of the world for the foreseeable future.”