Goldman Sachs Exec: Central Bank Cryptos Could Be ‘Incredibly Useful’
A Goldman Sachs exec believes that cryptocurrencies – at least those that might one day be created by central banks – could be "incredibly useful."
There has to be broad-based value to society if blockchain technology and the market it supports are to survive and prosper, argues Michael J. Casey.
In an analytical note, Bank of America researchers called bitcoin one of the greatest bubbles in history.
Also: "Market professionals" think assets are overheating while Janet Yellen voices her concern about bitcoin.
CoinDesk Editor Pete Rizzo puts forth an alternate way to think about crypto valuations – one that might poke holes in critics' bubble talk.
This mania is incentivizing the formation of collaborative networks of developers and entrepreneurs. Their ideas will shape the economy of the future.