Bitcoin is Speculation and Not Future of Money, Ex-ECB Chief Says

Jean-Claude Trichet, former president of the European Central Bank (ECB), said that he was strongly against Bitcoin and hinted that cryptocurrency purchases are no more than speculation, South China Morning Post reported on Sunday. Bitcoin is Not Real Speaking at the Caixin’s 10th annual conference in Beijing, Trichet said he was doubtful that Bitcoin and […]

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IMF: ‘Financial Inclusion’ Will Boost Global Economy (As Long as It’s Not Bitcoin)

The International Monetary Fund warns that global growth is slowing to its lowest rate since the financial crisis. But while it urges financial inclusion, don’t expect the IMF to embrace Bitcoin anytime soon. Lowest Economic Growth Since Financial Crisis After performing a downward revision, to the lowest since the financial crisis, the International Monetary Fund […]

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