Saturday, December 10, 2016
Swedish Investment Portal Sees Bitcoin as a Currency for the Future

Swedish Investment Portal Sees Bitcoin as a Currency for the Future

BitsPlan
Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.Read a great story about your favorite cryptocurrency? Post it on CoinUpVote and we might write about it on CCN.LA!

Aktiespararna, a news site of the Swedish Shareholders’ Association that offers investment advice, has posted an article presenting bitcoin as a future currency that can address the problems of security.

The article focuses on the importance of security on account of crises afflicting traditional currencies. The example offered is the 2013 financial collapse in Cyprus caused by the banking system’s liquidity and solvency problems.

As an investment, the article noted bitcoin carries a high risk. But it offers an interesting feature of a well-diversified portfolio.

The Cyprus Experience

To save the banks, the Cyprus government imposed a tax and a limit on how much money customers could withdraw from ATMs and transfer abroad. In response to this situation, many Cypriots discovered the benefits of bitcoin. The key benefit was that bitcoin is completely decentralized; there is no central unit that can control the system or affect the money supply.

Today’s money system, the article noted, is based on

Read more ... source: TheBitcoinNews

NO COMMENTS

Read previous post:
Japan Set to Be Major Funding Source for Blockchain Companies

Japanese regulations have restricted banks’ abilities to invest in fintech startups, including Bitcoin and blockchain companies. However, that is about...

Close