The first investor in Snapchat explains why the bitcoin rally is just getting started

  • Uncertainty about governments could make cryptocurrency like bitcoin an even more in-demand commodity, said Lightspeed Venture Partners partner Jeremy Liew.
  • “Bitcoin and the other digital currencies, they all really see a lot of benefit in times of political and economic instability,” Liew said to CNBC.
  • Lightspeed co-led the first venture round in Blockchain, a bitcoin wallet, in October 2014.
  • Liew said in parts of the Middle East, Africa, South America and Eastern Europe, concerns over the government being overthrown or persistent long-term currency inflation have been driving bitcoin’s increasing valuation.
  • While there are other cryptocurrencies like ethereum, Liew points out it’s currently valued at just a fraction of bitcoin’s market cap.

When citizens lack faith in their currency, cryptocurrency soarsm says Jeremy Liew of Lightspeed Ventures.
Continue reading “The first investor in Snapchat explains why the bitcoin rally is just getting started”

The first investor in Snapchat explains why the bitcoin rally is just getting started

The first investor in Snapchat explains why the bitcoin rally is just getting started #wlst

  • Uncertainty about governments could make cryptocurrency like bitcoin an even more in-demand commodity, said Lightspeed Venture Partners partner Jeremy Liew.
  • “Bitcoin and the other digital currencies, they all really see a lot of benefit in times of political and economic instability,” Liew said to CNBC.
  • Lightspeed co-led the first venture round in Blockchain, a bitcoin wallet, in October 2014.
  • Liew said in parts of the Middle East, Africa, South America and Eastern Europe, concerns over the government being overthrown or persistent long-term currency inflation have been driving bitcoin’s increasing valuation.
  • While there are other cryptocurrencies like ethereum, Liew points out it’s currently valued at just a fraction of bitcoin’s market cap.

When citizens lack faith in their currency, cryptocurrency soarsm says Jeremy Liew of Lightspeed Ventures.
Continue reading “The first investor in Snapchat explains why the bitcoin rally is just getting started”

The first investor in Snapchat explains why the bitcoin rally is just getting started

  • Uncertainty about governments could make cryptocurrency like bitcoin an even more in-demand commodity, said Lightspeed Venture Partners partner Jeremy Liew.
  • “Bitcoin and the other digital currencies, they all really see a lot of benefit in times of political and economic instability,” Liew said to CNBC.
  • Lightspeed co-led the first venture round in Blockchain, a bitcoin wallet, in October 2014.
  • Liew said in parts of the Middle East, Africa, South America and Eastern Europe, concerns over the government being overthrown or persistent long-term currency inflation have been driving bitcoin’s increasing valuation.
  • While there are other cryptocurrencies like ethereum, Liew points out it’s currently valued at just a fraction of bitcoin’s market cap.

When citizens lack faith in their currency, cryptocurrency soarsm says Jeremy Liew of Lightspeed Ventures.
Continue reading “The first investor in Snapchat explains why the bitcoin rally is just getting started”

US heading for recession after 2 years of unsustainable growth, economist says

US heading for recession after 2 years of unsustainable growth, economist says #Bitcoin

  • The U.S. is headed for a recession in the next two years as excessive fiscal stimulus from the President Donald Trump administration takes the economy into unsustainable territory, Adam Posen, president of the Peterson Institute for International Economics, told CNBC Tuesday.
  • Posen, who served at the Federal Reserve Bank of New York in the mid-90s, said that GDP (gross domestic product) growth targets of 3 percent or more are unobtainable given current productivity and employment rates in the U.S. Add to that intended tax cuts and financial deregulation under Trump and the country will find itself trapped in a boom-bust cycle, Posen said.
  • “The work force is only growing at 0.5 percent and productivity’s at 1 percent so it can’t reach these 3-4 percent growth targets.
  • If unemployment is, unfortunately, about as low as it’s going to go, you can’t pick this up,” he told CNBC Tuesday.

The U.S. is headed for a recession in the next two years as excessive fiscal stimulus takes the economy into unsustainable territory, says economist.
Continue reading “US heading for recession after 2 years of unsustainable growth, economist says”