Tagemerging markets

Tom Lee: Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging Markets

Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market and traditional assets like gold, has demonstrated a...

Global Economic Outlook: Asia and Emerging Markets Slowing Down

The New Normal continues as markets tentatively rebound from the mid-year shake-up. Investors remain on the lookout for profit and the mainstream media dubs August market declines as 'buying opportunities'. The global slowdown grinds down a gear as Asian production slumps again and emerging markets begin showing signs of market instability. This post is powered by the Bitcoin Trading Network xbt...

Bitcoin Growing Rapidly in Emerging Markets

Min-Si Wang is reporting on the growth of momentum in Bitcoin use within emergent markets. While the level of Bitcoin adoption has slowed somewhat within the developed world, it has gained significant momentum within developing countries. While the currency can be somewhat volatile in nature, particularly as an investment asset, it is seen as having considerable value as a means of payment and...

Turmoil in Ukraine Shows Bitcoin's Potential as a Global Currency

Ukraine ATMs Bitcoin

The current political and economic environment in Ukraine has led to credit downgrades for local banks, a currency devaluation, capital controls, and ATMs running out of cash. Before this article continues there is one thing that needs to be mentioned: Bitcoin users not affected. While Bitcoin obviously couldn't help when it comes to preventing the violence currently taking place on the streets...

The Investment Case for Bitcoin

Cryptocurrency Investment Club

2014 promises to be an interesting year. Legacy financial markets are off to a rocky start, with emerging markets tumbling as the Fed dials back Quantitative Easing. Meanwhile, the cryptocurrency economy continues to expand, its value stable and seemingly unaffected by the external turmoil. This report examines these two trends in greater detail, presenting an opportunity suggested by their...

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