Category: Skeptic

The Bitcoin Skeptic: Bitcoin Isn’t a Hedge for Anything
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The Bitcoin Skeptic: Bitcoin Isn’t a Hedge for Anything

Bitcoin is not a hedge for anything because its volatility actually adds risk to every single scenario a portfolio manager can create. | Source: ShutterstockBy CCN Markets: As the bitcoin skeptic here at CCN, my job is to provide counter-arguments to the bitcoin bulls.Today I’m going to debunk the claim that bitcoin is a hedge against…

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The Bitcoin Skeptic: Why Bitcoin Will Never Replace Fiat Currency
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The Bitcoin Skeptic: Why Bitcoin Will Never Replace Fiat Currency

Bitcoin price dipped under $10,000 while trading on Sunday. | Source: ShutterstockAs the resident bitcoin skeptic at CCN.com, today I’ll be looking at the myth that bitcoin will one day replace all fiat currencies.The Bull Fiat Currency Case for BitcoinThe bullish argument goes as follows: governments are increasing their borrowings to unprecedented and unsustainable levels.…

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