Yahoo just sold Tumblr at a 99% loss. CCN’s bitcoin skeptic thinks the same thing will happen to bitcoin. Source: Shutterstock By CCN Markets: What do Tumblr and bitcoin have in common? Here’s a hint. How many times have we seen a gigantic cash-stuffed company buyout some social media platform for an enormous sum of…
Bitcoiners claim that BTC is a store of value, but it doesn’t meet the requirements, according to one fund manager. Source: ShutterstockAs the resident bitcoin skeptic at CCN.com, it’s my job to make logical and reasoned arguments against holding bitcoin. Today I argue that bitcoin is not a store of value as some claim, and…
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.…
