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Bitcoin ponzi generates ponzi research


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See the latest Australian dollar analysis here:
Last night Bitcoin bounce was triggered by a new Bitcoin report by Citi. The report was written for (and by?) children under the age of six. FTAlphaville does a good job of dismembering it:
On Monday one of the world’s top investment banks, Citi, put out a report called “BITCOIN: At the Tipping Point”, which has been causing quite a stir across the crypto-net and beyond. “Absolutely fantastic birds eye view of the bitcoin phenomenon from Citi,” tweeted crypto VC Nic Carter. “It’s incredibly well done and very fair. Highly recommend giving this one a read”. ....

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Bitcoin rises 8pc after Citi backing


Bitcoin rises 8pc after Citi backing
Michael Cogley, James Cook, Laurence Dodds
© Provided by The Telegraph
Bitcoin - AFP
The price of Bitcoin has risen as much as 8.2pc following a Citi report that suggested the cryptocurrency could play a major role in the global financial system
Bitcoin could become “the currency of choice for international trade,” a paper published by the investment bank’s Global Perspectives & Solutions group said.
It added that Bitcoin could experience a “massive transformation” that catapults it into mainstream usage.That sent the price of the digital asset rising on Monday, with a single Bitcoin trading as high as $48,500 (£34,800). ....

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2020 Lessons, 2021 Priorities


2020 Lessons, 2021 Priorities
this post authored by Mary C. Daly
What lessons should we take from a difficult year - and what should our priorities be for 2021? Overcoming the harsh and uneven economic impacts of COVID-19 and returning to full employment and sustainable 2% inflation will be the Federal Reserve’s chief concerns. But success will require us to have confidence in the power of our tools.
The following is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the Arizona State University Economic Forecast Luncheon on December 1.
Hello everyone. It’s safe to say that 2020 has been a year to remember. Twelve months ago, we were in the midst of the longest economic expansion in U.S. history. Unemployment sat near historic lows, wages and incomes were rising, and inflation was moving gradually back toward our 2% target. ....

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