Nobel laureate economist predicts full collapse of bitcoin.
A US economist who won the Nobel Prize in Economics warned of the complete collapse of the digital currency of Bitcoin.
Professor Robert Schiller said in an interview Friday night with CNBC that the volatility of the price of this coded currency is similar to the so-called "madness of the tulip" or "mania lavender", an economic term refers to a large bubble in the Netherlands between 1636 and 1637 When the price of tulip rose from tulips to unprecedented levels and then abruptly collapsed, causing a severe economic crisis.
Professor Schiller stressed that if the currency had lasted for 100 years, it would still be at risk of collapse in the end because it is not as reliable as any other currency or gold. It can not be used in practice and will have no value unless it is internationally agreed upon.
In December, the currency of Citavin jumped unexpectedly to $ 20,000, falling suddenly to a low of around $ 10,000.
Professor Schiller, an economist at Yale University, won the Nobel Prize in Economics for 2013 for his contribution to improving long-term asset price expectations and helping him emerge from stock market indexes. He also gained additional fame after the publication of his book "The irrational abundance", in which he explained the process of economic bubbles.
The price of the digital currency Bitcoin fell to less than $ 10 thousand dollars for the first time, last Wednesday, before returning and rising above $ 11 thousand at the end of the week, which is equivalent to nearly half of the highest price in December last year.
According to the newspaper "Daily Telegraph" British, was traded at the PetequinBitcoin
South Korea is also considering measures to regulate digital currency trading, a major market for those currencies, as China seeks to ban dealing with Bitcoin and other currencies, and seeks to impose more stringent measures that will affect the currency dealers.
In mid-December, the EU decided to impose strict anti-money-laundering and terrorist-financing rules on the Pete-Kaufen trading platform and other digital currencies as part of a package to tackle financial crimes and tax evasion.
European Union lawmakers also backed tougher controls on prepaid cards and increased transparency requirements for holders of deposit and credit management funds, Reuters reported.
"This agreement will bring more transparency to improve the prevention of money laundering and to cut off terrorist financing," said European Justice Commissioner Vera Yorova.
The head of the European Securities and Exchange Commission, Stephen Major, warned that investing in electronic currency offerings could result in loss of one's entire investment. The People's Bank of China (PBOC) deputy governor, Jung Sheng, said the authorities should ban central trading on virtual currencies, individuals and companies providing services related to the activity.
In December, the new Arab published a report on the intention of the European Commission and the British government to work together to take legislative measures to monitor the circulation of the currency of Kuwait and other digital currencies, which operated the world, while providing information on the use of digital currency to evade taxes and use By organized crime gangs in money laundering.
The Treasury Department also plans to issue legislation for the currency of the currency and other digital currencies, so that the procedures of dealing with the laws to combat the financing of terrorism and money laundering.
To date, governments have been unable to obtain detailed information about the figures invested in the currency of Citéen or its sisters, which have spread over recent years to more than 100 digital currencies. Virtual currencies have no serial number and are not under the control of governments and central banks, Just over the Internet, without having a physical presence.