BC Business
Even more than stock markets, bitcoin's value is in a swoon. And along comes the chief economist and strategist from index investing giant Vanguard to make the claim that there's a "decent probability that its price goes to zero." Joe Davis bases his claim, paradoxically, on the bright future of blockchain technology...
Even more than stock markets, bitcoin’s value is in a swoon. And along comes the chief economist and strategist from index investing giant Vanguard to make the claim that there’s a “decent probability that its price goes to zero.” Joe Davis bases his claim, paradoxically, on the bright future of blockchain technology (the principle behind bitcoin), which could make possible government-backed blockchain dollars that would eclipse other cryptocurrencies.