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The Future of Payments: Series 2 Part III. Bitcoins: Can the Tinkerbell Effect Become a Self-Fulfilling Prophe
Bitcoin’s market cap of $1 trillion makes it too important to ignore.
Bitcoin’s market cap of $1 trillion makes it too important to ignore. Big players who buy and sell bitcoins have considerable market-moving power. As long as asset managers and companies continue to enter the market, Bitcoin prices could continue to rise. But bitcoin transactions and tradability are still limited. And the real debate is whether rising valuations alone can be reason enough for bitcoin to evolve into an asset class, or whether its illiquidity is an obstacle. Bitcoin’s value will continue to rise and fall depending on what people believe it is worth. This is sometimes called the Tinkerbell Effect — a recognised economic term stating that the more people believe in something, the likelier it is to happen. [more]
More documents contained in "Corporate Bank Research"
Being ‘asset-light’ has been Wall Street dogma for years. And no wonder. Over the last decade, US stocks with low levels of Property, Plant, and Equipment (PPE) have seen double the stock market returns of high PPE stocks. [more]
A year ago, we stated that: − Cryptocurrencies would become more mainstream. Both Facebook and PayPal will be adding cryptocurrency capability to their wallets early 2021. − Central bank digital currencies (CBDCs) will be widely discussed. [more]
Although the exit from lockdown is on the horizon, there are signs that the return of consumer demand may be slow. As such, many corporates face a staffing conundrum more difficult than that seen during the financial crisis. [more]
Just as the world has a debt problem, it also has a corporate tax problem. State finances are becoming increasingly precarious and yet while companies are in great shape, the tax rates they pay have steadily fallen over the last few decades. [more]