Now that the Bitcoin has reached 10k dollar. Speculation regarding its futures are reaching a climax. Some sees it at 1 million dollar like John Mcafee who in a tweet declared that he was increasing its forecast on the digital currency. Some other like Jamie Dimon said “Bitcoin was a fraud”, forgetting that JP Morgan was involved in the Libor scandal.
Others are also very suspicious like the 2014 Nobel Prize, Jean Tirole, who is concerned about the possible financial bubble that Bitcoin represents. Unfortunately we did not hear him yet about the massive debt from G10 countries. He then added that he is afraid that money is being privatised. We should recall that the Fed is a private bank that control the issuance of any dollar. Is there any reason to be afraid of the Fed in this case?
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