UBS’ Paul Donovan Claims Bitcoin Is in its Death Throes and Wants it “Buried”

In a scathing November 26, 2018, blog post titled “I come to bury Bitcoin, not to praise it,” UBS Group’s Global Chief Economist Paul Donovan has called for the end of the cryptocurrency bubble. Claiming that bitcoin is in its “death throes,” he attempted to reason that a loss of over 80 percent is “not healthy” for any economic asset. “Evil Cryptocurrency Bubble” Donovan said that economists have been predicting a massive collapse of this scale for years, and now it has finally happened. “The failure to balance supply and…

Bitcoin is on the Verge of Falling Apart, Says Paul Donovan

Paul Donovan recent bearish remarks for Bitcoin is an attempt to bury the top-ranking cryptocurrency for good. UBS Executive Sounds the Death Knell for Bitcoin According to CNBC, Paul Donovan, Chief Economist of UBS Global Wealth Management, stated that he didn’t have any praises for Bitcoin, instead, was ready to bury the number one virtual currency. The UBS executive also declared that it was time to discard digital currencies, as they were “nearing the end of the road.” The Chief Economist believes that the top cryptocurrency is on the verge…

UBS Executive Paul Donovan Blasts Bitcoin Again, States Cryptos Are ‘Fatally Flawed’

Swiss bank UBS’ Wealth Management Global Chief Economist and infamous Bitcoin skeptic Paul Donovan doubled down on his distrust of cryptocurrency Nov. 29, calling it “fundamentally flawed.” Speaking to CNBC’s Fast Money segment, Donovan, who earlier this week released an internal blog post titled “I come to bury Bitcoin, not to praise it,” repeated his criticism of the innovative financial instrument. “I think anyone with a high school education in economics has been a Bitcoin skeptic right from the start,” he told the network, adding: “These things were never going…

Ron Paul Poll: 50% Bullish On Bitcoin (BTC) As 10-Year Investment

Bitcoin (BTC) Wins Poll Against Gold, U.S. Bonds Ron Paul, a Pittsburgh, Pennsylvania native and retired politician, has long been a progressive leader on America’s political stage. Over the course of his stints as a presidential candidate and congressman, Paul hasn’t been afraid to speak out on controversial, yet pertinent issues, like gun reform and marijuana use. Interestingly, this ‘no-filter’ attitude has been reflected in his fiscal/economic beliefs as well, with Paul mentioning Bitcoin (BTC) in a positive context on a number of occasions. Most recently, on Thursday, Paul took to…

Paul Scholes, Former Manchester United Star, to Support Crypto Startup

Soccer Legends Limited, a Hong Kong-based startup, is aiming to integrate blockchain technology into soccer, the most popular sport in the world. The project is designed to “bridge the gap between soccer superstars, youth talents and fans.” Soccer fans can use the 433 Token to support a future superstar, interact with the most famous players and to influence important soccer-related decisions. According to the company, Paul Scholes (Manchester United legend 11-times English Premier League champion) and Andriy Shevchenko (AC Milan legend, UEFA Champions League Top Scorer, Ballon d’Or winner and…

Paul Wasensteiner: Why We Started the Bitcoin Cash Association

Paul Wasensteiner: Why We Started the Bitcoin Cash Association September 9, 2018 by Akane Yokoo Paul Wasensteiner is the founder and executive director of the Bitcoin Cash Association (BCA), an advocacy group formed to promote Bitcoin Cash (BCH) adoption. He shared his views with Bitsonline on why his group exists, and last year’s heated debate over the hard fork that created BCH. Watch the video interview below to hear the full story. Also see: Australian Corporate Regulator ASIC Takes a New Approach to Crypto Sector Subscribe to the Bitsonline YouTube channel for great…

Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse

Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, explains his position as a “crypto skeptic” by noting the high transaction costs and an “absence of tethering” associated with cryptocurrencies. Krugman describes how the history of money has been slowly moving away from gold and silver coins, to banknotes, and now to credit cards and other “digital methods,” all of which served…