Published by Philippe Herlin | Nov 28, 2019 | Articles 9826 The printing press never stops: in OECD countries, the balance sheet of central banks has risen from the equivalent of 10% of GDP in 2008 to more than 30% today, a threefold increase in ten years. The Federal Reserve stopped shrinking i It Makes Sense by Philippe Herlin The parabolic rise of bitcoin’s price ($100 this summer to almost $1,000 today), its growing adoption by businesses and the media hype surrounding it all point to a distrust in the overall banking system and paper money. It looks like a general rehearsal, on a very small scale, of what would happen with Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto The payments in the system are recorded in a public ledger using its own unit of account which is also called bitcoin Payments work peer-to-peer without a central repository or single administrator which has led the US Treasury to call bitcoin a — Philippe Herlin (@philippeherlin) 26 May 2016 Meanwhile, in Ghana, we reported on an announcement by a leading tech. company their, claiming they had opened Africa’s first Bitcoin mine. In the Phillipines the local Central Bank indicated its intention to increase controls over its banking system. Henry recently interviewed one of France's experts on cryptocurrencies, Philippe Herlin. Asked where the price of Bitcoin could go, Herlin replied: "What price will it eventually hit? Some say about €100,000 ($120,000). That would be a market worth just $2.5 trillion. Not much compared with other asset markets.
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