The CEO of BlackRock has made the claim that the only reason bitcoin has become so successful is because of its anonymous nature.
Larry Fink, CEO of BlackRock, an American global investment management corporation, said earlier this week that the digital currency remains a ‘speculative’ asset and that it’s a currency that people use for money laundering, reports the South China Morning Post. Speaking at a 2018 Global Investment Outlook Summit, Fink said:
The reason why it does so well is it is anonymous. It’s anonymous, and it’s cross-border. If you legitimise it, you know who your counterparties are … the question is how many people will use it if you have to acknowledge you are a buyer or a seller.
However, while Fink claims that the digital currency is anonymous, this is far from true. At the best of times it can be considered as pseudonymous. This is certainly the thinking of Princeton University researchers who have found that it’s possible to uncover a user’s identity on the blockchain.
In an August report, the researchers said in a note that:
Based on tracking cookies, the transaction can be linked to the user’s activities across the web. And based on well-known bitcoin address clustering techniques, it can be linked to their other bitcoin transactions.
While the digital currency may have been touted as a currency that promised full anonymity to a user in the early days of its existence, that’s no longer the case. So much so, that criminals are turning their attention to other cryptocurrencies for greater anonymity such as monero and dash, according to a U.S. Homeland Security official.
The official said:
What the criminals are starting to see, and some of the trends we’re picking up as well, is that bitcoin also works equally just as much against you as it does for you.
Fink also believes that investors should be focused on traditional investment options such as stocks and bonds rather than the cryptocurrency market. According to him, the world’s economies are enjoying ‘synchronised growth’ for the first time since the financial crisis, adding that bitcoin is ‘is tiny in the scheme of financial markets.’
I don’t know why it has so much fascination for the press.
Despite the fact that bitcoin saw a 29 percent drop over the weekend when it dropped from a record high of $7,800 to $5,500, it is steadily climbing back up in value. At the time of publishing, it is trading at over $7,200, helping to push the combined market value up to $219.1 billion, according to CoinMarketCap.
Supplier sch 40 Supplier sch 40 Supplier Plat kapal besi baja bki krakatau steel Supplier besi Pipa sch 80 baja jual hp asus murah jual hp asus murah Supplier besi beton Sni Ulir Polos undangan pernikahan ala jepang Pabrik Besi Pipa Baja Schedule 40 Toko Besi Unp Baja Supplier besi wf jual laptop asus jual laptop asus jual laptop asus murah jual laptop asus murah www.jualbesibajamurah.com Toko sch 40 Toko sch 40 Supplier besi sikuToko besi Pipa sch 80 baja Supplier besi wf baja undangan pernikahan islami Pabrik Pipa Besi Hitam Medium Jual Besi Unp Baja Toko besi wf Distributor besi beton Sni Ulir Polos polos ulir Agen sch 40 Agen sch 40 Supplier pipa besi baja sch 40 sch 80 Agen besi Pipa sch 80 baja Supplier besi unp undangan pernikahan ada fotonya Pabrik Besi Wf Harga Besi Unp Baja Agen besi wf Distributor besi beton sii Pabrik sch 40 Pabrik sch 40 Supplier Plat besi Pabrik besi Pipa sch 80 baja Supplier besi siku undangan pernikahan simpleundangan pernikahan ala india Pabrik Besi H beam Pabrik Besi Unp Baja Pabrik besi wfDistributor besi beton psi Ulir Polos Distributor besi Pipa sch 80 baja Distributor besi Pipa sch 80 baja Supplier besi h beam Distributor Plat Bordes Supplier Plat besi plat kapalundangan pernikahan Pabrik Besi Beton Distributor Besi Cnp Baja Distributor Besi BetonDistributor besi beton perwira Harga besi Pipa sch 80 baja Harga besi Pipa sch 80 bajaSupplier besi wf Harga Plat Bordes Supplier besi h beam baja undangan pernikahan simple www.sentrabesibaja.com Supplier Besi Cnp Baja Harga Besi Beton Distributor besi beton PAS Jual besi Pipa sch 80 baja Jual besi Pipa sch 80 baja Supplier wiremesh Jual Plat Bordes Supplier besi cnp undangan pernikahan bermanfaat Distributor Welded Beam T beam King Queen Cross Castellated Beam Agen Besi Cnp Baja Jual Besi BetonDistributor besi beton master steel ms Supplier besi Pipa sch 80 baja Supplier besi Pipa sch 80 baja Supplier besi unp Supplier Plat Bordes www.gudangbesibaja.com undangan pernikahan islami Distributor Bondek Cor Toko Besi Cnp Baja Supplier Besi BetonDistributor besi beton ksty Toko besi Pipa sch 80 baja Toko besi Pipa sch 80 bajaSupplier besi cnp Toko Plat Bordes Pabrik besi Wf Baja undangan pernikahan amplop surat Distributor Atap Spandek Sni Jual Besi Cnp Baja Toko Besi Beton Distributor besi beton krakatau steel Agen besi Pipa sch 80 baja Agen besi Pipa sch 80 baja Supplier besi hollow Agen Plat Bordes Pabrik bondek undangan pernikahan bentuk dompet Distributor Plat Bordes Kembang Harga Besi Cnp Baja Agen Besi Beton Distributor besi beton jcacPabrik besi Pipa sch 80 baja Pabrik besi Pipa sch 80 baja Supplier besi beton Sni Ulir Polos Pabrik Plat Bordes Pabrik wiremesh undangan pernikahan chinese Distributor Plat Besi Hitam Pabrik Besi Cnp Baja Pabrik Besi Beton Distributor besi beton interworld steel is Distributor Plat Bordes Distributor Plat Bordes ironsteelcenter.com Distributor Wiremesh Besi Pabrik pipa besi baja sch 40 sch 80 undangan pernikahan lucu Distributor Plat Kapal Bki Krakatau Steel Distributor Besi Hollow Baja Distributor besi hollowDistributor besi beton gunung garuda Harga Plat Bordes Harga Plat Bordes Pabrik stainless steel Harga Wiremesh Besi Pabrik besi hollow undangan pernikahan bagusDistributor Jual Besi Siku Baja Supplier Besi Hollow Baja Harga besi hollow Distributor besi beton delcoprima Jual Plat Bordes Jual Plat Bordes Pabrik atap spandek Jual Wiremesh Besi Pabrik besi beton Sni Ulir Polos undangan pernikahan bahasa inggris islam Distributor Besi Unp Baja Profil Kanal Agen Besi Hollow Baja Jual besi hollowDistributor besi beton cakra steel cs Supplier Plat Bordes Supplier Plat Bordes Pabrik baja ringan Supplier Wiremesh Besi Pabrik besi wf baja undangan pernikahan contohDistributor Besi Cnp Profil Baja Gording Toko Besi Hollow Baja undangan pernikahanlink6