Larisa Yarovaya, Deputy Head of the Centre for Digital Finance, Lecturer in Finance, University of Southampton. ____ GameStop shares have gone soaring again. The Texan computer games retail chain at the heart of the stock market drama at the end of January surged from USD 44 to a high of around USD 200 on February…
Read more
Charlie Morris is the founder and Chief Investment Officer of crypto-asset data provider ByteTree Asset Management. ____ I want to re-examine the current macroeconomic environment and how it impacts the Bitcoin (BTC) price. It has been a rough week so far, but one thing I can be sure of is that Bitcoin loves hard-on macroeconomic…
Read more
Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund’s (IMF) Monetary and Capital Markets Department. Tommaso Mancini-Griffoli is a Deputy Division Chief in the same Department. ___ We value innovation and diversity—including in money. On the same day, we might pay by swiping a card, waving a phone, or clicking a…
Read more
Gavin Brown, Associate Professor in Financial Technology, University of Liverpool. ______ After Tesla announced it has invested USD 1.5bn in bitcoin and expects to start accepting the cryptocurrency as a payment for its electric vehicles in the near future, the bitcoin price went soaring. It went from around USD 39,400 to an all-time high of…
Read more
Xuehui Han is an Economist in the International Monetary Fund (IMF)’s Fiscal Affairs Department. Paulo Medas is Deputy Division Chief in the same department, while Susan Yang is a senior economist in the department. _____ Many countries entered the pandemic with elevated debt levels. Our new update of the IMF’s Global Debt Database shows that…
Read more
Andrea Baronchelli, Associate Professor, Department of Mathematics, City, University of London. ______ From Washington DC to Wall Street, 2021 has already seen online groups causing major organised offline disruption. Some of it has been in violation of national laws, some in violation of internet platforms’ terms of service. When these groups are seen to cause…
Read more
Philip Gradwell is Chief Economist at Chainalysis. He provides data and insight on the uses of cryptocurrencies and the direction of the market at markets.chainalysis.com. ______ On 8 February, Tesla disclosed in an SEC filing that it had “invested an aggregate USD 1.50 billion in bitcoin” following the meeting of its Audit Committee in January…
Read more
Pierre-Yann Dolbec, Assistant professor in marketing and Research Chair in Complexity and Markets, Concordia University. __ If the financial world follows the pattern seen a decade or so ago in other markets, such as fashion and music, Reddit’s WallStreetBets (r/wallstreetbets) phenomenon might have transformed investing forever. In the fashion, financial and music Read more »Pay,…
Read more
Mohammad Rajjaque, Program Director, Accounting and Financial Management Division, University of Sheffield. ____ I joined the WallStreetBets forum on Reddit almost two years ago. But I was far from the image of the typical “bored, young Reddit trader” that has been portrayed in the media lately. I had worked in banking, and been a retail…
Read more
Source: Twitter/@elonmusk Jason Potts, Professor of Economics, RMIT University, Chris Berg, Senior Research Fellow and Co-Director, RMIT Blockchain Innovation Hub, RMIT University. ______ One of the most difficult problems in finance right now is figuring out the fundamental economic value of cryptocurrencies. And the past week has complicated this further. For many cryptocurrency investors, Read…
Read more
