Wolf Rainer
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January 24, 2017, 05:57:20 AM

"Cryptocurrencies are here to stay given the history of booms and busts in fiat money and debt excesses. Bitcoin as the face of cryptocurrencies benefits from this chaos," Saxo Bank's global macro strategist, Kay Van Petersen, wrote. "Emerging market powers eager to move away from being tied to the monetary policy of the U.S. and the banking system as well as to adopt the block chain as a payment system prove willing adherents as they adjust to zero interest rates and the decrease in systematic risk."