The Federal Reserve Bank of St Louis has published an examination of the long-term prospects for bitcoin price. It considers both the bullish and bearish cases of ‘moon’ and ‘doom’, and unsurprisingly comes down somewhere between the two. The Bear Necessities The naysayers believe that the price of bitcoin will ultimately fall to zero. They argue that with nothing backing the currency, it is fundamentally without value. For them, it is just a case ofRead MoreThe post St Louis Fed Explains Why Bitcoin Price ‘Not Likely to Fall to Zero’ appeared first on Bitcoinist.com.
