Bitcoin Investment by government - Class Presentation
First of all, I really enjoyed the presentation by Tan Jia Yi and Cheng Xin Ying. Before I listened to their presentation, I do not have deep knowledge about Bitcoin. This is the reason why I quite excited about their presentation, I wish to know more about this "mysterious" currency. Their presentation never disappoint me. Their presentation are clear and full of information. From their presentation, I was able to understand how to mine the bitcoin, how bitcoin treat as a commodity or a currency, and advantage or disadvantage of bitcoin.
Secondly, they were able to handle the Q&A session very well. They are able to answer most of the audience's questions with confidence. Even if they do not sure about their answer, they will discuss with each other and provide an answer. Their Q&A session show their deep knowledge about this topic. They even checked the price of the bitcoin before they present their research, this shows that they were well-prepared for this presentation.
Thirdly, not only they showed knowledge about bitcoin, they also able to link this topic to the related field such as financial market, macroeconomic and international finance. They did an excellence job to apply the knowledge they learned in lecture and apply it on this topic. Overall, I think their presentation is very good, and their are alot of things i can learned from their presentation.
Talk about Bitcoin. I think that Bitcoin is a very complex currency. It is true that bitcoin can used as a currency or a commodity, but still, bitcoin lack of the characteristics of a real currency. Bitcoin is not issued by a government, it has no guarantee of its value in some way. The value of bitcoin currency depends on how much the investor or buyer willing to pay for it. It do not fulfill the economy theory. According to economy theory, The 3 main objective of a currency is functions as a medium of exchange, a unit of account, and store of value. A bitcoin currency do not store a value because this cryptocurrency do not governed by any party. This cause the high volatility of bitcoin price, and make it one of the riskiest asset to keep. Therefore, central bank or government should not invest in bitcoin. The role of central bank is not to speculate the risk, but to hedge the risk.
Secondly, they were able to handle the Q&A session very well. They are able to answer most of the audience's questions with confidence. Even if they do not sure about their answer, they will discuss with each other and provide an answer. Their Q&A session show their deep knowledge about this topic. They even checked the price of the bitcoin before they present their research, this shows that they were well-prepared for this presentation.
Thirdly, not only they showed knowledge about bitcoin, they also able to link this topic to the related field such as financial market, macroeconomic and international finance. They did an excellence job to apply the knowledge they learned in lecture and apply it on this topic. Overall, I think their presentation is very good, and their are alot of things i can learned from their presentation.
Talk about Bitcoin. I think that Bitcoin is a very complex currency. It is true that bitcoin can used as a currency or a commodity, but still, bitcoin lack of the characteristics of a real currency. Bitcoin is not issued by a government, it has no guarantee of its value in some way. The value of bitcoin currency depends on how much the investor or buyer willing to pay for it. It do not fulfill the economy theory. According to economy theory, The 3 main objective of a currency is functions as a medium of exchange, a unit of account, and store of value. A bitcoin currency do not store a value because this cryptocurrency do not governed by any party. This cause the high volatility of bitcoin price, and make it one of the riskiest asset to keep. Therefore, central bank or government should not invest in bitcoin. The role of central bank is not to speculate the risk, but to hedge the risk.
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