The Moody’s Investors Service report shows the potential of Blockchain with cost efficient transactions to challenge large banking systems such as Swiss banks which generate 50 percent of revenue from fees and commissions.
Sharmin Mossavar-Rahmani, the chief investment officer of Goldman Sachs, has stated in an interview that digital currencies are in a bubble, and if this bubble bursts, it will impact only one percent of global GDP.
Bitcoin has been criticized and given different names with come countries banning the digital currency but Japan legalized the currency and its reaping big
Saudi Arabia's richest Prince has been arrested due to corruption-related issues. This has given a boost to Bitcoin growth in the country since he always publicly criticized it.
It is widely proclaimed that Bitcoin holders are associative of the Free Money, but this time the tides have changed. Indian government is on the verge of injecting $32bln dollars into its banking sector.