This week’s three top stories summarized in one short article:
Is Bitcoin worthless?
Bitcoin has no fundamental worth and will, therefore, perform worse than other assets. This strong statement was made by Capital Economics, a London-based macroeconomic research company. A ban on advertising contributes to the downfall of the world’s most popular crypto.
Looming trade war
The World War III is about to break out, but not in the way you might think. According to the analysts, we are very likely to witness a major trade conflict between the United States and China, the world’s two most powerful economies. Other countries may be forced to pick a side amid the ensuing confrontation.
Spotify ICO
Spotify, a Stockholm-based music, podcast and video streaming service, has finally gone public this Monday. The reference price, set by the New York Stock Exchange, was equal to $132. As of today, its shares are traded at around $146. Future price performance of SPOT shares is hard to predict.
