Published On: Fri, Feb 9th, 2018

Deutsche Bank Sends in the Bitcoin FUD-busters

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Sometimes it can feel as though everyone in the banking establishment hates us. But before we go and eat worms, let’s cast our eye over this very even-handed assessment of Bitcoin from an analyst at Deutsche Bank. (in German).
Opinions, Myths, and Misunderstandings
In a paper published last week, DB analyst Jochen Möbert cut straight through some of the key myths surrounding Bitcoin. But before we try to take the moral high-ground, we have to accept that rhetoric and hyperbole isn’t purely the domain of nasty anti-crypto establishment figures.
It is a sad fact of life that in 2018 almost every disagreement has become polarised beyond belief. It seems like anybody who doesn’t think like we do is pitted against us. We hide inside the cozy warmth of our echo-chambers, mocking any with a dissenting voice.
But as bitcoin evangelists, we are just as guilty of cherry-picking facts to prove our argument. We just as readily exaggerate the positives while downplaying, or even ignoring, the negatives.

Beware – Some of This Might Be Tough to Swallow
Myth 1 – Bitcoin is overvalued. In several hundred years of financial boom and …

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