Tag Archives: currency

Bitcoin looks more like gold than a currency

In the seven months since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago: So what does the future hold for the world’s first and still most famous cryptocurrency? I see three basic scenarios: No. 1. Bitcoin Triumph: Bitcoin replaces the dollar (and probably other… Read More »

Ford braced for $600 million Brexit currency hit

Ford’s (F.N) 2017 earnings will be hit by a delayed currency impact of at least $600 million (478 million pounds) from Britain’s vote to leave the European Union, the U.S. carmaker told Reuters, putting last year’s record European profit levels beyond reach. The company will no longer benefit from currency hedges that had been shielding it from the… Read More »