Monetary Authority of S’pore issues bitcoin warning
After warning issued from China, India, Malaysia, Thailand Central bankers, many monetary regulatory seems to follow suit and came forward to warn the RISK of investing in Bit-Coin....as it may turn out to become a "systematic risk" which really can create "chaos and havoc " to the financial market/system if it continues to grow at "exponential " rate before it collapses. This could be seen from the total market cap for Bit-coin which is around USD290 BIL ( at the supply of close to 16 mils) , can you imagine if the total supply achieves the full amount of 21 MIL, and if the price hit USD50,000, what will be the total market cap of Bit-coin?
As mentioned, in most of the case people may just ignore the warning from these regulations and the huge RETURN expected has outweighed the RISK they perceived.
I am sure the market cap of Bit-coin may surpass the GDP of Singapore soon !! Hurray !!
PS: My previous blog post about Bit-coin (here ) and ( here )