Monetary Authority of S’pore issues bitcoin warning
After warning issued from China, India , Malaysia , Thailand Central bankers , many monetary regulatory seems 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 continue to grow at "exponential " rate before it collapse. This could be seen from the total market cap for Bit-coin which is around USD290 BIL ( at supply of close to 16 mil ) , can you imagine if the the total supply achieve 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 regulatory and the huge RETURN expected has outweigh the RISK they perceived.
I am sure the market cap of Bit-coin may surpass GDP of Singapore soon !! Hurray !!
PS : My previous blogpost about Bit-coin (here ) and ( here )