4 Risks Bitcoin Must Overcome – Yahoo Finance
NYPB&T and its affiliate companies will join the GBI platform in order to offer its wealth management and banking clients access to physical precious metals through GBI’s platform. “The GBI family is excited by its partnership with NYPB&T,” said Steven Feldman, GBI’s co-founder and CEO. “The visionary thinking that Howard Milstein and New York Private Bank & Trust are known for will be a very valuable asset to GBI as it further expands its existing platforms and enables its sophisticated precious metals business to be utilized by far more market participants.” “We believe our relationship with GBI will enable our clients to have a robust opportunity to invest in gold and other precious metals that have been a store of value for thousands of years,” said Howard Milstein, New York Private Bank & Trust Chairman, President and CEO.
The labels were successful in bankrupting the investor-financed company, but they were unsuccessful in stopping the file-sharing technology. Banks and regulators will discover the same thing. Digital cash cannot be regulated out of existence — it is too useful. It can only be pushed underground and prevented from benefiting law-abiding citizens. However, this creates massive risk for investors. Just like with Napster, if bitcoin is put under onerous regulations like those proposed in New York, bitcoin investors will incur heavy losses. Better Technology Things move fast in the technology space There are already hundreds of bitcoin competitors.
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