The sky’s the limit on prices for digital currencies such as ether, dogecoin, and the most popularly traded one, bitcoin.
“It’s impossible to know for sure” what’s behind the latest mania in e-coins, says Ravi Sarathy, a professor of international business and strategy at Northeastern.
Right, Ravi Sarathy is a professor of international business and strategy, also in the D’Amore-McKim School of Business.
Big tech companies like Facebook and Google manufacture relatively few, if any, physical products.
The digital ledger underlying bitcoin and other digital currencies, also known as e-currencies, can also be used in a variety of other applications, including banking, finance, identity verification, and supply-chain tracking.
Dogecoin, created in 2013 as a parody of the cryptocurrency frenzy, has surged to record highs, reaching 45 cents in mid-April, up from less than 1 cent to start the year.
Cryptocurrencies are notoriously volatile, which makes it difficult for most investors to see them as real currencies.
Born has been teaching about investments since 1999, when tech companies were going public at a rapid rate and saw massive valuations despite a lack of tangible assets.
That doesn’t mean the e-coins lack perceived value to investors, counters Sarathy.
And, Sarathy points out, money is traditionally used to exchange goods for cash.
But that’s changing.
We plan to expand into more markets in the future,” the company says on its website.
Communities and nations that are welcoming to immigrants are more likely to realize the benefits of immigration, says Luis Dau, a Northeastern professor of international business and strategy.
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