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Should I buy bitcoin?
āTo the extent it is used I fear itās often for illicit finance. Itās an extremely inefficient way of conducting transactions, and the amount of energy thatās consumed in processing those transactions is staggering,ā the former Fed chairwoman said. Yellenās comments have been cited as a reason for bitcoinās recent losses. However, Yellenās assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at ā¹43,559 crore at the end of March 2021 compared to the companyās market capitalisation of ā¹44,447 crore.
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