Bitcoin has been a controversial topic among investors and financial professionals for quite a while. However, recently, Jamie Dimon, CEO of JP Morgan Chase, made his stance very clear. Dimon said that if he found out a JPMorgan trader began trading in bitcoin, he would “fire them in a second.” Why? “It’s against our rules, and they’re stupid.” He also suggested that central banks view bitcoin as a novelty.
Back in May, the R Squared team launched a blog series about satellite technology and its impact on the investing world. If you missed Part I or Part II, you can read those blogs here:
For Part III, we’re going to take a look at more ways the small satellite (smallsat) industry could change how investors allocate funds.
Recently, the AIAA/USU Conference on Small Satellites took place in Logan, Utah. Attendance this year was around 2,550 participants—up from 900 in 2007. One of the conference presenters was Ursa Space Systems, a company that “delivers global economic insights to energy and financial enterprises, providing a reliable information source about areas of the world that are traditionally opaque.” More specifically, Ursa is able to offer estimates of oil inventories in China.
Experts are more bullish on the Chinese Economy growth and have raised their 2016 GDP Growth forecasts to 6.7% from 6.5% in September. However, increasing curbs and capital controls in an attempt to cool the economy and speculative investments might actually increase the chances of a financial bubble.