“Crypto prices soar on support for depositors” (FT) Bitcoin and ether jump 20% in the last three days after US authorities intervene I’ve said it before and I’ll say it again. Crypto is a “luxury,” long-term financial intermediation project which may or may not succeed. It comoves with the market, stability, low interest rates, and
The post Not your grandfather’s crypto? appeared first on Marginal REVOLUTION.
“Crypto prices soar on support for depositors” (FT)
Bitcoin and ether jump 20% in the last three days after US authorities intervene
I’ve said it before and I’ll say it again. Crypto is a “luxury,” long-term financial intermediation project which may or may not succeed. It comoves with the market, stability, low interest rates, and long time horizons. It is not a potential substitute for fiat currency.
The post Not your grandfather’s crypto? appeared first on Marginal REVOLUTION.
Economics