Former Obama Advisor Larry Summers to Critics: Don't 'Write Off' Bitcoin

Former Obama Advisor Larry Summers to Critics: Don't 'Write Off' Bitcoin

Former Secretary of the US Treasury, World Bank chief economist and Obama administration economic advisor Larry Summers has weighed in on the subject of digital currency in a new interview with The Wall Street Journal. Though Summers didn't take a definitive stance on bitcoin, he did caution critics not to dismiss new and potentially disruptive technologies. The former Harvard University president told the journal: "I'm not ready to stand with those who are sure they have seen the future here, but it seems to me that it's a serious mistake to write this off as either ill-conceived or....


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