ANU Economics Professor Believes Bitcoin Technology to Replace Cash in Ten Years
The constantly growing Bitcoin technology could replace cash in Australia within a decade, believes Professor Rabee Tourky, the Director of Research School of Economics at Australian National University. As per his prediction, the Australian government could one day start minting its own digital currency in this ever-growing digital world. "In 10 years' time there won't be any paper cash," the economist said. "The big question is what's going to replace it in Australia? Will it be Bitcoin? I don't think so. More likely it will be 'AusBit', an Australian government issued digital cash."....
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Harvard Professor of Economics and former Chief Economist at the International Monetary Fund (IMF) Kenneth Rogoff believes that governments will not allow bitcoin to flourish on a large scale. “The regulation will come in. The government will win,” he said. The professor also discussed the likelihood of a bitcoin bubble. Harvard Professor Warns of Strict Crypto Regulation Harvard University Professor Kenneth Rogoff shared some thoughts about bitcoin regulation during an interview on Bloomberg Surveillance last week. Rogoff is the Thomas D. Cabot Professor of Public Policy and a....
A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.”
Economics Professor Doubts Future of Bitcoin, Praises Defi
Eswar Prasad, professor of economics at Cornell University, talked about bitcoin, cryptocurrencies, blockchain technology, decentralized finance (defi), and central bank digital currencies in a recent....
Cornell University professor of economics and former head of the IMF’s China division, Eswar Prasad, sees three major flaws in bitcoin. Because of these flaws, the professor says that “bitcoin really has set off something of a search for a better alternative.” Cornell University’s Professor of Economics Outlines Bitcoin’s Flaws Cornell economics professor Eswar Prasad talked about bitcoin’s flaws in an interview with CNBC Thursday. Prasad is the Nandlal P. Tolani Senior Professor of Trade Policy and professor of economics at the Charles H. Dyson School....
Tyler Cowen, an economist and professor at George Mason University, has suggested that the key use cases of cryptocurrencies are mutually exclusive. He argues that cryptos can either be important inflation hedging tools or useful forms of payment but not both. The Regulation Threat The professor adds that despite the popular assertions by some that bitcoin will replace the U.S. dollar as the world’s reserve currency, the digital asset remains too volatile to serve this purpose. Writing in an opinion piece, the economist concedes that “there is a demand for a non-intermediated,....
I had the chance to interview a professor of economics and CEO of an international investment group. As requested, the interviewee’s name will not be published. Instead, the interviewee is referred to as “Chris” in this article. Sergio: Have you heard about Bitcoin and what are your thoughts when you hear people talking about Bitcoin? Chris: I came into contact with this Bitcoin and altcoins during the many investment requests we received over the years. From the ludicrous to the more serious, but most of them just fail in convincing most of us. The concept of the blockchain and the....