Bitcoin Needs Inflation to Work as Money, Says Professor
Satoshi Nakamoto would probably have built inflation into the Bitcoin protocol to avoid mining centralization – if he could start over again – says a professor known for his controversial Bitcoin statements. Inflation for Bitcoin? Brazilian computer science professor Jorge Stolfi wrote in a Reddit thread that a small amount of built-in inflation would....
Related News
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials.
Finance Professor on Bitcoin and Inflation
Wharton’s finance professor Jeremy Siegel shared his outlook for various markets that he believes investors should have exposure to this year in an interview with CNBC Friday.
Siegel is Russell E. Palmer Professor Emeritus of Finance at Wharton School, University of Pennsylvania. His....
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,....
A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar.
Finance Professor Urges the Fed to Take Action to Defend the U.S. Dollar
Wharton’s finance professor Jeremy Siegel shared his view on inflation, “bitcoin taking over,” and the need for the Federal Reserve to defend the U.S. dollar in an interview with CNBC Friday.
Siegel is....
A British business school professor believes Bitcoin needs to go on a charm offensive to win over worried national regulators. Professor of Practice at Warwick Business School Jon Rushman said Bitcoin could have a permanent role amongst world currencies but only if it wins over regulators. Rushman told HedgeWeek: "Bitcoin needs to work harder on explaining its philosophy and on regulation, they need to do a bit of a charm offensive with the regulators and make them comfortable with it while being true to their principles." The prof, a former MD at BlackRock, said it was possible to imagine....
Kenneth Rogoff, the professor of Economics at Harvard, writing in Financial Times, poses the question "Is it time to consider the phasing out of paper money?" Kenneth Rogoff is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard. Any opinion expressed by Rogoff has to be taken extremely seriously as from 2001-2003, he served as Chief Economist and Director of Research at the International Monetary Fund. Rogoff's treatise Foundations of International Macroeconomics (joint with Maurice Obstfeld) is the standard graduate text in the field worldwide, and his....