SWIFT Institute Researchers: Bitcoin Doesn’t Pose Threat to Fiat Ecosystem

SWIFT Institute Researchers: Bitcoin Doesn’t Pose Threat to Fiat Ecosystem

A group of researchers from SWIFT institute have published a paper on the influence of Bitcoin and other digital currencies on fiat ecosystem. Is Bitcoin a threat to the traditional monetary system and financial institutions? A group of SWIFT Institute researchers refuse to believe so. A working paper titled “Virtual Currencies: Media of exchange or speculative asset?” published by Dirk G Baur, Kihoon Hong and Adrian D Lee analyzes the dynamic relationship between both the currencies. In the report, they present a theoretical model used to gauge the potential impact of Bitcoin and other....


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