Biden should integrate Bitcoin into US financial system, says Niall Ferguson
The economic historian said that President-elect Biden’s administration should consider Bitcoin as an alternative to a “Chinese-style digital dollar.” British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.”In a Bloomberg opinion piece, Ferguson said Sunday that the current pandemic has generally been good for cryptocurrency adoption, accelerating a “monetary revolution” around the world. However, the historian noted that China has....
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Author, professor and Hoover Institution Senior Fellow Niall Ferguson discusses the U.S., China and Bitcoin. The post Interview: Niall Ferguson On Bitcoin And Financial Evolution appeared first on Bitcoin Magazine.
Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience has forced critics as well as institutional investors to alter their views about the leading crypto. Cash Use Declining Ferguson names bitcoin basher Nouriel Roubini alongside one financial journalist as some of the critics that are now having second thoughts about bitcoin. In an opinion piece, Ferguson....
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The mainstream and alternative media have invested thousands of man-hours into chronicling the violence, civil rights violations, and general chaos that has become Ferguson, MO. And the issues there have led to many protests nationwide as people look for justice. Alas, we may never find true justice and harmony, and many businesses burning in Ferguson may never recover, or return. There is one thing that may come out of this that springs eternal hope for the future of Ferguson. A beacon of light, not generated by a Molotov cocktail, but by a vision of hope for a better future. Also read:....