Economist Discusses What Would Happen if the Masses Ditch Fiat Currencies for...
American economist Brian Wesbury has shared his thoughts on what would happen if the masses were to ditch fiat currencies and adopt bitcoin instead. He discussed whether the government would allow it to happen and how bitcoin can become a true currency. Economist Brian Wesbury Answers Question About the Masses Ditching Fiat Currencies for Bitcoin Brian Wesbury is an economist with a focus on macroeconomics and economic forecasting. He is currently the chief economist at First Trust Advisors, a financial services firm headquartered in Wheaton, Illinois. He was asked on Fox Business News....
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Andy Haldane, the Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England recently proposed that the UK should switch from a fiat to a digital currency based economy to support the UK’s economic growth. “The balance of risks to UK growth, and to UK inflation at the two-year horizon, is skewed squarely and significantly to the downside,” Haldane told Express U.K. “There could be a need to loosen rather than tighten the monetary reins as a next step to support UK growth and return inflation to target.” He added: “What I think is now reasonably....
An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded supervision,” adding that “The main aim is low-cost supervision of decentralized markets.” BIS Economist Suggests Regulatory Approach for Cryptocurrencies The Bank of International Settlements (BIS) published a working paper Thursday on “The socioeconomic drivers of US....
Alex Adelman, CEO of Lolli, discusses bitcoin as the ultimate cash-back rewards point and plans for adding more merchants. The post Video: Bitcoin For The Masses With Alex Adelman Of Lolli appeared first on Bitcoin Magazine.
Central bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs. Global payment network Roxe has recruited a seasoned economist from the International Monetary Fund, or IMF, to help lead its central bank digital currency project backed by Bitcoin’s (BTC) hashrate. Andreas Jobst, whose career spans the IMF, World Bank and Bermuda Monetary Authority, has been appointed as Roxe’s chief currency economist, the company announced Wednesday. Jobst will be tasked with helping to scale Roxe’s CBDC Plus Program and payment network,....
Global economists continue to question the implications of blockchain implementation for central bank digital currencies. Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank.Carlos Lenz, chief economist at the Swiss National Bank, argued that blockchain-based decentralization features are not efficient for a state-controlled digital currencies like a digital franc, German-language Swiss newspaper The Handelszeitung reported Thursday.The economist....