Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution
Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution
The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.
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This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch, Allnodes.
On today’s Long Reads Sunday, NLW reads Niall Ferguson’s latest Op-Ed for Bloomberg: “Bitcoin Is Winning the COVID-19 Monetary Revolution”
In it, Ferguson argues that bitcoin’s sovereignty and “built-in scarcity in a virtual world characterized by boundless abundance” are driving its adoption.
He also argues that rather than adopt a China-style central bank digital currency, incoming President Joe Biden should look to integrate bitcoin into the U.S. economic system.
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