Bitcoin News
By Dan Saada
1 / 9
Lawrence Summers, previous Chief Economist of the World Bank, former Treasury Secretary, and former director of the National Economic Council on Cryptocurrency in Bloomberg Wall…
2 / 9
When Lawrence Summers was asked, you have said in this program that cryptocurrency is here to stay. Do you think cryptocurrency is here to stay? Why is it here to stay?
3 / 9
He replied: Look does it matter to the overall economy? Does it matter to the overall growth standard livings of Americans?
4 / 9
Is there is a long-standing human desire to hold an asset that feels separate and apart from the day-to-day workings of governments? Yes.
5 / 9
Gold has been the primary asset of that kind for a long time. And, I think crypto has a chance of becoming an agreed form that people who are looking for safety hold wealth in.
6 / 9
And, that is why I think there is a good prospect that crypto will be a part of the system for quite a while to come.
7 / 9
Is this going to be something fundamental in commerce on the internet? It may be an important part of commerce on the internet.
8 / 9
So, this is another good reason for the friends of bitcoin to stick to their guns about the ability of the BTC and its ability to be able to stay and be around for quite a long…
9 / 9
The convictions of BTC holders are as high as they project them to be. While all these are happening, Central Bankers are continuing to express their skepticism in terms of BTC,…
The Currency Analytics
Want the full story?