Last week, David Andolfatto, St. Louis Federal Reserve Vice President and Director of Research, published an in-depth presentation on the peer-to-peer decentralized currency bitcoin. This is the first time that such a high level central banking official has studied the cryptocurrency … [Read more...]
Wild price swings hurt bitcoin’s viability as a currency
Finance experts and economists have argued over the past year that bitcoin’s price swings and immense fluctuations have hurt its own chances of becoming a viable, dependable currency. This is something that economist Milton Friedman was concerned about during the 1970s when the topic … [Read more...]
