Tag: Bitcoin

IMF urges El Salvador to strip Bitcoin’s legal tender status (Eric Martin, Bloomberg, Al Jazeera)

The International Monetary Fund’s board urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, highlighting a...

Bitcoin hovers near six-month high on ETF hopes (Al Jazeera)

Bitcoin hovered near a six-month high early on Monday on hopes that US regulators would soon allow cryptocurrency exchange-traded funds (ETFs) to trade, while...

The Bitcoin Fountainhead (Daron Acemoglu, Project-Syndicate)

While it is clear that cryptocurrencies are here to stay, it remains to be seen what economic role they will – or should –...

El Salvador’s Bitcoin Folly (Jeffrey Frankel, Project-Syndicate)

Many aspects of cryptocurrencies are baffling, not least the success of a joke like Dogecoin. But El Salvador’s recent adoption of Bitcoin as legal...

(Bitcoin) The brutal truth about Bitcoin (Brookings)

Eswar Prasad writes for Brookings: Bitcoin, the original cryptocurrency, has been on a wild ride since its creation in 2009. Earlier this year, the price of...

(Bitcoin) Schrödinger’s Bitcoin (Project-Syndicate)

WILLEM H. BUITER Notwithstanding the recent spectacular surge in its price, Bitcoin will remain an asset without intrinsic value whose market value can be anything...