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.

AccessTimeIconDec 6, 2020 at 2:00 p.m. UTC
Updated Sep 14, 2021 at 10:38 a.m. UTC
AccessTimeIconDec 6, 2020 at 2:00 p.m. UTCUpdated Sep 14, 2021 at 10:38 a.m. UTC
AccessTimeIconDec 6, 2020 at 2:00 p.m. UTCUpdated Sep 14, 2021 at 10:38 a.m. UTC

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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