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Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution

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.

The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.

The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.

AccessTimeIconDec 6, 2020, 2:00 PM
Updated Sep 14, 2021, 10:38 AM
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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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