Ahead of Davos, What Can Cash Teach Us About Crypto?
"I have long held that, were cash invented today, it would be dismissed by policymakers, bankers and law enforcement as dystopian, absurd and dangerous."
What does the current crisis mean for the value of actual cash, and how does it stack up to assets like bitcoin and gold?
U.S. currency in circulation has experienced its largest increase in over 20 years.
Russians have been withdrawing vast amounts of cash after President Putin announced new coronavirus measures.
It turns out cold, hard cash with a helping of government bonds - not bitcoin or gold - is where people turn in the face of a pandemic and "apocalyptic" market turmoil.
Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead.