Congressional Report Warns of Potential Bitcoin Threat to US Dollar
Bitcoin could be a threat to US monetary policy if it gets big enough, says a US governmental report.
The narrative that inflation arising from the massive coronavirus stimulus efforts would lead to a long-term rise in bitcoin's price is looking weak with new data from the Federal Reserve.
Contrary to expectations, bitcoin could see a positive performance during a possible bout of global deflation.
This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context.
Bitcoin’s appeal as an investment could diminish its effectiveness as a currency, and alternative models should be tested, writes Michael Casey.
Criticisms from bitcoin pundits in the press almost always boil down to a few common misconceptions, argues Jon Matonis.