Harvard historian proposed integrating bitcoin into the financial system USA
Biden’s administration should recognize the benefits of integrating bitcoin into the US financial system, says Harvard professor
Pandemics always accelerate the development of the monetary system
US should abandon the idea of creating a digital dollar
Harvard historian Neil Ferguson believes that virtual currency great for rich people like means saving
The world is undergoing a monetary revolution so multifaceted that few realize this. At least So said Neil Ferguson, professor of history at Harvard University. In an author’s column for Bloomberg, Ferguson notes that pandemics have often been the cause of increased monetization. IN last once the world saw a surge in usage of money after the plague pandemic in 1346-1353.
According to a Harvard scientist, a pandemic 2020 of the year accelerated the global distribution of cryptocurrencies. However, transition to digital space not will be than-then new for overwhelming majority. In some parts of the world (not only in China, but also in Sweden) nearly all payments are now electronic.
Seize the initiative
Professor at Harvard University considers, that instead of Togo, to strive to create digital dollar like the Chinese digital yuan, Joe Biden’s emerging administration must acknowledge “the benefits of integrating bitcoin into the US financial system.” Ferguson also points to the readiness of the US tax system to merge with bitcoin after a successful experiment in reporting crypto-exchange accounts in 2016..
TO to that same, by opinion Ferguson, blockchain bitcoin is an open database with by all transactions, which will not prevent the US law enforcement agencies from tracking all necessary transactions, as It was in the case of the closure of the online marketplace for illegal goods Silk Road in October 2013.
Seems to be optimistic about the largest cryptocurrencies adheres to and one of the largest Bitcoin owners Michael Sailor, founder of MicroStrategy. So, eg, on my page in Twitter Sailor compares bitcoin to air, which the vital to the economy.
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