Cryptocurrency’s Viability as a Currency
Depending on who you ask, cryptocurrencies and their variants like NFTs (non-fungible tokens) have been either a great failure or a great success. For our purposes, we want to assess crypto’s viability as a currency in the context of 2,000 years of the history of money. So, let’s see if cryptocurrency meets the three different […]
Who Loses
According to Pew, 16% of all Americans have invested in, traded, or otherwise used a cryptocurrency. Black investors have been quick to adopt crypto in their portfolios. While only 13% of white Americans have invested in this asset, 18% of black Americans have. Some African Americans believe the decentralized nature of the asset makes it […]
Closing Thoughts “Will Cryptocurrency be the Money of the Future?”
We have looked at the history of money over time to help us better understand the future of currency. In general, we saw that usable currencies have three important characteristics: they hold their value over time they are an agreed upon medium of exchange they are easy to use, handle, and exchange. If a currency […]