Whether Bitcoin succeeds will largely hinge on whether people have confidence in the incumbent fiat system to which it poses an alternative and in the central bankers who, since the end of the dollar’s gold peg 1973, have determined the monetary policies behind that system.
Source
Related posts
-
El Salvador’s Bitcoin Buying Spree Continues on Christmas Day—IMF Left Watching
El Salvador, the smallest and most densely populated country in Central America, keeps piling on the... -
Binance endorses Thai ex-PM’s proposal for a pilot Bitcoin project
The chief executive of Binance’s Thai arm has encouraged the Bank of Thailand to consider former... -
Japan’s Stance on Bitcoin Reserves: A Clear Rejection
The government of Japan has officially responded to Senator Hamada, stating that it has no intention...