in ,

Bitcoin Is Not A Great Store of Value: Yale Professor

Yale Insights interviewed Professor William N. Goetzmann, a teacher of Finance and Management Studies, about the advent of cryptocurrency. The discussion centered around the purpose and value of money. The article says, in part: Bitcoin’s volatility underscores the challenge of establishing the trust needed for a widely useful currency, but the proliferation of cryptocurrencies also shows that traditional, government-backed currencies don’t address everyone’s needs. Goetzmann says as part of a Q&A that Bitcoin isn’t the best store of value because its value is ever-changing. Depending on who you ask, Bitcoin’s volatility is its greatest asset or its worst enemy. Still,

The post Bitcoin Is Not A Great Store of Value: Yale Professor appeared first on CCN

Read Full Story : CCN

2019-03-15 20:31:10

What do you think?

0 points
Upvote Downvote

Written by CCN

Blockchain ID Startup Metadium Reveals Partnership With Game Engine Giant Unity

Intercontinental Stock Exchange Seemingly to Expand Cryptocurrency Data Feed