The well-established economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.
In it, Ferguson argues that bitcoin’s sway and “built-in scarcity in a virtual world characterized by boundless abundance” are driving its adoption.
He also argues that willingly prefer than adopt a China-style central bank digital currency, incoming President Joe Biden should look to desegregate bitcoin into the U.S. economic system.
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