by Peter Bofinger Peter Bofinger identifies the cryptocurrency’s Achilles heel. Following the steep rise in the price of Bitcoin since autumn 2020, public interest in this cryptocurrency has been reignited. Yet the massive drop in price since its peak on…
Tag: Bitcoin
Bitcoin, an ‘Uber’ currency, not without risk
Bitcoin, which this week soared to a new record high of more than $8,000, is the monetary equivalent of Uber, since it bypasses central bank regulation and could be attractive for financially fragile countries, economists say. Nevertheless, it is precisely…