Acclaimed Economist Joseph Stiglitz Believes Bitcoin Has No Purpose (He’s Wrong).

Source: Cryptodaily.co.uk, originally published on .

https://cryptodaily.co.uk/2018/07/acclaimed-economist-joseph-stiglitz-believes-bitcoin-has-no-purpose-hes-wrong/.

Acclaimed Economist Joseph Stiglitz Believes Bitcoin Has No Purpose (He’s Wrong).

Nobel Prize winning Economist, Joseph Stiglitz has spoken about about Bitcoin. The long and short of this assault is that Stiglitz believes Bitcoin should be made illegal. Stiglitz believes that it’s association with crime, fraud and laundering makes it a dangerous assets that should be criminalised. He also believes that regulation won’t work as it will render Bitcoin useless anyway.

According to NewsBTC, Stiglitz told Bloomberg:

“We have a good medium of exchange called the dollar… we can trade in that.

Continue reading Acclaimed Economist Joseph Stiglitz Believes Bitcoin Has No Purpose (He’s Wrong). at Crypto Daily™.

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