Bitcoin Makes No Sense As A Currency
Antonio Fatas, Professor of Economics, INSEAD
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The rise of Bitcoin, and the talk around Libra - Facebook’s fiat-backed stablecoin - have woken up central bankers to the disruptive potential of digital currencies, and its implications to the financial system as we know it.
Roshan Kanesan speaks with Antonio Fatas, Professor of Economics at INSEAD, for his thoughts on the future of money, the role of central banks, dependence on the US Dollar, and the viability of a global unified currency.
Image Credit: Pixieme/Shutterstock.com
Produced by: Shazana Mokhtar
Presented by: Roshan Kanesan
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Categories: Technology, Tech, Business Analysis, Trends and Forecasts, Markets, Social Issues
Tags: Bitcoin, Cryptocurrency, Libra, Digital Currencies, Central Banks, US Federal Reserve, US dollar, Dollarisation, global unified currency, Facebook, WeChat, PBOC, Big Tech,