Tag Archives: Money

Bitcoin Is “Society’s Best Hope for a Private Form of Electronic Money” Says Arthur Hayes

Arthur Hayes, CEO of crypto exchange platform BitMEX, recently said that Bitcoin is society’s best hope for a private form of money. The Seychelles-based BitMEX has risen to become one of the larger crypto trading and exchange platforms in the world. Its CEO, who is known to be bullish on the future of cryptocurrencies, has stated that digital assets will be the new private form of money. Continue reading Bitcoin Is “Society’s Best Hope for a Private Form of Electronic Money” Says Arthur Hayes

Cryptocurrencies ‘Failing’ as Money

Bank of England Governor Mark Carney has doubled down on his recent criticisms of criticisms of cryptocurrencies, arguing Friday that they are “failing” in their quest to fulfill the roles of money.
Carney, who also serves as the Chairman of the G20’s financial stability board, made this statement in a speech at the Scottish Economics conference, arguing that cryptocurrencies are not a viable alternative to fiat currency. The central banking chief said that Bitcoin and its peers are poor stores of value, inefficient media of exchange, and virtually non-existent as units of account.
Previously, Carney had told a group of students at the London-based Regent’s University that Bitcoin was not a legitimate currency, citing the same evidence to make his case. However, proponents would likely respond that these criticisms are unfair, given that cryptocurrencies have been circulating for less than a decade and most people have likely only learned about them during the past year.

Reference: https://www.ccn.com/cryptocurrencies-failing-as-money-bank-of-england-governor/