You can’t have your cryptocurrency and spend it too (without somebody noticing)
Are crypto-assets going mainstream or staying in the virtual shadows? Common sense dictates that increased and transparent regulation is inevitable
29 December 2020 - 14:23
As bitcoin soared to above $28,000 over the weekend, talk resumed about the promising and dramatic future of cryptocurrency. The chief global strategist of Morgan Stanley Investment Management even suggested that bitcoin could replace the dollar as a global reserve currency.
Cryptocurrency serves some useful purposes, but there are some pretty wild speculations going around. One of the more fundamental problems is that crypto-assets can be either useful hedges, or useful forms of payment — but not easily both...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.