An American economist has delved into the two things he believes the crypto crowd has yet to understand about monetary economics.
One of them is that the U.S dollar isn’t going anywhere and while some believe Bitcoin will rise to challenge the USD, he believes this would never happen in the real world.
The rise of Bitcoin has come with a lot of misconceptions about the world’s monetary economics and in a recent op-ed, an American economist has sought to set the record straight. Tyler Cowen, an economics professor at the George Mason University in Virginia identified the two mistakes that the ‘crypto crowd’ makes. He believes that while crypto is here to stay, the height to which it will soar has been greatly exaggerated.
Mistake one: The USD misconception
The first mistake the Bitcoin faithful makes is believing that the crypto will rise to take over the U.S dollar’s spot in global economics. Granted, the U.S Federal Reserve has been rather liberal with the printing of the
