Can Cryptocurrencies Successfully Compete in the Money Market?
Abstract
The cryptocurrency revolution began with the introduction of Bitcoin in 2009. Today, there are now more than 4,000 cryptocurrencies and Bitcoin has a market capitalization of over $1 trillion. While these new digital entities are characterized as cryptocurrency, none actually circulate in day-to-day commerce. In policy study 2102, author Thomas R. Saving describes the necessary properties of money and compares them to cryptocurrency. As they are currently structured, cryptocurrencies are not going to compete in the privately produced money market but are better positioned to compete in the precious metals market.
Description
EducationCollections
Citation
Saving, Thomas R. (2021). Can Cryptocurrencies Successfully Compete in the Money Market?. Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library. Available electronically from https : / /hdl .handle .net /1969 .1 /199257.