Bitcoin can become a legit global currency — in theory, Goldman says
|01/13/2018||Posted by BusinessMediaguide.Com under General World News||
- Bitcoin can serve as a global currency in theory, according to Goldman Sachs strategists.
- The reality is that much of the developed world already has stable monetary systems, alternative stores of value, and the US dollar for foreign trade and reserves.
- Cryptocurrencies may be useful in parts of the global financial system where the traditional functions of money don’t work as well.
Bitcoin can be a legitimate and widespread form of money but mostly in theory, for now, according to Goldman Sachs strategists.
That’s because the key functions of money that bitcoin can serve are already read more >>>