USD stablecoins are created largely outside the dollar system and lack federal
deposit guarantees. Investors should be careful.
Bitcoin is "scarce" (and therefore valuable) when demand for it exceeds the
available supply, not because of its 21 million hard cap, says our columnist.
The crypto industry faces a momentous choice. Does it integrate with the
existing financial system's rules? Or does it choose to fight for its anti-
status quo principles?
A world in which bitcoin becomes the global reserve currency is a world many
of us would not want to live in.