Monetary Wonk

Key drivers like price, current macro trends and risks indicate that bitcoin is a great investment and possibly the best one available now.Note: This article does not constitute financial advice. Like many, when I first heard of bitcoin, my reaction was “Why would anyone invest real cash in magic internet money?” It was worth zero — backed by nothing. And, like a...

If bitcoin can fulfill economic demand for savings, it will free people from the problems with government-issued safe haven assets.For decades, the velocity of money, which is a measure of the times that a unit of currency is spent, has fallen due to what some economists have termed the “safe asset shortage.” This has occurred for a variety of reasons, including aging...