Article

Bitcoin and the U.S. Fiscal Reckoning

Avik Roy

National Affairs, 2021

Read the article

Read or listen offline

Amazon Kindle

1×

登录收听有声浓缩书。

Editorial Rating

Qualities

Overview
Hot Topic

Recommendation

As economies enter post-pandemic times, consumers and companies are facing price increases, and some investors are deploying capital into bitcoin as a means of protecting their purchasing power and financial holdings. Commentator Avik Roy assesses the opportunities for bitcoin – as a viable store-of-value asset and an inflation mitigation tool – in the context of current US fiscal conditions. Corporate executives, business owners and bitcoin stakeholders will appreciate this informative and wide-ranging essay on the importance of digital assets.

Summary

In inflationary times, some investors see a sound money alternative in bitcoin.

In 2008, Satoshi Nakamoto delivered the distributed ledger innovation, bitcoin, to the world. For Nakamoto, one of the fundamental reasons for the introduction of the digital money involved a deep distrust of sovereign currencies. At that time, US debt had reached $10 trillion.

The ascendance of bitcoin since then coincides with a sharp rise in US federal borrowing. Today US debt stands at $29 trillion, and the Federal Reserve has drastically increased the supply of dollars in circulation. Holders of US dollars are increasingly concerned about the prospects of a devalued currency and ...

About the Author

Avik Roy is president of the Foundation for Research on Equal Opportunity.

Bitcoin and the U.S. Fiscal Reckoning

Read or listen offline

Editorial Rating

Qualities

Recommendation

Summary

In inflationary times, some investors see a sound money alternative in bitcoin.

About the Author

My Highlights

Comment on this summary

More on this topic

Learners who read this summary also read

Related Channels