Primarily, crypto property present digital, scarce automobiles for speculative funding. Thus, in that sense, one can say they’re extremely speculative shops of worth. … We additionally haven’t seen crypto used a lot as a medium of alternate. To the extent that it’s used as such, it’s typically to skirt our legal guidelines with respect to anti-money laundering, sanctions, and tax assortment. … Proper now, we simply don’t have sufficient investor safety in crypto. Frankly, right now, it’s extra just like the Wild West.
https://www.washingtonpost.com/enterprise/50-years-after-going-off-gold-the-dollar-must-go-for-crypto/2021/08/15/3a6dd3d4-fd97-11eb-911c-524bc8b68f17_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | 50 Years After Going Off Gold, the Greenback Should Go for Crypto