In THE AGE OF CRYPTOCURRENCY: How Bitcoin and Digital Money are Challenging the Global Economic Order (January 27), leading WSJ financial writers Paul Vigna and Michael J. Casey argue Bitcoin represents a monumental paradigm shift that will transform the social, political and economic landscape. Since its advent, Bitcoin has gained a reputation for instability and illicit business; naysayers fear its power to eliminate jobs and upend the concept of a nation-state. Vigna and Casey show that cryptocurrencies can also bring good. For one, they remove the middleman from the financial system, giving the power to the people and safeguarding from the devastation of a 2008-type crash. They also promote financial equality; Bitcoin has already given the world’s unbanked—those marginalized billions who’ve never had a bank account—unprecedented access to the global economy.
Paul Vigna, Michael Casey: The Age Of Cryptocurrency
By Sheeraz Raza
Published on
