Will A "Bitcoin Bubble" Destroy Society?
No, but the Fiat Bubble Might
Last week, MoneyWeek ran an imaginative article by a British economist and former EU bureaucrat arguing that Bitcoin is destined to cause cataclysmic redistribution, hyperinflation, and sociopolitical breakdown. To prevent all this, Connolly claims, authorities will have to burst the “Bitcoin bubble” before it’s too late.
While not as goofy as, say, an …
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