Bitcoin Must Be Tied to Commodities Basket to Be Currency – Steve Hanke

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Bitcoin Must Be Tied to Commodities Basket to Be Currency – Steve Hanke

Bitcoin (BTC) is not a currency, and to be one it needs to be tied to a basket of commodities, says Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University and a prominent expert on hyperinflation.
Hanke warned against investing in this asset.
"Bitcoin is a highly speculative asset, not a currency," wrote Hanke in a recent tweet, attaching  Read more »
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