Thursday, June 24, 2021

El Salvador’s Bitcoin experiment is not as disruptive as it may seem at first sight

El Salvador’s Bitcoin experiment is not as disruptive as it may seem at first sight The crucial question is the implication of the simultaneous circulation of two ‘assets’ – the dollar and Bitcoin – as a medium of exchange and as legal tender.  Monetary history is actually replete with such situations 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/el-salvador’s-bitcoin-experiment-is-not-as-disruptive-as-it-may-seem-at-first-sight_15229281.html

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...