Bitcoin, Gold, and the Rush to National Digital Currencies

Bitcoin as a money is just very unremarkable. Yet this digital coin is well on its way to becoming one of financial history’s great epic stories. Its promotors just hit lucky in finding themselves in the midst of a monetary inflation whose virulence intensified during a great pandemic. Double luck: the greatest speculative narrative of the accompanying asset inflation has been about the miracles of digitalization, a fantastic landscape for nurturing excitement about this new money.