Why Cryptocurrencies Will Never Be Safe Havens
Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.
Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.
Risk premiums determined in an unhampered market align the interests of savers and investors. When central banks interfere with this, trouble results.