Authors:

  • Kenneth Rogoff

Excerpt

Crypto-Fool’s Gold? Kenneth Rogoff, October 9, 2017, Opinion, "The price of Bitcoin is up 600% over the past 12 months, and 1,600% in the past 24 months. But the long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates – and there is no reason to expect virtual currency to avoid a similar fate." Link