No, Professor Quiggin, cryptocurrencies are not useless: Australia should prepare for the rise of digital assets – Bitcoin News

Critics such as John Quiggin question the legitimacy of bitcoin, comparing it to worthless assets, but the value of any product, including bitcoin, often depends on community recognition and market demand. The analogy of the Zimbabwe diamond rush illustrates that value is often only achieved when a market exists. Australia’s treasurer wants the country to be proactive when […]