Following its rapid rise in value, Bitcoin is now being touted as an investment that legitimate businesses would be remiss to ignore. But business leaders should stay off the bandwagon, because the cryptocurrency revolution has already failed.
NEW YORK – In a recent commentary for the Financial Times, economist Dambisa Moyo makes a case for why business leaders should invest in Bitcoin. Her three main arguments are that Bitcoin is a way to mitigate company risk; cryptocurrencies can provide possible solutions for doing business in emerging economies; and digital currencies augur an exciting new future of “currency platforms.”
NEW YORK – In a recent commentary for the Financial Times, economist Dambisa Moyo makes a case for why business leaders should invest in Bitcoin. Her three main arguments are that Bitcoin is a way to mitigate company risk; cryptocurrencies can provide possible solutions for doing business in emerging economies; and digital currencies augur an exciting new future of “currency platforms.”