/St. Louis Fed: In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies

St. Louis Fed: In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies



Bitcoin is not the only currency that has no intrinsic value,” states the article. “State monopoly currencies, such as the U.S. dollar, the euro, and the Swiss franc, have no intrinsic value either. They are fiat currencies created by government decree. The history of state monopoly currencies is a history of …

Source: St. Louis Fed: In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies