You can watch the clip here: Joseph Stiglitz photo via, wikimedia Commons. Although the cryptocurrency market today is small, Stiglitz says its growth will quickly bring regulation from authorities: Once it becomes significant they will use the hammer. The former chief economist of the World Bank wants bitcoin banned. So that you would have the ability to trace this kind of corruption. Critics, however, voice concerns about adopting a largely unregulated financial asset that can be used anonymously and has no central authority. And then it collapses. If the government says the reason bitcoin is being used is circumvention, they could close it down at any moment, he said. Less than 24 hours after trading at 10,000 per coin, Bitcoin continued its upward streak and surpassed 11,000 on Wednesday, while a Nobel Memorial Prize-winning economist sounded investor alarm bells over what may be a bubble waiting to burst.
Joseph stiglitz bitcoin
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