Narrative Watch: Bitcoin is Political
As this was being recorded, Facebook was being grilled by 26 central banks about their plans for Libra. Last week, France and Germany said they'd block the project and were exploring their own digital currencies. Libra head David Marcus felt enough...
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Show Notes
As this was being recorded, Facebook was being grilled by 26 central banks about their plans for Libra. Last week, France and Germany said they'd block the project and were exploring their own digital currencies. Libra head David Marcus felt enough heat to take to Twitter to defend why the project wasn't a threat to monetary sovereignty. In this Narrative Watch, we look at how the emergence of Libra and the response among the nations of the world have made it clear that, despite Marcus' protestations, cryptocurrencies are a political force. What does it mean for bitcoin? Listen to hear the discussion.