This Finance survey examines (a) The collapse of a major crypto intermediary will have little impact on the wider economy and the stability of the traditional financial system; (b) The collapse of a major crypto intermediary suggests the need for the crypto asset class to be more tightly regulated.
Keyword: cryptocurrencies
This week’s IGM Economic Experts Panel statement:
A substantial source of the value of decentralized private cryptocurrencies, such as Bitcoin, arises from their convenience for use in illegal activities.
This week's IGM Economic Experts Panel statements:
A) A bitcoin has a fundamental value of at least $1,000.
B) The best forecast for the value of one bitcoin in 2 years is its current price.