BIS Economist Says Bitcoin Falls Short as Money as Saylor Proposes Credit Layers

BIS Economist Says Bitcoin Falls Short as Money as Saylor Proposes Credit Layers

Aldasoro says money at scale needs credit, a central-bank anchor and backstops. Saylor calls Bitcoin “Digital Capital” and says it is not yet the unit of account for most of the world.

BIS Paper Shows Meme-Level Grasp of Bitcoin, But Agrees With Saylor on Key Point

A paper from the Bank for International Settlements (BIS), an organization of central banks, recycles old, repeatedly rebutted claims about bitcoin—but agrees with Strategy’s Michael Saylor that it isn’t working as everyday money. Both reach that conclusion, but for opposite reasons. In “Money and the Architecture of Trust,” published this month, Iñaki Aldasoro, an economist […]