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Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution

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Nathaniel Whittemore
·1 min read
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The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.

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This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch, Allnodes.

Related: Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments

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On today’s Long Reads Sunday, NLW reads Niall Ferguson’s latest Op-Ed for Bloomberg: “Bitcoin Is Winning the COVID-19 Monetary Revolution

In it, Ferguson argues that bitcoin’s sovereignty and “built-in scarcity in a virtual world characterized by boundless abundance” are driving its adoption. 

He also argues that rather than adopt a China-style central bank digital currency, incoming President Joe Biden should look to integrate bitcoin into the U.S. economic system. 

Related: Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

See also: $50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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