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Understanding the Coming Currency Cold War

Will the future of currency be led by the U.S., China, Bitcoin or some combination we can barely imagine today?

Updated Sep 14, 2021, 10:01 a.m. Published Sep 27, 2020, 1:00 p.m.
Breakdown 9.27

Will the future of currency be led by the U.S., China, Bitcoin or some combination we can barely imagine today?

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This episode is sponsored by Crypto.comBitstamp and Nexo.io.

광고

This week’s Long Reads Sunday is a reading of “The Currency Cold War: Four Scenarios” by Jeff Wilser – part of CoinDesk’s Internet 2030 series.

In it, Wilsner talks to experts about four scenarios:

  • A multi-currency scenario, where exchange is abstracted away via digital wallets
  • A China-led scenario
  • A U.S.-led scenario
  • A bitcoin/non-state currency-led scenario

In addition to reading, NLW gives his take on which scenario is most likely.

See also: Sven Henrich on the Ever-Weakening Economic Cycle

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.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.

알아야 할 것:

  • Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
  • The rally coincided with significant spot BTC price premium on Coinbase.
  • Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.