Federal Reserve critique of Bitcoin

Digital Assets Series: Part 5 | Bitcoin vs. “Permanent Primary Deficits”

In the previous post (#4 of this series), we critiqued the European Central Bank’s arguments against Bitcoin, emphasizing that a simple dismissal of digital currencies is a lazy approach. While healthy skepticism about Bitcoin and other digital assets is warranted, completely dismissing a rapidly evolving technological and financial innovation merely...

Digital Assets Series: Part 4 | The European Central Bank’s Attack on Bitcoin

In October 2024, Senior Management of the European Central Bank (ECB) Market Infrastructure and Payments division published a hit piece on Bitcoin. The Federal Reserve Bank of Minneapolis followed suit shortly thereafter. The ECB paper provides an overdue perspective on Bitcoin from central bankers. We should take it seriously for...