Bitcoin

'Who's afraid of cryptocurrencies?'

Stephen Moore, Washington Times

A cryptocurrency is a privately sponsored and operated form of money that is not supplied by government. Bitcoin has already been traded for years, but the new leading horse is the multi-billion dollar Libra, that Facebook is creating. Crypto currencies are coming one way or the other and the unprepared regulatory regimes will mostly delay and complicate their introduction, or may send them underground. The more these products are resisted, the more it is likely to drive up demand for private money alternatives. Just look at the big gains in Bitcoin in recent months. Congress and the regulators should let this new exciting digital technology proliferate.