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Confidently Misunderstanding Bitcoin Steve Hanke

Economist Steve Hanke of Johns Hopkins University is well-known within the Bitcoin group for posting innumerable variations of the same tweet — “Bitcoin is too volatile and has a fundamental value of 0.” (I think he nonetheless hasn’t learn my essay on how to take into consideration Bitcoin’s worth.)

But in a current opinion piece, “How Innovative Is Crypto?”, Hanke tried his hand at some new arguments. The essay is subtitled, “The case for crypto as a driver of innovation is thin.” In it, Hanke purports to present that cryptocurrencies aren’t that progressive. Here, I’ll present how he fails.

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