The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.

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. 

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Originally published at CoinDesk

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