Just_Super
I recently had the opportunity to attend a two-day conference in Sarasota, Florida hosted by the Global Interdependence Center. The topic was Cryptocurrency and the Future of Global Finance. Given that it included some of the leading research and analysts on cryptocurrencies along with an address from Federal Reserve Board of Governors member Christopher Waller, the event provided a substantive education on a burgeoning segment of capital markets that is otherwise overrun with noise and conjecture. It was a worthwhile and enlightening experience.
My own basic views on cryptocurrencies to this point have been the following. The advent of the blockchain and the supported cryptocurrency systems are almost undoubtedly transformative. The fact that cryptocurrencies have experienced two successive major asset price bubbles first in 2017 and again 2021 is evidence of meaningful future potential in the same way that the dot com bubble of the late 1990s heralded how the Internet would change the way we live our lives in the more than two decades since. But from where we stand…