Cryptocurrencies are not the new monetary system we need

They proliferate uncontrollably and are objects of speculation rather than stores of value

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The crypto crash (and preceding bubble) shows that cryptocurrencies are objects of speculation rather than stores of value. That also makes them unusable as units of account.
The crypto crash (and preceding bubble) shows that cryptocurrencies are objects of speculation rather than stores of value. That also makes them unusable as units of account. (Foto: Angel Garcia/Bloomberg)