Cryptocurrencies and National Security: What You Need to Know
Cryptocurrencies have grown in popularity within all generations of investors as the potential for both massive growth and financial disaster looms for this new financial sector. In recent weeks, Bitcoin (the de facto measuring stick cryptocurrency) has seen its value tumble around $10,000 in value between June 6 and 24th amid a period of high inflation and a coming recession. Still, many investors continue to take the risk in anticipation of stellar rewards.
Despite cryptocurrencies' roller coaster when it comes to value, London Center for Policy Research Fellow and Financial Expert Tim Furey discusses other issues with the Bitcoins, Dogecoins and Etheriums of the world alongside LCPR President Tony Shaffer including:
What are the national security implications of cryptocurrencies?
What's stopping governments from taking control of them?
What are the advantages and disadvantages to investing in a non-tangible currency with potentially arbitrary value?
Where is the faith in credit when it comes to cryptocurrencies?
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