The Economist.
Wall Street hasn't always taken crypto particularly seriously.
A decentralized digital currency, invented by a fictitious person named Satoshi Nakamoto,
does this just show how much of a lack of confidence there is in currencies and banks,
because this sounds a little strange.
And that incredulity came from the top.
JP Morgan boss Jamie Dimon was a particularly vocal critic.
The only value of a Bitcoins with the other guy will pay for it.
So every day, you know, you have CNBC, non-stop Bitcoin.
Who cares about Bitcoin?
The argument against crypto has largely taken a familiar form.
The Satoshi Nakamoto white paper came out in 2008, and since then,
I don't believe anyone has made a good argument for like crypto having a use case
unless you're a money launderer, then it's very good.
But cryptocurrencies may have finally found their use case.
Stablecoins, digital tokens that are pegged one-to-one with a real-world asset like the dollar.
Even Jamie Dimon has said he believes in stablecoins, as does another man.
But today's signing the future of crypto and the crypto industry,
the US dollar working together
because they really are hand-in-hand is going to be stronger and bigger and better than ever before.