NY Fed Economists Talk Bitcoin’s Role in a Centralized World



NY Fed



New York Fed Economists Michael Lee and Antoine Martin aren’t entirely dismissive of bitcoin, which only seems to make matters worse. In a Q&A, which is posted on the New York Fed’s website, the economists question bitcoin’s utility, arguing it will never be as easy to use as the current central bank-backed fiat money, pointing to a host of concerns — not the least of which surrounds trust. But they don’t write bitcoin off, seeming instead to applaud the ingenuity while simultaneously dismissing its potential.