5min chapter

Brave New World -- hosted by Vasant Dhar cover image

Ep 42: Antoinette Schoar on Decentralized Finance & Crypto

Brave New World -- hosted by Vasant Dhar

CHAPTER

Is Bitcoin the Legal Tender?

I feel that we need to differentiate from between Bitcoin as a speculation vehicle and say some of the smart contract and basically distributed ledger applications. And one thing that's really important to point out is if you think about the Bitcoin blockchain, it doesn't allow for any, say, smart contract applications. So when I think about it this way, I'm like, I just can't see this becoming legal tender, right? I don't think so.

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