The State of Digital Currency with Henry Kim

Dr. Henry Kim is a professor at the Schulich School of Business, York University, Canada, and the head of Blockchain.Lab at York. He is also the principal investigator of the Digital Currencies project, a research collaboration between York, the Bank of Canada, and other financial institutions and fintech companies.

Tune in to learn more about the current state of Bitcoin!

[00:01 - 05:54] Bitcoin, Blockchain, and Enterprise Blockchains

• How Dr. Henry got into Bitcoin and Blockchain technology

[05:55 - 19:17] A Solution Seeking A Problem

• Holding physical gold versus holding digital gold
• The investing trend in the market is driven by low-interest rates and will continue until central banks start raising rates again
• Exploring how digital currencies can be used in the developing world to circumvent bureaucracy and inflation.

[19:18 - 35:52] Interoperability and International Standards

• Central bank digital currencies create a catalyst to create value within the private crypto space
• Is cryptocurrency a massive Ponzi scheme?

[35:53 - 41:24] Closing Segment

• The highest and lowest risk reward in this space

Quotes:

“Money is an essential part of what governments do, and we need to make sure that we have control over that.” - Henry Kim

“If gold is a store of value, Bitcoin is a story of value.” - Henry Kim

Connect with Dr. Henry:

Email: hkim@schulich.yorku.ca

Connect with me on LinkedIn!

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