Https://cb.run/aNT7 Why Doesn’t Wall Street Understand Bitcoin?
Goldman Sachs Veteran ExplainsJohn Haar – a former member of Goldman Sachs’ Asset Management division – published an article detailing what he perceived were commonly held views about Bitcoin, sound money, and economics on Wall Street.
He listed multiple reasons for which members of traditional finance either object to or fail to appreciate Bitcoin’s potential as global money.
Ignorance of Economic History As explained in a blog post for Swan on Monday, Haar said that “virtually no one” has spent time understanding the history or fundamentals of money.
For example, they do not grasp the characteristics that made gold historically dominant money: durability,...