https://www.scmp.com/rss/326919/feed is part of the AXA Investment Managers’ research team en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Economists have quite a strict definition of what can be labelled “money” or “currency”. It must combine four attributes – it must be a medium of exchange, it should serve as a unit of account, it has to be able to store value and it must be legal tender. At the moment, bitcoin and other cryptocurrencies meet none of these criteria. First, none have become a broadly accepted means of payment. Second, apart from crypto exchanges, only a handful of exchanges refer to value in bitcoin. Third,... https://www.scmp.com/comment/insight-opinion/article/2142205/bitcoin-and-ethereum-are-still-drops-ocean-financial-markets?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2142205/bitcoin-and-ethereum-are-still-drops-ocean-financial-markets?utm_source=rss_feed Wed, 18 Apr 2018 05:15:45 +0000