Coindesk: Bitcoin 'Making Progress' on Bid to Oust Dollar, Morgan Stanley Chief Global Strategist Says – MrTopStep.com LLC
Bitcoin ‘Making Progress’ on Bid to Oust Dollar, Morgan Stanley Chief Global Strategist Says Morgan Stanley Investment Management’s Chief Global Strategist Ruchir Sharma waxed bullish on bitcoin’s potential to usurp the U.S. dollar for payments in a Wednesday Financial Times op-ed. “Today, most bitcoins are held as an investment, not used to pay bills, but that is changing,” Sharma wrote. He cited increasing BTC (BTC, -0.52%) usage in small pockets of international trade and PayPal’s recent move to tap cryptocurrencies as a funding mechaism. Considered in the context of fall...
Source: mrtopstep.com