The Unbearable Uselessness of Crypto
Following the collapse of FTX, in his latest opinion piece for Project Syndicate, Professor Andrés Velasco, Dean of the School of Public Policy at the London School of Economics and Political Science, looks at the reality of the crypto industry.
He writes: "What is truly unforgivable is that in the 14 years since Bitcoin appeared, the crypto industry has failed to produce anything of value. What factories have been built with crypto? Which new goods and services are available? What government has raised money through crypto? Certainly not El Salvador, which adopted Bitcoin as legal tender and is now on the verge of debt default."
Read the full article here.
Article was originally published on Project Syndicate.