Research Channel

Bitcoin: The Flipside of Money

Just recently, California recognised Bitcoin and other digital currencies as valid forms of payment, and Bitcoin prices surged on this news.  But will digital monies make the breakthrough into the mainstream? 

KEVIN DOWD is the author of the recent IEA monograph New Private Monies: A Bit-Part Player? Here he argues that whilst Bitcoin may not thrive, the future will bring radical and successful innovations in this field.