No, Professor Quiggin, cryptocurrencies are not worthless: Australia must prepare for the rise of digital assets

Critics like John Quiggin question Bitcoin's legitimacy, comparing it to a worthless asset, but the value of any commodity, including Bitcoin, often depends on community recognition and market demand. The Zimbabwe diamond rush analogy shows that value is often only realized when there is a market. The Australian Treasurer wants the country to be proactive when[...]

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