Can bitcoin threaten market stability?

Published by Institutional Investor.

In a February 12 panel discussion at the American Enterprise Institute in Washington, Alex Pollock, a distinguished senior fellow at the R Street Institute, likened Bitcoin to “private currencies” such as 19th-century U.S. bank notes, which gave way to government fiat. He said that if Bitcoin became a threat to the monetary order, “it’s a good bet” that government would take it over.