Bitcoin Must Be Tied to Commodities Basket to Be Currency - Steve Hanke

Bitcoin (BTC) is not a currency, and to be one it needs to be tied to a basket of commodities, says Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University and a prominent expert on hyperinflation. Hanke warned against investing in this asset. "Bitcoin is a highly speculative asset, not a currency," wrote Hanke in a recent tweet, attaching