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Is bitcoin the new gold?
Published: 7 November 2017
Bitcoin has been the target of much speculation among financial circles with some experts alleging that it has the potential to become comparable to gold, a currency legitimized through social convention.
In a piece for Asia Times, Desautels professor Reuven Brenner explores what it takes for a new monetary yardstick to emerge, and argues that, historically, social convention must be combined with scarcity.
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