Bitcoin Is More Than a Bubble and Here to Stay


Manage episode 294121696 series 2300998
By IQ2US Debates. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Is Bitcoin here to stay? Cryptocurrencies hold the promise of revolutionizing global finance by placing control in the hands of users, not nations, and making financial exchanges more transparent, efficient, and democratic. But given the yet-another-round of boom and bust cycles seen recently, questions remain: Could cypto ever be considered a safe bet? Proponents say the hype is warranted, with naysayers increasingly jumping on the Bitcoin (block) train. Yet skeptics and critics – like Elon Musk – suggest this highly volatile digital currency offers a platform for illicit activity, including money laundering and trafficking of humans and drugs, free from government oversight and regulation. They argue Bitcoin has no intrinsic value – the price is based on market enthusiasm rather than actual utility. So… in light of renewed attention, Intelligence Squared U.S. sought to resurrect this highly relevant debate: Is Bitcoin More Than a Bubble and Here to Stay?

Learn more about your ad choices. Visit

236 episodes