A fundamental question has recently been on my mind: What is money? While this might seem straightforward, especially to those in traditional finance, unpacking it reveals deeper questions about money ...
All forms of money are not equal. The highest rung is occupied by cash. The only digital asset capable of replicating such a safe position is a CBDC. Safe in terms of liquidity and counterparty risk.
This excerpt from A Progressive’s Case for Bitcoin: New Revised Updated Edition explores how Bitcoin fulfills every core function and property of good money—revealing why it’s the best form of money ...