Liked the last part.
The Peterson’s Institute’s Posen isn’t buying that. To succeed, he says, bitcoin must become both a store of value for people’s savings and a much more widely accepted unit of account for transactions. But he says investors will be deterred by the extreme volatility from owning bitcoin and that for payments it lacks a key source of leverage enjoyed by currencies issued by the world’s central banks: “You can force someone to accept dollars as a unit of account but you can’t force them to accept bitcoin,” he said.
I rarely come across something that I both agree and disagree twice in a row in one paragraph.
