Published on July 10th, 2018 | by bitcoin0
Nobel Prize Winner & Economical Expert Harsh on Cryptocurrency
Nobel prize-winning economist and Columbia University professor Joseph Stiglitz is among those critics.
Although the ledger of transactions that has taken place on the blockchain is public, Stiglitz says the anonymity of bitcoin opens the door for criminal enterprises.
In fact, Stiglitz has said further regulation of bitcoin will render it useless.
In addition to Stiglitz, financial stalwarts such as Warren Buffett, International Monetary Fund head Christine Lagarde and J.P. Morgan CEO Jamie Dimon have all criticized bitcoin.
“I’d like us to move more towards an electronic payments [system] but you don’t need a bitcoin for that,” Stiglitz told Bloomberg in January.