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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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