Are Governments Too Addicted to Deficits to Adopt Bitcoin and Crypto?

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CME Group chairman and CEO Terry Duffy tells Business Insider that Bitcoin is lacking fundamental features that would make it attractive to governments. Namely, it’s not backed by fiat, and cryptocurrencies such as Bitcoin that operate on finite supplies ultimately prevent monetary policymakers from running it on a deficit. Says Duffy, “The governments can’t run […]

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