“It’s exactly why bitcoin was created,” Michael Novogratz, CEO of the cryptocurrency-focused investment firm Galaxy Digital, told CNBC last week. It’s a common refrain heard these days from bitcoin bulls: that the U.S. dollar and other currencies will eventually be debased by the injections of trillions of dollars of coronavirus-related aid and monetary stimulus by governments and central banks. That should, theoretically, strengthen the case for bitcoin, the oldest and […]
Bradley Keoun
2 posts
As economists scramble to assess the devastating impact of the coronavirus, they’re homing in on an unexpected hero that’s mitigating the damage in the U.S.: remote working. With offices across the country closed and people stuck in their homes, many professional workers have accomplished a not-seamless but ultimately successful transition to online workplaces — allowing those in crucial industry sectors including professional and business services to […]