Daily Crypto News

Bitcoin Can Save Our Ghost Money Financial System

This is an opinion editorial by Ansel Lindner, an economist, author, investor, Bitcoin specialist and host of “Fed Watch.”

Ghost money has a long history but only recently became part of the bitcoin vernacular via premier eurodollar expert, and bitcoin skeptic, Jeff Snider, Chief Strategist at Atlas Financial. We’ve interviewed him twice for the Bitcoin Magazine podcast “Fed Watch” — you can listen here and here, where we talked about some of these topics.

In this post, I will define the concept of ghost money, discuss the eurodollar and bitcoin as ghost money, examine currency shortages and their role in monetary evolution, and finally, place bitcoin in its place among currencies.

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