Jon Matonis on Bitcoin CryptoCurrency−Is “Digital Gold” The Future Of Money?
What is Bitcoin, and Can It Compete with Government Currency Monopolies?
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Jim welcomes Jon Matonis, an e-Money researcher and Crypto Economist focused on expanding the circulation of nonpolitical digital currencies. Jon explains the definition of "crypto-currency" and discusses Bitcoin, the first true crypto-currency, which he describes as ''digital gold." Jon and Jim discuss the potential of Bitcoin, if it will eventually compete against government monopoly currencies, and if crypto-currencies could in fact become the future of money itself.