BITCOIN ISN’T REAL MONEY, SAYS MIAMI ECONOMIST

  • BITCOIN ISN’T REAL MONEY, SAYS MIAMI ECONOMIST
  • By implication cryptology also represents the future of money, and the future of banking and finance.
  • In an appearance before a Florida judge, the Barry University professor argued that bitcoin isn’t real money and more of like “poker chips that people are willing to buy from you,” according to The Miami Herald .
  • The professor told the court that a central government or bank has to back bitcoin or any other form of digital currency, its regulation varies by jurisdiction, and the Internal Revenue Service still considers bitcoin trades the same as bartering.
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In an appearance before a Florida judge, the Barry University professor argued that bitcoin isn’t real money and more of like “poker chips that people are willing to buy from you,” according to The Miami Herald.


BITCOIN ISN’T REAL MONEY, SAYS MIAMI ECONOMIST