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Bitcoin is not commonly used for payments, George Selgin argues

Bitcoin is not commonly used for payments, George Selgin argues
Bitcoin limited as payment medium

George Selgin questions Bitcoin’s status as money, emphasizing its limited adoption as a payments medium.

He notes that Bitcoin is now seldom the preferred option for transactions even within crypto markets.

Selgin has previously challenged the notion that central banks are natural institutions, arguing that currency-issuing privileges were granted through legislation. In separate commentary, he described interventions during spending downturns as bailouts for producers. His recent remarks on Bitcoin extend his focus on monetary structures and adoption.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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