Bitcoin Simply Existing Positively Impacts Monetary Policy: Research

Cointelegraph | Aug 19, 2019 at 9:20 AM
  • The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends.
  • They have three important positive areas of impact on the existing monetary system, the authors note.
  • Citizens secure welfare gains from the existence of cryptocurrencies because they offer diversification; moreover, private digital currencies serve as competition for local investment and thus restrain monetary policy, thereby generating lower inflation.