Bitcoin news: Bitcoin will bring return to ‘GOLDEN ERA of capitalism’ – Saifedean Ammous…

The extraordinary prediction was made by Dr Saifedean Ammous. The bitcoin economist has written about the subject extensively in his book, The Bitcoin Standard: The Decentralised Alternative to Central Banking. The Lebanese academic is Professor of Economics at the Lebanese American University and a member of the Centre on Capitalism and Society at Columbia University.

Dr Ammous told Express.co.uk bitcoin allows the technology to recreate the Gold Standard, which he maintained was responsible for “the most transformative and innovative period in human history since the late 18th century and early 19th century”.

The world has never prospered in the same way since it operated under the Gold Standard – during the so-called “Golden period of capitalism” – and bitcoin will one day allow us to return to “the old, unadulterated version of capitalism”, the author argued.

The world’s leading cryptocurrency “is going to offer people a new, hard form of money that cannot be…