RATE Group | Bitcoin wasn’t a response to the financial crisis, says NYU professor
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Bitcoin wasn’t a response to the financial crisis, says NYU professor

13 Sep Bitcoin wasn’t a response to the financial crisis, says NYU professor

Posted at 21:01h in Bitcoin News by

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In the aftermath of the bankruptcy of Lehman Brothers, which accelerated a global financial crisis, the cryptocurrency bitcoin was born, and an entirely new financial ecosystem was devised.

However, at least one expert is challenging the conventional wisdom that bitcoin and decentralized technology were the result of evangelists pushing back against the fallout from an economic crisis that brought the financial system to the brink, resulting in a wave of easy-money policies advocated by global central banks.

“Bitcoin happened to be launched in 2009, but it was the culmination of decades of attempts to…

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