RATE Group | If Money Equals Freedom of Speech, What About Bitcoin?
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If Money Equals Freedom of Speech, What About Bitcoin?

24 Jul If Money Equals Freedom of Speech, What About Bitcoin?

Posted at 03:59h in Bitcoin News by

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The U.S. Supreme Court equates money with freedom of speech. Now, The Financial Services Committee of the U.S. House of Representatives is trying to determine whether or not Bitcoin is money. If so, should Bitcoin also be equated with freedom of speech? 

The Debate About Whether Bitcoin is Money Gains Steam

Although there is a lack of consensus, many argue that Bitcoin is money. Early this year, Goldman Sachs issued a report entitled “Bitcoin as Money.” When the report was released, Forbes asked the economists involved in the study whether Bitcoin could succeed as a form of money.

“In theory, yes,” the Goldman economists replied.

According to Forbes, for these economists:

If Bitcoin is capable of facilitating transactions at a low cost or can provide better risk-adjusted returns for portfolios, then it is as good as money.

On the other hand, the courts have struggled to define what Bitcoin is. For instance, New York courts have held that Bitcoin is money. The New York…

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