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The Daily Hodl 2019-07-10 14:45:06

Bitcoin Too Volatile to Replace Fiat, Says Former Morgan Stanley Economist

Andy Xie, Morgan Stanley’s former chief Asia-Pacific economist, says that Bitcoin will never replace fiat currency due to its “huge volatility.” Xie, who is famous for predicting the 1997 Asian financial crisis, tells the Korea Times that he believes Bitcoin is a “gambling instrument” for people living in Japan, South Korea and China. Says Xie, […]The post Bitcoin Too Volatile to Replace Fiat, Says Former Morgan Stanley Economist appeared first on The Daily Hodl.

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