Faculty News
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In a co-authored op-ed, Professor Kim Schoenholtz argues that Bitcoin is unlikely to replace traditional payment systems
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![Huffington Post logo Huffington Post logo](/sites/default/files/styles/192w_x_144h/public/assets/images/huffpost192x144.jpg?h=cd55d432&itok=kptAA-t8)
Excerpt from The Huffington Post -- "Bitcoin has prompted many people to expect a revolution in the means by which we make and settle everyday payments. Our view is that Bitcoin and other 'virtual currency schemes' (VCS) lack critical features of money, so their use is likely to remain very limited."
Faculty News
—
![Huffington Post logo Huffington Post logo](/sites/default/files/styles/192w_x_144h/public/assets/images/huffpost192x144.jpg?h=cd55d432&itok=kptAA-t8)
Excerpt from The Huffington Post -- "Bitcoin has prompted many people to expect a revolution in the means by which we make and settle everyday payments. Our view is that Bitcoin and other 'virtual currency schemes' (VCS) lack critical features of money, so their use is likely to remain very limited."