Fintech guru and author David Birch argues that the dollar’s dominance on global finance will be soon challenged by the rise of private and state-owned digital currencies.
0:00 - Intro
1:14 - Why may the U.S. dollar lose its dominance?
3:12 - How are private and state-controlled digital currencies going to coexist?
5:54 - Why would governments willingly give up their monopoly on money?
7:40 - What role could Bitcoin play in this future scenario?
10:53 - Why should money be under 'democratic control?'
14:05 - Does the U.S. need to offer privacy in order to win the currency war with China?
17:23 - Outro
Get your Cointelegraph merch here: http://bit.ly/2X67nM7
Use this code for your 30% discount in our store: HODLERSDIGEST30
#Cointelegraph #Bitcoin #CryptoMarkets
Subscribe to Cointelegraph: https://goo.gl/JhmfdU
Follow COINTELEGRAPH:
Website: https://cointelegraph.com/
Telegram: https://t.me/cointelegraph
Facebook: https://www.facebook.com/cointelegraph
Twitter: https://twitter.com/cointelegraph
Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.