Crypto… mania

From bruegel.org

Cryptocurrencies are here to stay. Coin Market Cap, a popular information site on all things crypto, lists close to 10,000 of them. The name suggests that they are currencies and most of them are, in that they have a value and are accepted as a means of payment. But they cannot be considered good alternatives to money for three main reasons. First, they are not accepted universally. You cannot use cryptocurrencies for daily expenses. It is unlikely you will be able to pay with a cryptocurrency for holidays or flights, or to buy a cinema ticket. You might be able to buy a house with bitcoin, for example, but only in ... (full story)