Bitcoin allows the public to ‘take control of our wealth and our money’

The IPA’s Gideon Rozner says Bitcoin is a fully decentralised form of currency that allows the public “to take control of our wealth and our money in a way that has never been done in human history before”.

“It’s being adopted in places like El Salvador that lack banking infrastructure but it’s also being adopted in countries with a history of unstable currencies like Nigeria, Venezuela, and Argentina,” he said.

“So I suspect a lot of the developing world and the developed world for obvious reasons will use it as a hedge against inflation.

“The bottom line is, it’s looking at a currency future without central banks, without institutional banks, without retail banks… it is a very promising, empowering, and exciting technology.”

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