Crypto surge partially reflects less trust in government: Economist Judy Shelton
The surge in crypto prices may not be solely driven by Trump’s bullishness, says veteran economist Judy Shelton.
“The whole decentralized finance movement does reflect less trust in government management of money,” Shelton said at the Yahoo Finance Invest conference on Tuesday.
“I consider it a moral contract between citizens and the government that the money perform as a meaningful unit of account and a reliable store of value,” Shelton added. “I think it’s very healthy to challenge the protected status of the dollar as our legal tender by allowing continual innovation in the sphere of alternative currencies.”
Her comments come as bitcoin prices have surged close to $90,000 following Trump’s election win, which has crypto…
