Bitcoin “Exists Because of the Abuses” — Nobel-Winning Economist Joseph Stiglitz Speaks Out

Joseph Stiglitz: Not everyone is a fan of Bitcoin. Despite proclamations from supporters about its revolutionary technology and the “freedom” it offers its users, many are still not convinced.

If you’re Bitcoin, it must not bode well for you to have a major critic in the form of Nobel-winning economist and Columbia Professor Joseph Stiglitz. Today, Stiglitz spoke with Financial News of his concern about the adoption of the unregulated financial asset which he believes elicits illegal behaviors as it has no central authority and its users can be totally anonymous. He has spoken to Bloomberg …