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Are Bitcoin and Other Forms of Cryptocurrency the Future of Money?

Posted on AllSides March 9th, 2022
From The Right
(Photo: Chesnot/Getty Images)

Cryptocurrencies such as bitcoin and ethereum are popping up everywhere. But many Americans may not completely understand what they are.

As governments around the globe struggle to legislate on this new digital money, it can be useful to know exactly what’s going on.

Heritage Foundation research fellow Peter St. Onge, an economist, says he sees incredible possibilities for a future with various forms of cryptocurrency.

“You could replace the entire insurance industry with a couple of lines of code, and then you could run those on something like ethereum, so...

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