After a nearly 20x run up in 2017, the digital currency Bitcoin hit all time highs and was valued at nearly $20,000 per coin. It quickly collapsed down to ~$4000. Yet, as we approach the end of 2020, it's value is back to the 20k level, and mainstream adoption is increasing.
What does the rise of bitcoin mean for our financial system? What are the regulatory and legal implications of decentralized, digital currencies?
Lawyer and law professor Nelson Rosario joins us to explore these topics. His fascination with the topic led him to create one of the first law school classes exploring digital currencies.
In this episode, we explore:
+What bitcoin and digital currencies are
+Who is investing in and using these currencies
+What money is - and what it says about society
+The regulatory and legal challenges posed by Bitcoin
