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A bitcoin trading machine at a supermarket in New York
Even as the cryptocurrency touches $51,000, governments will continue to protect their monopoly over money
Governments like India are worried that cryptocurrencies will make it very easy for individuals to move their money out of the country, circumventing existing controls
MUMBAI : Have fun staying poor. This is what bitcoin believers say when you poke holes in their idea of the cryptocurrency becoming a form of money. Now with bitcoin briefly crossing the price of $50,000, these taunts are likely to increase. But derision will not work with the author and philosopher, Nassim Nicholas Taleb, who has been a bitcoin fan for many years—for, he’s changed his mind.
