Noah Parson

"It wouldn't be wise to write off virtual currencies."

Now that Bitcoin has reached prices well in excess of 10,000 euros, it is more likely that cryptocurrencies will actually have an effect on global finance. Institutions, banks and economists are only partially aware of this.

Perhaps, to paraphrase Marx, there is actually a ghost in the financial world at the moment, and maybe this ghost is called Bitcoin and Fear that accompanies it is that the cryptocurrency is destabilizing the global financial systems.

It has been claimed since 2009 that Bitcoin, stateless, bankless and inflation-free money, can have an effect on the world financial system. Such an impact would not be a coincidence, it would be deliberate. Bitcoin was not created to coexist peacefully alongside conventional finance - but to challenge, fight and replace it. Bitcoin eliminates the influence of middlemen and central banks on the monetary system. It goes without saying that this is revolutionary.

However, the likelihood of this happening was considered extremely small for a long time. Typically, the idea that Bitcoin is revolutionizing finance has long drawn a derisive smile from bankers and economists. Regulators around the world have turned to cryptocurrency, but only to curb the criminal use of Bitcoin, i.e. to intervene on the micro-level of individual