Practical analysis for investment professionals
13 February 2014

Take 15: Bitcoin and Monetary Policy (Video)

Posted In: Economics

Nicholas J. Colas managing director and chief market strategist for ConvergEx Group, discusses his views on Bitcoin as an alternative currency payment system and phenomenon.

In a poll of our readers last April, only 17% of respondents believed that Bitcoin will remain a viable alternative to government-sponsored currencies for the long term. “This is something very new and very unique, and therefore has a very high potential for failure, because it might take two or three next iterations of virtual currency to build the right structure,” Colas warns. “All we can say right now is that Bitcoin is far and away the most elegant solution to a decentralized currency that we’ve see so far.”

This episode of the Take 15 Series was originally released on 30 January 2014.

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About the Author(s)
Ron Rimkus, CFA

Ron Rimkus, CFA, was Director of Economics & Alternative Assets at CFA Institute, where he wrote about economics, monetary policy, currencies, global macro, behavioral finance, fixed income and alternative investments, such as gold and bitcoin (among other things). Previously, he served as SVP and Director of Large-cap Equity Products for BB&T Asset Management, where he led a team of research analysts, 300 regional portfolio managers, client service specialists, and marketing staff. He also served as a Senior Vice President and Lead Portfolio Manager of large-cap equity products at Mesirow Financial. Rimkus earned a BA degree in economics from Brown University and his MBA from the Anderson School of Management at UCLA. Topical Expertise: Alternative Investments · Economics

1 thought on “Take 15: Bitcoin and Monetary Policy (Video)”

  1. Bitcoin as a currency transaction that its still far away from being used as currency for payment because it has an enormous problems of exchange issues as well as the cyber security of the currency transactions. There are other hurdles of Government regulations that needed to be passed as well for its use.

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