Susan Joseph

executive director of Fintech at Cornell University

Susan Joseph is the executive director of Fintech at Cornell University and says if the U.S. moves to adopt Bitcoin as a reserve currency, there will be pressure in other countries to follow suit.  

Joseph says:

“I think there’s a lot of evidence to suggest the price will continue to go up. There are a lot of pressures driving the price right now from political to technical.

“BlackRock launched its Exchange Traded Funds last January, and private wealth managers are only just now getting instructions that will allow them to offer crypto-based investments. There’s also the possibility that Bitcoin will be used as a global reserve currency.

“As far as crypto’s reputation, I think it’s still a speculative asset, like digital gold. But, just as there is a tolerance for some small number of bad actors in the traditional banking sector, I think the same should hold true for crypto. I think it’s important that people have the freedom to transact, and I don’t think government should be able to ban one method completely.”