Bitcoin-mania a symptom of eroding trust in mainstream institutions

Cryptocurrency explosion threatens the power of central banks and national governments, writes Matthew Lombardi.

While its status as a currency is in dispute, what is clear is that bitcoin is the first asset class to have emerged entirely outside of the purview of mainstream investment and commercial banks, according to Matthew Lombardi. Flickr/DocChewbacca photograph

Opinion

BY MATTHEW LOMBARDI

December 20, 2017

A well-worn political idiom, popularized by former U.S. President Ronald Reagan, holds that citizens ‘vote with their feet’. Put simply, unhappy citizens will abandon unfavourable conditions whenever and wherever possible. A good marketer recognizes that the business world is not immune from thi...

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