Joseph Stiglitz, who was a former chief economist and now a professor at Columbia University wants a Bitcoin ban. Reportedly, he says that Bitcoin market is deriving most of its potential from circumventing government agencies and lack of oversight.
He says the many fluctuations in Bitcoin market affects investors and thus it must be prohibited as it doesn’t serve any ‘socially useful function.’
Although he says he does support technological invention in payments, he believes digital currencies must be fiat and manage by government.
Read more here: Joseph Stigliz says Bitcoin must be ‘prohibited’