- In a recently published book, economists are looking at how people are questioning the current world’s fiat currency system.
- Interestingly, Bitcoin can support artists, and artists can spread the word about Bitcoin.
- BTC is currently trading at $21,301.30 after a 2.89% drop in price over the last day.
In a recently published book, economists Allen Farrington and Sacha Meyers address some of the questions about capitalism and modern economic theory and how people are questioning the current world’s fiat currency system.
One of the essays in the book is about the fact that fundamentally, there is a connection between art and Bitcoin. The authors believes that if artists fully embrace the potential of Bitcoin, they will be able to carry on the ideas behind Bitcoin and other digital assets into the future.
Moreover, Bitcoin could be beneficial to artists as well. In the current social and economic system, the financial stability of artists is undermined. Bitcoin can offer artists a defence against this issue. In other words, Bitcoin offers artists an economic opportunity that they never had before.
According to the economists behind the book, Bitcoin can support artists and artists can spread the word about Bitcoin. They conclude that together, these two entities can defy the fiat monopoly over free thought and creativity.
BTC is currently trading at $21,301.30 after a 2.89% drop in price over the last day, and after reaching a high of $22,071.68 over the same time period. BTC is also currently down about 13% over the last week.
BTC’s market cap currently stands at $407,357,225,584. The crypto king’s trading volume is currently up more than 30% to now stand at $37,932,69,131.
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