Bitcoin narrative woes: How Trump Fed pick Kevin Warsh will finally give price stability

Wolfgang Münchau is a columnist for DL News. He is co-founder and director of Eurointelligence, and writes a column on European affairs for UnHerd. Opinions are his own. When the price of Bitcoin hit a low of $61,000 last week, the crypto-hating economists came out in force once again. Nouriel Roubini talked about “The Coming Crypto Apocalypse.” Olivier Blanchard ruminated that even a valueless asset like Bitcoin can have a strategic advantage if it constitutes a hedge against adverse shocks, but crypto i ...