Nobel Prize winner Joseph Stiglitz: Once the cryptocurrency market is huge, the government will beat it

According to The Economist, Joseph Stiglitz, a Nobel laureate in economics and a professor at Columbia University, criticized the anonymity of Bitcoin. He believes that this anonymity is contrary to the idea of creating a “transparent banking system.” A cryptocurrency like Bitcoin allows “evil activity,” which “any government does not allow.” Stiglitz further said that the global financial regulator has not taken tougher action, because the cryptocurrency market is still relatively small, he said: once the cryptocurrency market becomes important, the government will pick up a sledgehammer.

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