A leading French academic and central bank policymaker has called bitcoin (BTC) a “myth” and a “pseudo-currency,” and dismissed the token’s chances of becoming money in the future, claiming that it fails to meet criteria currently fulfilled by fiat.
The claims were made in a paper released by the Banque de France, the country’s central bank. The paper was authored by Christian Pfister, an associate professor of economics and cryptocurrencies at the prestigious Pantheon-Sorbonne University. Pfister is also the director-general of the central bank’s Financial Stability and Operations department.
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