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Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold. He believes that people want an alternative to gold that is “separate and apart from the day-to-day workings of governments.” Former World Bank Economist Larry Summers Sees Bitcoin as Digital Gold Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration and as director of the White House National Economic Council in the Obama administration, talked about the future of cryptocurrencies…
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