Tomasz Wróblewski from the Warsaw Enterprise Institute (ex-Newsweek) was recently a guest in Monika Jaruzelska’s podcast. Among the questions from viewers, he also received this about cryptocurrencies.
Wróblewski on cryptocurrencies
Wróblewski is a well-known Polish journalist and publicist who promotes the ideas of the free market. He was the editor-in-chief of the weekly “Newsweek Polska” (2001–2004, 2005–2006), the magazine “Profit”, “Dziennik Gazeta Prawna” (2010–2011), the daily “Rzeczpospolita” (2011–2012); from March 2015 to August 2016 he headed the editorial office of “Wprost”. Today he runs his YouTube program – Freedom in renovation. Now he was also a guest of Monika Jaruzelska. Among the topics there was also the issue of cryptocurrencies.
The journalist stated that digital currencies are a phenomenon and the result of the previous economic crisis in 2008.
– About future[kryptowalut] hard to talk. It is certainly a phenomenon that results not so much from cryptocurrencies, but from the crisis of the monetary system – He said.
He further explained that the current system was established at the end of World War II, when both fighting forces were not yet fully certain when and how the conflict would end. In his opinion, the Bretton Woods project worked well for decades. But then – in the early 1970s – it collapsed and was replaced with something that was supposed to work temporarily. Unfortunately, it still works.
CBDC
According to Wróblewski, the current system will most likely undergo a transformation. He did not go on about Bitcoin whether Ethereumbut noted that central banks will start creating their digital currencies (CBDCs).
He believes that the dollar will cease to be the reserve currency in the form it is now. Instead, a digital euro dollar may be created, i.e. a currency based on a basket of euros and dollars. It will have a digitized version.
– Such talks are ongoing. (…) The euro would replace the dollar – added.
In fact, there is a trend in the world where countries are already working on their digital currencies. The leader in this race is China, which may issue e-yuan in 2021. In addition, Libra, Facebook’s digital currency, is to appear on the market in January 2021.
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