As the economic dimension of the COVID-19 crisis comes into clearer view, what have we learned about the battle for the future of money? Does the dollar reign supreme? Are within-the-system competitors like the euro or China’s digital yuan gaining ground? Does an outside the system alternative like bitcoin stand a chance?
Over the last month, the “Money Reimagined” series has looked at the battle for the future of money.
Episode 1 focused on the dollar and why it is simultaneously stronger and more set up to fail than ever before.
Catch up: Why the Dollar Has Never Been Stronger or More Set Up to Fail
Episode 2 was all about the obvious contenders to replace the dollar such as the euro or China’s currency, especially as they race towards a digital yuan. It also looked at where Facebook’s Libra might fit in the mix.
Catch up: The Rise of the Dollar Killers
Episode 3 looked at one of the most unique features of this modern currency battle - the fact that there are fundamentally new systems like bitcoin in the running. Can a non-sovereign currency actually be more relevant than global fiats?
Catch up: Where Bitcoin Fits in the New Monetary Order
This final episode of the “Money Reimagined” series checks in on each of the previous episodes but brings a new set of voices to the mix. Between May 11 and May 14, CoinDesk hosted Consensus:Distributed, a virtual summit featuring some of the leading lights in crypto, finance, economics and pop culture. In this episode, we hear from those voices, including:
- Lawrence Summers - former U.S. Treasury Secretary
- Christopher Giancarlo - former Chairman of the CFTC
- Michelle Phan - YouTube innovator and founder of Ipsy
- Chaoping Zhao - founder and CEO of Binance
- The Winklevoss brothers - founders of Gemini
- The Chainsmokers - Grammy-winning artists
- Carlota Perez - influential economist
