Will bits replace banks? “Banks are classic intermediaries,” says Chicago Booth’s Randall Kroszner, but bitcoin makes it possible to exchange money, securely, without them. Moreover, he says, bitcoin is a great alternative currency for when your country’s central bank is “behaving badly.”
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![Bitcoin [btc]: us pension funds to support $40m bitcoin venture fund, says morgan creek digital ceo](https://ohiobitcoin.com/wp-content/uploads/2019/02/Bloomberg.png "Bitcoin [btc]: us pension funds to support $40m bitcoin venture fund, says morgan creek digital ceo")