Dirhams & Dollars

It may not be the most important story ever, but over the weekend, the rise and fall of Bitcoin was THE story. Move over, Brexit. Bitcoin, that little bit of encrypted nothingness, was worth $10,000 last week, but it surged on Friday, topping out over $19,000 on some exchanges. Since then, it’s been a rough ride. Just what happened to drive this controversial currency to such heights? Ed, Sarah, and Scott talk - or more accurately, argue - about just what is going on. While we all seem to agree there is a place in the world for cryptos, that agreement comes to sudden halt over just why it has any value at all. We also have very different ideas on where it’s going. We also talk about events coming in the week ahead, including the meeting of three major central banks and the Arab Strategy Forum, which will have Ian Bremmer and Joseph Stiglitz, the Nobel prize winner in economics who thinks Bitcoin should be outlawed. Just sayin’.