Bell Ringers

Bell Ringer: Cryptocurrency and Government Currency

Cryptocurrency and Government Currency

Forbes Media chairman and co-author of "Inflation" Steve Forbes discussed the potential for stable coin cryptocurrencies to take the place of governmental currencies. He was interviewed by New York Times economics reporter Jeanna Smialek.

Description

Forbes Media chairman and co-author of "Inflation" Steve Forbes discussed the potential for stablecoin cryptocurrencies to take the place of governmental currencies. He was interviewed by New York Times economics reporter Jeanna Smialek.

Bell Ringer Assignment

  • What "point" does Steve Forbes discuss about cryptocurrency, like Bitcoin? What example does he provide?
  • Regarding cryptos, what is the "miracle?"
  • Based on the clip, what are "stable coins?" What role does Forbes think stable coins will have in the future?
  • Why did Turkey ban stable coins, according to Forbes?

Additional Resources

Participants

    Vocabulary

    • Asset
    • Block Chain
    • Commodity
    • Cryptocurrency
    • Gold Standard
    • Money
    • Mortgage
    • Speculative
    • Volatile

    Topics

    Economics & Financial LiteracyScience & Technology

    Grades

    Middle SchoolHigh SchoolUniversity