Question: 1 - What is a currency? Does Bitcoin meet the classical definition of a currency? Why or Why Not? Is Bitcoin an investment? How has

1 - What is a "currency"? Does Bitcoin meet the classical definition of a currency? Why or Why Not? Is Bitcoin an investment? How has it performed? Would you invest in "Bitcoin?" If Bitcoin is not an investment, what is a reason that so many companies and individuals are "investing" in it?

2 - Should monetary authorities around the world and policymakers be concerned with crypto-currency? Why? What can they do about the prevalence of crypto currencies? Could systemic risks develop that threaten economies like "The Great Recession?"

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