This Week's topic concerns cryptocurrencies. Is the comment, "cryptocurrencies qualify as a money market instrument since they offer liquidity" correct? [Liquidity: The degree that an asset or security can be quickly sold (converted to cash) without affecting its value. ] There are many comments made about cryptocurrencies, not all correct, not all wrong. Are cryptocurrencies a currency or an investment or both? Are they a money market instrument? Are they liquid? Do they completely fill all the above functions of money? Do not get into what a Bitcoin futures ETF, such as ProShares ETF, does for liquidity, as that is beyond our course. Another point on which you might find useful to comment: Since one function of money is a standard of deferred payment, consider what lending is available in cryptocurrencies with repayment in the same cryptocurrency? What interest rate, for what term to maturity, with what collateral? Would you be willing to use a credit card denominated in cryptocurrency? Your home mortgage? Consider how the value of Bitcoin against the US Dollar has changed in the last four years: FRED What do the large fluctuations in various cryptocurrencys' exchange rates into U.S. Dollars imply about them? What happens if a Crypto platform goes bankrupt? Read the attached for more on that situation. WSJ 2022 07 02 Crypto's Domino Effect Is Widening, Threatening More Pain.pdf & There are no shortage of discussion points, although some are a bit off topic. You can also go into the related issue concerning banking: What does the future of banking look like if depositors don't need banks? Without deposits, how would bank lending be different? With cryptocurrencies, would bank runs and panics be more likely or less? How effective would monetary policy become? Money laundering policies? Terrorism financing policies? Compared to a bank account, is privacy an issue? Are there environmental issues? Are there security issues in that can stolen or fraudulently obtained cryptocurrencies be recovered