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. Other points you might find useful: What lending is available in cryptocurrencies rather than fiat-money-based loans 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? What do the recent 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 What does the future of banking look like if depositors don't need banks? Without deposits, bank lending would 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? Is privacy an issue compared to a bank account? Are there environmental issues? Security: Can stolen or fraudulently obtained cryptocurrencies be recovered? There are no shortage of discussion points. 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. Other points you might find useful: What lending is available in cryptocurrencies rather than fiat-money-based loans 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? What do the recent 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 What does the future of banking look like if depositors don't need banks? Without deposits, bank lending would 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? Is privacy an issue compared to a bank account? Are there environmental issues? Security: Can stolen or fraudulently obtained cryptocurrencies be recovered? There are no shortage of discussion points