“The one thing I will say about bitcoin is that money, if you will, is something that is purely public or a public-private partnership,” Pozsar explained. “When I look at Bitcoin, it’s a purely-private initiative. It’s clearly lacking a state link. But then again, things are evolving, there are a number of countries that have adopted bitcoin as a legal tender, so things are definitely in flux there.”

https://bitcoinmagazine.com/markets/zoltan-pozsar-on-bitcoin-financial-system?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share