Thesis: The value of bitcoin comes from government. At first, the failure of monetary governance brings the rise of bitcoin. Last, Government defines bitcoin as an asset not as money and bitcoin run under the rules of neoliberalism. Government sustains its value under neoliberalism.
Discuss why government is important in monetary system in the case of bitcoin.
*IPE perspective is needed. IPE related references should be considered first.
*Hayek and Polanyi have to be used.
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For references:
*Denationalization of money is utopia.
*Weakness / failure of classical liberalism
*The role of government is important in term of regulation and monitoring
*Trust is important for money because money is semiotic
*Liberalism is embedded.
