Economic Historian Niall Ferguson: Crypto ‘Won't Turn Out to Be a Complete Delusion'

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

The historian — who authored a book on the history of currencies, “The Ascent of Money” —  made his remarks at a private event during the Australian Financial Review (AFR) Business Summit earlier this week, the AFR reported on March 6.

"I was very wrong. Wrong to think there was no […] use for a form of currency based on blockchain technology," Ferguson is reported to have said. Notably, as of