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Respected Economist Jeffrey Sachs Says Bitcoin Offers Nothing of Social Value At a recent conference, the Columbia University professor slammed the cryptocurrency, suggesting it was a counterfeit product. Stay informed and join our daily newsletter now! Email March 17, 2021 2 min read Economist and public policy analyst Jeffrey Sachs didn t mince his words last Sunday when asked for his thoughts on Bitcoin at a conference sponsored by Alma Mater Europaea university in Slovenia and the European Academy of Arts and Sciences, Fortune reports.  Speaking at the  All About People: Digital Transformation in Science, Education, and Art conference, Sachs, an author and Columbia University professor, told an attendee that he was not a fan at all of Bitcoin. He added that the cryptocurrency is not a store of value, is not a medium of exchange and offers nothing of social value.

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