Skip to main content
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Students
    • All Topics
  • Contact
  • Submit
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • University Statements
  • Syracuse University Impact
  • |
  • The Peel
  • Athletics
Sections
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • University Statements
  • Syracuse University Impact
  • |
  • The Peel
  • Athletics
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Students
    • All Topics
  • Contact
  • Submit
American Banker

So What is Bitcoin?

Friday, December 22, 2017, By Sawyer Kamman
Share
facultySchool of Information Studies

Bitcoin surged to the forefront of American culture late in 2017, when prices per coin hit $20,000. However, despite its high value and popularity, many had no real idea what the currency is. American Banker set out to answer that question, with help from iSchool Professor Lee McKnight.

“New York State financial regulators and the IRS say bitcoin is a digital commodity, so it’s a crypto commodity,” he said. “It’s a store of value and a hedge in uncertain times. Look at the current political and climate and who’s president. There’s a lot of uncertainty and market hedging.”

Read Full Article
  • Faculty Experts
  • Lee W. McKnight

  • Recent
  • Neal Powless Inducted Into American Indian Athletic Hall of Fame
    Tuesday, June 3, 2025, By Kelly Homan Rodoski
  • Japan’s Crackdown on ‘Shiny’ Names Sparks Cultural Reflection
    Tuesday, June 3, 2025, By Keith Kobland
  • The Milton Legacy: Romance, Success and Giving Back
    Monday, June 2, 2025, By Eileen Korey
  • Five Tips to Protect Your Health and Prepare for Worsening Air Conditions
    Monday, June 2, 2025, By Daryl Lovell
  • Newhouse Professor Robert Thompson Featured on ‘NBC Nightly News’ for Pop Culture Lecture Series
    Monday, June 2, 2025, By Keith Kobland

Subscribe to SU Today

If you need help with your subscription, contact sunews@syr.edu.

Connect With Us

  • Facebook
  • @SyracuseUNews
  • Youtube
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
  • @SyracuseU
  • @SyracuseUNews
  • Social Media Directory
  • Accessibility
  • Privacy
  • Campus Status
  • Syracuse.edu
© 2025 Syracuse University News. All Rights Reserved.