# Professor David Yermack's comments on bitcoin at the Consensus 2019 event are highlighted

1 Faculty News May 16, 2019 ![](/sites/default/files/styles/246w/public/assets/images/con_036825.gif?itok=Nq4akC9D)>

Excerpt from [American Banker](https://www.americanbanker.com/list/5-questions-about-the-future-of-blockchain) -- "'For economists, one of the things we like about crypto is that it pushes you back to first principles,' said [David Yermack](https://www.stern.nyu.edu/faculty/bio/david-yermack), chairman of the finance department at New York University's Stern School of Business. 'It makes you reconsider if we need banks to have banking.'"

[Read more](https://www.americanbanker.com/list/5-questions-about-the-future-of-blockchain)