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Bookmarking Crypto InsightsSun, 08 Jan 2023 01:30:39 +0000en-US
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3232Former Fed Chair Alan Greenspan: Crypto Is Too Dependent on ‘Greater Fool Theory’ to Be a Desirable Investment
https://www.digit.info/former-fed-chair-alan-greenspan-crypto-is-too-dependent-on-greater-fool-theory-to-be-a-desirable-investment/
Sun, 08 Jan 2023 01:30:39 +0000https://www.digit.info/2023/01/08/former-fed-chair-alan-greenspan-crypto-is-too-dependent-on-greater-fool-theory-to-be-a-desirable-investment/Read more]]>Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” However, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the result of a feature inherent to crypto. He does not expect the FTX contagion to spread far beyond […]
Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” However, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the result of a feature inherent to crypto. He does not expect the FTX contagion to spread far beyond […]