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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 Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities
https://www.digit.info/former-fed-chair-bernanke-bitcoin-is-mainly-used-in-underground-economy-for-illicit-activities/
Tue, 17 May 2022 00:00:24 +0000https://www.digit.info/2022/05/17/former-fed-chair-bernanke-bitcoin-is-mainly-used-in-underground-economy-for-illicit-activities/Read more]]>Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an alternative form of money.” Ben Bernanke on Bitcoin, Cryptocurrency Former Federal Reserve chairman Ben Bernanke shared […]
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 Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an alternative form of money.” Ben Bernanke on Bitcoin, Cryptocurrency Former Federal Reserve chairman Ben Bernanke shared […]