The former head of the FED named Bitcoin weaknesses
The former head of the US Federal Reserve, Janet Yellen, thinks Bitcoin is a useless asset. In one of her last speeches, she named cryptocurrency weaknesses. Speaking to journalists at a forum in Montreal (Canada) dedicated to financial technologies, the former head of the Fed said that any asset should have a stable source of value. Bitcoin does not possess such quality, in her opinion. Yellen stressed: “It’s not used for a lot of transactions, it’s not a stable source of value, and it’s not an efficient means of processing payments. I …
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