RATE Group | Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal…
79322
post-template-default,single,single-post,postid-79322,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal…

13 Feb Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal…

Posted at 17:16h in Cryptocurrency News by

[ad_1]

Bitcoin and Cryptocurrency Are 'Like a Giant Garbage Dumpster,' Says Minneapolis Federal Reserve President

The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a giant garbage dumpster.” He would rather his one-year-old daughter have a low yielding Treasury bond than a bitcoin, emphasizing that all that’s emerging from the crypto world “is burning garbage.”

Also read: Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger

Bitcoin and Crypto ‘a Giant Garbage Dumpster’

Minneapolis Federal Reserve President Neel Kashkari talked about cryptocurrencies, including bitcoin, at a Town Hall event in Kashkari, Montana, on Tuesday. He took office as president of the Federal Reserve Bank of Minneapolis in January 2016.

Washington Companies CEO Larry Simkins moderated the Q&A session at the event. He asked Kashkari: “Your daughter is a year old and if I want to buy her a gift, would you prefer I give her a low yielding Treasury…

[ad_2]

Source link

Tags:
, , , , , ,