My Grandma will Buy Bitcoin but Not Fed, Krüger Tells Pomp

My 99-year-old grandmother is more likely to buy bitcoin than the Federal Reserve, said market analyst Alex Krüger.

The economist was responding to Anthony “Pomp” Pompliano, the co-founder & partner at Morgan Creek Digital Assets, on his comments on Venezuela. Pomp cited a Bloomberg report that claimed Venezuela’s central bank is holding bitcoin and ether in its reserves. He used it as evidence to prove bitcoin’s growing adoption among central banks, declaring that every country will follow the footsteps of Venezuela.

Krüger, who is known for his balanced views on global and bitcoin markets, reminded that a US sanctions-hit Venezuela is terrible news for bitcoin. Emphasizing that it is the world’s 9th most corrupted country, Krüger stated that their central bank using cryptocurrencies would not help the industry. On the contrary, it would hamper bitcoin’s growth altogether.

“Bitcoiners are celebrating the central bank of the 9th most corrupt country in the world…