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Yellen: Bitcoin often used for illicit finance; is inefficient
Added at 9:24am
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U.S. TREASURY'S YELLEN SAYS BITCOIN EXTREMELY INEFFICIENT FOR CONDUCTING TRANSACTIONS, IS A HIGHLY SPECULATIVE ASSET
— 4XInsight (@4xInsight) February 22, 2021
Added at 9:24am
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Treasury Sec. Yellen:
— DailyFX Team Live (@DailyFXTeam) February 22, 2021
- Digital currencies could lead to faster and cheaper payments
- Many issues still need to be studied
- Bitcoin is a "highly speculative asset" and is "extremely inefficient" for conducting transactions$USD $BTC