St. Louis Fed's Bullard: Most cryptocurrencies are 'worthless' | Crypto Craft

  • St. Louis Fed's Bullard: Most cryptocurrencies are 'worthless'

    From finance.yahoo.com

    video A top U.S. central banker warned Monday that investors should be careful when investing in cryptocurrencies. Federal Reserve Bank of St. Louis President James Bullard said Monday that crypto assets have a use case for facilitating transactions that are difficult to make with fiat currencies. But he suggested that there may be too many types of private cryptocurrency projects out there. “We have a couple of thousand of these around, most of them are worthless,” Bullard told Yahoo Finance in an exclusive interview. Bullard’s remarks come as crypto markets continue to teeter. At the worst point during this ... (full story)

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COGSx86
May 25, 2021 4:17pm
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And go figure Powell says it’s comparable to GoLd. If the market views it as a means of value and transaction out of the hands of central banks it should be viewed as good thing to provide outlets of finance for individuals who want to remain part of the state generating economic activity but with value that gains, not lose.

Why do we have to lose, right Paul Krugmen???


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