Federal Reserve Chair Janet Yellen downplayed the hype surrounding bitcoin during her final press conference on Wednesday.
Yellen, who will leave the Fed following the expiration of her term in February, addressed a myriad of topics raised by reporters, including one that few could have predicted when she first took office in 2010: bitcoin.
Although bitcoin has been the talk of the financial services sector this year, Yellen downplayed its role in the real economy, calling it a “highly speculative asset” that does not even function well as a store of value.
Source: http://strategiccoin.com/highly-speculative-fed-chair-yellen-downplays-bitcoin-hype/
Yellen, who will leave the Fed following the expiration of her term in February, addressed a myriad of topics raised by reporters, including one that few could have predicted when she first took office in 2010: bitcoin.
Although bitcoin has been the talk of the financial services sector this year, Yellen downplayed its role in the real economy, calling it a “highly speculative asset” that does not even function well as a store of value.
Source: http://strategiccoin.com/highly-speculative-fed-chair-yellen-downplays-bitcoin-hype/
