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Commodities Briefing - Categorized | Commentaries, Currencies more

Bitcoin a ‘bubble’, not a currency says former Fed chief Alan Greenspan

Posted on 05 December 2013

Former Federal Reserve Chairman Alan Greenspan said Bitcoin is a bubble after it surged 89-fold in a year and that the virtual money isn’t currency.
“It’s a bubble,” Greenspan, 87, said in a Bloomberg Television interview from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”……………………………………….Full Article: Source


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