Bitcoin Has Failed as an Alternative Money, says Former Fed Chairman
Ben Bernanke believes Bitcoin’s best use cases are speculation and criminal activity.
Ben Bernanke believes Bitcoin’s best use cases are speculation and criminal activity.
The central bank has doubled down on its expectation to combat inflation, yet both Bitcoin and stocks reacted positively to
"Project Lithium" will experiment to measure the potential benefits of a US CBDC and guide the design of future clearing
The Bank of America warned that Fed's recent actions could lead to a recession, but cryptocurrencies could emerge as winners.
The Fed Chair reiterated that cryptocurrencies and other digital technologies need enhanced regulations to work safely.
The Fed has followed through on plans to address rising inflation, and Bitcoin has taken a hit in response.
Finance professor Jeremy Siegel warns that Bitcoin could ‘take over’ if the dollar continues to lose value.Â
Chairman Powell echoes comments from the ECB about how cryptocurrencies may sabotage western efforts to sanction Russia.Â
As of May 1st, Federal Reserve officials will not be able to trade stocks, bonds, and cryptocurrencies.
With US Jobs finally showing signs of real recovery, the Fed may be more prepared for a hawkish policy response.Â