Bitcoin Has Failed as an Alternative Money, says Former Fed Chairman - BitcoinEthereumNews.com
Bitcoinफेड के पूर्व अध्यक्ष का कहना है कि बिटकॉइन वैकल्पिक धन के रूप में विफल रहा है05 / 16 / 2022बिटकॉइन एथेरियम समाचार Ben Bernanke – former chairman of the U.S. Federal Reserve – does not believe Bitcoin or other cryptocurrencies can succeed as an alternative money. He claims their prices are too volatile to serve as a practical means of exchange and lack the underlying use cases to serve as stores of value. Bitcoin is for Criminals, Says Bernanke हाल के दिनों में साक्षात्कार with CNBC‘s Andrew Sorkin, Bernanke claimed that cryptocurrencies have been successful as a “speculative asset”. However, as substitutes for fiat currency, they haven’t lived up to the hype. “If Bitcoin were a substitute for fiat money, you could use it to go buy your groceries,” he argued. “Nobody buys groceries with Bitcoin because its too expensive, and too inconvenient to do that.” He added that the price of groceries also regularly fluctuates against Bitcoin, further impeding its adoption as a medium of exchange. Indeed, Bitcoins price has seen major volatility to the downside over the past 7 weeks, तोड़ने an all-time record for its longest weekly bearish trend on Monday. In fact, Bernanke believes Bitcoins “main use” is within underground economies