US Fed Chair Speaks Out On Bitcoin and National Crypto

The outgoing US Federal Reserve (the Fed) chair, Janet Yellen, commented on Bitcoin and the Fed’s relationship to the digital currency at a press conference in Washington on Wednesday.

During the meeting, Yellen addressed three areas relating to cryptocurrency — speculation, regulation and government-issued digital currencies. On the nature of Bitcoin, she commented that though the cryptocurrency has seen a remarkable growth in recent months, it is still a “highly speculative asset” and “not a stable source of value.” She also noted that Bitcoin remains a very small part of the overall payment system.

You can read the full article written by Jon Buck here.

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