The former head of the FED named Bitcoin weaknesses

The former head of the FED named Bitcoin weaknesses
The former head of the US Federal Reserve, Janet Yellen, thinks Bitcoin is a useless asset. In one of her last speeches, she named cryptocurrency weaknesses.

Speaking to journalists at a forum in Montreal (Canada) dedicated to financial technologies, the former head of the Fed said that any asset should have a stable source of value. Bitcoin does not possess such quality, in her opinion.

Yellen stressed:
“It’s not used for a lot of transactions, it’s not a stable source of value, and it’s not an efficient means of processing payments. I ...
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