Federal Reserve's Neel Kashkari: "Bitcoin is not a useful payment tool.
It's not an inflation hedge.
If it's just a speculative asset that's fine but I would like to know what it is and what it isn't." π€
Discussion
I feel genuine gratitude every time I see someone like this failing to see why bitcoin is important.
you tried it recently, sir?
Because you guys shutdown nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcvd6gmf and @jack these 2 had everything ready to go so usa can buy stuff with bitcoin and the feds shut the whole operation down. 2021 jack announced it and the feds shut it down
It is an inflation hedge in some countries (more holistic view needed).
It is a freedom tool.
It is a new asset class.
It is a digital property.
For each individual it will mean something different depending on needs.
For some people it may be just a speculative asset.
#Bitcoin is many things to many.
He canβt see it because it replaces him
Trust you me, his family is fully positioned in bitcoin. Just in case it catches on.