Dr. Summers is one of many prominent voices that have endorsed Bitcoin as a viable investment option and store of value in recent times. For instance, the chairman of UK investment company, Ruffer, had earlier said that Bitcoin is a “nonsensical asset” that makes a lot of sense. Billionaire Ray Dalio also compared the digital asset to gold.
Summers shared his views during a Friday interview with David Westin of Bloomberg TV. The former secretary said:
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Source: Cryptocurrency - investing.com