Neel Kashkari: “Cryptocurrency Is 95% Fraud, Hype, Noise, and Confusion”

by Aurelia Butler 18 August 2021, 13:00 169 Views

TUESDAY: Minneapolis Federal Reserve President Neel Kashkari had some harsh allegations for the trillion-dollar crypto asset market.

The central banker even went so far as to accuse bitcoin of futility. He said that he doesn’t see any use cases for bitcoin, the world’s no.1 crypto in terms of market capitalization. Moreover, he mentioned that the broader digital-asset sector largely feeds into fraud.

Kashkari shared the opinion while speaking at the Pacific Northwest Economic Regional Annual Summit in Big Sky, Mont. To be exact, he said, “Cryptocurrency is 95% fra…

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Source: Cryptocurrency - investing.com

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Neel Kashkari: “Cryptocurrency Is 95% Fraud, Hype, Noise, and Confusion”

Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index

Target earnings top estimates, and retailer raises forecast as back-to-school spending kicks in

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